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

Radnor Capital Management LLC lowered its stake in Phillips 66 (NYSE:PSX) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,842 shares of the oil and gas company’s stock after selling 300 shares during the period. Radnor Capital Management LLC’s holdings in Phillips 66 were worth $210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PSX. nVerses Capital LLC acquired a new position in Phillips 66 during the third quarter worth about $26,000. Values First Advisors Inc. purchased a new stake in shares of Phillips 66 during the 3rd quarter worth approximately $30,000. Point72 Hong Kong Ltd purchased a new position in Phillips 66 in the 3rd quarter valued at approximately $40,000. Strategic Investment Solutions Inc. IL purchased a new position in Phillips 66 in the 2nd quarter valued at approximately $51,000. Finally, Hoese & Co LLP raised its holdings in Phillips 66 by 33.1% during the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 100 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $119.68 on Friday. The company has a market cap of $49.43 billion, a P/E ratio of 15.36, a P/E/G ratio of 3.17 and a beta of 1.38. The business has a fifty day simple moving average of $122.73 and a 200-day simple moving average of $129.95. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. The company had revenue of $36.16 billion during the quarter, compared to analysts’ expectations of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.63 EPS. Equities research analysts forecast that Phillips 66 will post 7.22 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PSX shares. Bank of America assumed coverage on Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target for the company. Mizuho dropped their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. reduced their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Wells Fargo & Company dropped their price objective on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, UBS Group reduced their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.93.

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.