Phillips 66 (NYSE:PSX) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. lowered its stake in shares of Phillips 66 (NYSE:PSX) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,122 shares of the oil and gas company’s stock after selling 678 shares during the quarter. Atomi Financial Group Inc.’s holdings in Phillips 66 were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSX. Evergreen Capital Management LLC raised its holdings in Phillips 66 by 4.1% during the second quarter. Evergreen Capital Management LLC now owns 4,496 shares of the oil and gas company’s stock worth $635,000 after purchasing an additional 179 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Phillips 66 by 55.5% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 81,954 shares of the oil and gas company’s stock worth $11,569,000 after purchasing an additional 29,260 shares in the last quarter. Sfmg LLC grew its position in shares of Phillips 66 by 12.9% during the second quarter. Sfmg LLC now owns 1,605 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 184 shares during the last quarter. Insigneo Advisory Services LLC grew its position in shares of Phillips 66 by 13.3% during the second quarter. Insigneo Advisory Services LLC now owns 3,088 shares of the oil and gas company’s stock worth $407,000 after acquiring an additional 363 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Phillips 66 by 6.4% during the second quarter. AQR Capital Management LLC now owns 372,992 shares of the oil and gas company’s stock worth $52,099,000 after acquiring an additional 22,531 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PSX shares. Bank of America started 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 on the stock. UBS Group lowered their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Scotiabank lowered their target price on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered 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. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $147.93.

Phillips 66 Price Performance

Phillips 66 stock opened at $122.62 on Friday. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. 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 business has a fifty day moving average of $121.95 and a two-hundred day moving average of $129.24. The company has a market cap of $50.64 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 3.84 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last released its quarterly 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 business had revenue of $36.16 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.63 EPS. As a group, analysts predict that Phillips 66 will post 6.41 earnings per share 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.