Leavell Investment Management Inc. Sells 6,214 Shares of Phillips 66 (NYSE:PSX)

Leavell Investment Management Inc. trimmed its holdings in Phillips 66 (NYSE:PSX) by 10.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 54,226 shares of the oil and gas company’s stock after selling 6,214 shares during the period. Leavell Investment Management Inc.’s holdings in Phillips 66 were worth $6,178,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC boosted its position in Phillips 66 by 22.7% in the third quarter. Exchange Traded Concepts LLC now owns 5,483 shares of the oil and gas company’s stock worth $721,000 after purchasing an additional 1,014 shares during the last quarter. Armstrong Advisory Group Inc. boosted its position in Phillips 66 by 10.4% in the third quarter. Armstrong Advisory Group Inc. now owns 1,303 shares of the oil and gas company’s stock worth $171,000 after purchasing an additional 123 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in Phillips 66 by 1,075.7% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 15,684 shares of the oil and gas company’s stock worth $2,062,000 after purchasing an additional 14,350 shares during the last quarter. Procyon Advisors LLC boosted its position in Phillips 66 by 2.6% in the third quarter. Procyon Advisors LLC now owns 16,638 shares of the oil and gas company’s stock worth $2,187,000 after purchasing an additional 425 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in Phillips 66 in the third quarter worth about $75,000. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PSX shares. StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. UBS Group dropped their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Mizuho dropped their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bank of America assumed coverage on Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective on the stock. Finally, Wolfe Research raised 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Stock Performance

NYSE:PSX opened at $129.74 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The stock’s 50 day simple moving average is $119.04 and its two-hundred day simple moving average is $127.66. The company has a market cap of $53.58 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 5.64 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last released its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period in the prior year, the company posted $3.09 EPS. As a group, equities analysts anticipate that Phillips 66 will post 7.14 earnings per share for the current fiscal year.

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.