First National Bank of Mount Dora Trust Investment Services decreased its holdings in shares of Phillips 66 (NYSE:PSX) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,974 shares of the oil and gas company’s stock after selling 304 shares during the quarter. Phillips 66 accounts for approximately 1.8% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 24th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Phillips 66 were worth $4,231,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Hengehold Capital Management LLC increased its stake in Phillips 66 by 1.4% in the fourth quarter. Hengehold Capital Management LLC now owns 18,879 shares of the oil and gas company’s stock valued at $2,103,000 after acquiring an additional 266 shares during the period. Parisi Gray Wealth Management lifted its stake in Phillips 66 by 2.7% during the fourth quarter. Parisi Gray Wealth Management now owns 5,489 shares of the oil and gas company’s stock worth $612,000 after purchasing an additional 145 shares during the period. Peddock Capital Advisors LLC bought a new position in Phillips 66 during the fourth quarter worth about $45,000. Advisor Partners LLC lifted its stake in Phillips 66 by 5.7% during the fourth quarter. Advisor Partners LLC now owns 19,201 shares of the oil and gas company’s stock worth $2,014,000 after purchasing an additional 1,038 shares during the period. Finally, Acima Private Wealth LLC boosted its holdings in Phillips 66 by 2.8% during the fourth quarter. Acima Private Wealth LLC now owns 3,643 shares of the oil and gas company’s stock valued at $406,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.
PSX has been the subject of a number of recent research reports. Citigroup dropped their target price on Phillips 66 from $135.00 to $128.00 and set a “buy” rating for the company in a report on Friday, January 17th. Morgan Stanley lowered their price target on Phillips 66 from $125.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Raymond James dropped their price objective on Phillips 66 from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, January 9th. Barclays started coverage on shares of Phillips 66 in a research note on Tuesday, January 14th. They issued an “overweight” rating and a $122.00 target price on the stock. Finally, Royal Bank of Canada restated a “hold” rating and issued a $120.00 target price on shares of Phillips 66 in a research note on Sunday, December 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $122.17.
PSX traded down $1.95 during trading on Friday, hitting $100.13. The company’s stock had a trading volume of 1,448,665 shares, compared to its average volume of 2,106,461. The company has a quick ratio of 0.84, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $45.26 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 1.56 and a beta of 1.09. The firm’s 50 day moving average price is $109.38 and its two-hundred day moving average price is $106.51. Phillips 66 has a 12 month low of $80.24 and a 12 month high of $119.92.
Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, October 25th. The oil and gas company reported $3.11 EPS for the quarter, topping the consensus estimate of $2.60 by $0.51. Phillips 66 had a return on equity of 19.31% and a net margin of 4.17%. The company had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $28.31 billion. During the same quarter in the prior year, the business earned $3.10 earnings per share. On average, sell-side analysts forecast that Phillips 66 will post 8.14 earnings per share for the current year.
Phillips 66 Company Profile
Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market; provides terminaling and storage services for crude oil and 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.
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