Phillips 66 (NYSE:PSX) Shares Sold by UMB Bank n.a.

UMB Bank n.a. cut its holdings in shares of Phillips 66 (NYSE:PSX) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,935 shares of the oil and gas company’s stock after selling 2,496 shares during the period. UMB Bank n.a.’s holdings in Phillips 66 were worth $4,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Phillips 66 in the 2nd quarter valued at approximately $534,000. AE Wealth Management LLC increased its stake in shares of Phillips 66 by 147.4% in the second quarter. AE Wealth Management LLC now owns 21,218 shares of the oil and gas company’s stock worth $2,995,000 after buying an additional 12,642 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Phillips 66 by 4.8% in the second quarter. Pacer Advisors Inc. now owns 34,272 shares of the oil and gas company’s stock valued at $4,838,000 after acquiring an additional 1,573 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Phillips 66 by 119.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 6,872 shares of the oil and gas company’s stock valued at $970,000 after acquiring an additional 3,736 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its position in shares of Phillips 66 by 1.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 129,790 shares of the oil and gas company’s stock worth $18,322,000 after purchasing an additional 2,330 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PSX shares. Barclays decreased their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. lowered their price target on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Wells Fargo & Company lowered their target price 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 price target 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. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Trading Up 0.8 %

NYSE:PSX opened at $120.64 on Tuesday. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The business has a fifty day moving average of $122.47 and a 200-day moving average of $129.59. 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 stock has a market cap of $49.82 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 3.17 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last released its 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 firm had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. Phillips 66’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the company earned $4.63 EPS. Equities analysts predict that Phillips 66 will post 7.22 earnings per share for the current 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.