Phillips 66 (NYSE:PSX) Shares Sold by Courier Capital LLC

Courier Capital LLC reduced its holdings in shares of Phillips 66 (NYSE:PSX) by 4.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,381 shares of the oil and gas company’s stock after selling 147 shares during the quarter. Courier Capital LLC’s holdings in Phillips 66 were worth $385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of Phillips 66 during the third quarter worth $26,000. Values First Advisors Inc. purchased a new stake in Phillips 66 during the 3rd quarter valued at about $30,000. Point72 Hong Kong Ltd acquired a new position in shares of Phillips 66 in the third quarter valued at about $40,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Phillips 66 in the second quarter worth about $51,000. Finally, Hoese & Co LLP lifted its holdings in shares of Phillips 66 by 33.1% during the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 100 shares during the period. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Phillips 66 Stock Up 0.9 %

Shares of NYSE PSX opened at $117.03 on Wednesday. The stock has a market cap of $48.33 billion, a PE ratio of 15.02, a P/E/G ratio of 4.06 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The company has a 50-day moving average of $122.91 and a 200 day moving average of $130.03.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. The business had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business’s revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.63 earnings per share. As a group, sell-side analysts predict that Phillips 66 will post 7.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PSX has been the topic of several research reports. Scotiabank cut their price target on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. UBS Group cut their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Barclays decreased their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Friday, January 3rd. Finally, Wells Fargo & Company reduced their price objective on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Company 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.