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

Fourpath Capital Management LLC reduced its holdings in Phillips 66 (NYSE:PSX) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,149 shares of the oil and gas company’s stock after selling 200 shares during the quarter. Fourpath Capital Management LLC’s holdings in Phillips 66 were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PSX. Czech National Bank raised its stake in shares of Phillips 66 by 5.5% during the third quarter. Czech National Bank now owns 85,266 shares of the oil and gas company’s stock valued at $11,208,000 after purchasing an additional 4,477 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Phillips 66 by 21.5% during the 3rd quarter. GAMMA Investing LLC now owns 8,343 shares of the oil and gas company’s stock worth $1,097,000 after buying an additional 1,479 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of Phillips 66 by 8.7% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 20,600 shares of the oil and gas company’s stock worth $2,708,000 after acquiring an additional 1,654 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Phillips 66 by 185.2% in the third quarter. Versant Capital Management Inc now owns 2,045 shares of the oil and gas company’s stock valued at $269,000 after acquiring an additional 1,328 shares in the last quarter. Finally, Bangor Savings Bank boosted its holdings in shares of Phillips 66 by 1.3% in the third quarter. Bangor Savings Bank now owns 12,373 shares of the oil and gas company’s stock valued at $1,626,000 after acquiring an additional 159 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Price Performance

Shares of PSX opened at $123.58 on Wednesday. The business’s 50-day moving average is $120.23 and its 200-day moving average is $128.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The company has a market capitalization of $51.04 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 3.89 and a beta of 1.37. 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 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 return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the previous year, the company posted $3.09 earnings per share. Equities research analysts expect that Phillips 66 will post 7.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PSX. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Mizuho dropped their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Scotiabank reduced their price objective on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, UBS Group decreased 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

About Phillips 66

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.