Phillips 66 (NYSE:PSX) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lessened its position in shares of Phillips 66 (NYSE:PSX) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,158 shares of the oil and gas company’s stock after selling 277 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Phillips 66 were worth $1,385,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Phillips 66 in the third quarter valued at approximately $26,000. Values First Advisors Inc. acquired a new position in shares of Phillips 66 in the 3rd quarter valued at $30,000. Point72 Hong Kong Ltd purchased a new position in shares of Phillips 66 in the 3rd quarter valued at $40,000. Sugar Maple Asset Management LLC acquired a new stake in Phillips 66 during the 4th quarter worth $47,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Phillips 66 in the second quarter valued at $51,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PSX. JPMorgan Chase & Co. cut their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. UBS Group cut their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Barclays decreased their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 Trading Down 0.6 %

Shares of PSX stock opened at $121.82 on Monday. The business’s fifty day moving average price is $121.63 and its 200 day moving average price is $129.07. The firm has a market capitalization of $50.31 billion, a PE ratio of 15.64, a P/E/G ratio of 3.78 and a beta of 1.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. During the same period in the prior year, the company posted $4.63 EPS. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. As a group, sell-side analysts forecast that Phillips 66 will post 6.41 EPS for the current fiscal year.

Phillips 66 Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.