Ingalls & Snyder LLC trimmed its position in Phillips 66 (NYSE:PSX) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 30,774 shares of the oil and gas company’s stock after selling 385 shares during the quarter. Ingalls & Snyder LLC’s holdings in Phillips 66 were worth $3,429,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Atwater Malick LLC acquired a new stake in shares of Phillips 66 in the third quarter valued at about $27,000. Allred Capital Management LLC acquired a new stake in shares of Phillips 66 in the fourth quarter valued at about $27,000. WealthStone Inc. acquired a new stake in shares of Phillips 66 in the second quarter valued at about $38,000. Rational Advisors LLC increased its position in shares of Phillips 66 by 41.1% in the third quarter. Rational Advisors LLC now owns 374 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 109 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of Phillips 66 by 74.8% in the third quarter. Sound Income Strategies LLC now owns 395 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 169 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

A number of research firms recently issued reports on PSX. Cowen lifted their target price on Phillips 66 from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Raymond James lowered their price target on Phillips 66 from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Bank of America downgraded Phillips 66 from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Barclays initiated coverage on Phillips 66 in a research report on Tuesday. They set an “overweight” rating and a $122.00 price target on the stock. Finally, Wells Fargo & Co boosted their price target on Phillips 66 from $130.00 to $132.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $120.00.

In related news, VP Chukwuemeka A. Oyolu sold 464 shares of Phillips 66 stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $119.53, for a total transaction of $55,461.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Phillips 66 stock traded down $1.49 during trading hours on Wednesday, hitting $104.89. The company had a trading volume of 54,663 shares, compared to its average volume of 2,640,273. The firm has a 50-day moving average of $111.36 and a 200 day moving average of $106.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 0.84. The firm has a market cap of $46.90 billion, a PE ratio of 8.96, a PEG ratio of 1.55 and a beta of 1.09. Phillips 66 has a one year low of $80.24 and a one year high of $119.92.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, October 25th. The oil and gas company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $28.31 billion. During the same quarter in the previous year, the company posted $3.10 earnings per share. As a group, research analysts expect that Phillips 66 will post 8.69 earnings per share for the current year.

Phillips 66 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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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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