Symphony Financial Ltd. Co. Sells 167 Shares of Phillips 66 (NYSE:PSX)

Symphony Financial Ltd. Co. lessened its holdings in shares of Phillips 66 (NYSE:PSX) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,936 shares of the oil and gas company’s stock after selling 167 shares during the period. Symphony Financial Ltd. Co.’s holdings in Phillips 66 were worth $595,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in shares of Phillips 66 by 263.3% during the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after acquiring an additional 60,355 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Phillips 66 in the fourth quarter worth about $3,033,000. Donoghue Forlines LLC bought a new position in Phillips 66 in the 4th quarter valued at approximately $1,438,000. Mizuho Securities USA LLC boosted its position in shares of Phillips 66 by 7,549.0% during the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock valued at $328,625,000 after buying an additional 2,467,316 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in shares of Phillips 66 by 25.7% during the 4th quarter. Annex Advisory Services LLC now owns 162,922 shares of the oil and gas company’s stock valued at $18,562,000 after acquiring an additional 33,290 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays cut their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Mizuho dropped their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. UBS Group dropped their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Bank of America started coverage on shares of Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.93.

Phillips 66 Stock Down 3.0 %

Shares of NYSE PSX opened at $117.24 on Friday. The stock has a market capitalization of $48.42 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 4.03 and a beta of 1.38. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $120.54 and its 200-day moving average price is $128.56.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. During the same period in the previous year, the company earned $3.09 EPS. On average, equities research analysts anticipate that Phillips 66 will post 6.27 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.