XML Financial LLC Sells 336 Shares of Phillips 66 (NYSE:PSX)

XML Financial LLC reduced its position in shares of Phillips 66 (NYSE:PSX) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,503 shares of the oil and gas company’s stock after selling 336 shares during the quarter. XML Financial LLC’s holdings in Phillips 66 were worth $1,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PSX. nVerses Capital LLC purchased a new stake in Phillips 66 during the third quarter valued at approximately $26,000. Values First Advisors Inc. purchased a new position in shares of Phillips 66 during the 3rd quarter valued at $30,000. Point72 Hong Kong Ltd bought a new position in Phillips 66 in the 3rd quarter worth $40,000. Sugar Maple Asset Management LLC bought a new stake in Phillips 66 during the fourth quarter valued at about $47,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Phillips 66 in the second quarter valued at about $51,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

NYSE:PSX opened at $120.38 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The stock’s fifty day moving average is $122.33 and its 200 day moving average is $129.45. The firm has a market capitalization of $49.72 billion, a PE ratio of 15.45, a PEG ratio of 3.84 and a beta of 1.38. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08.

Phillips 66 (NYSE:PSX) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business’s revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the business earned $4.63 EPS. On average, sell-side analysts anticipate that Phillips 66 will post 6.41 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on PSX. Scotiabank cut their target price on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. reduced their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Bank of America assumed coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 target price for the company. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, UBS Group reduced their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and an average price target of $147.93.

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.