Parisi Gray Wealth Management boosted its position in Phillips 66 (NYSE:PSX) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,489 shares of the oil and gas company’s stock after acquiring an additional 145 shares during the period. Parisi Gray Wealth Management’s holdings in Phillips 66 were worth $612,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PSX. Schroder Investment Management Group grew its stake in shares of Phillips 66 by 180.0% during the second quarter. Schroder Investment Management Group now owns 225,243 shares of the oil and gas company’s stock worth $21,070,000 after buying an additional 144,810 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Phillips 66 by 22.1% in the second quarter. Victory Capital Management Inc. now owns 313,388 shares of the oil and gas company’s stock worth $29,314,000 after purchasing an additional 56,707 shares during the last quarter. Centaurus Financial Inc. grew its stake in shares of Phillips 66 by 1,154.4% in the second quarter. Centaurus Financial Inc. now owns 2,283 shares of the oil and gas company’s stock worth $214,000 after purchasing an additional 2,101 shares during the last quarter. Andra AP fonden grew its stake in shares of Phillips 66 by 20.1% in the second quarter. Andra AP fonden now owns 49,000 shares of the oil and gas company’s stock worth $4,583,000 after purchasing an additional 8,200 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its stake in shares of Phillips 66 by 1.2% in the second quarter. Pictet Asset Management Ltd. now owns 216,659 shares of the oil and gas company’s stock worth $20,266,000 after purchasing an additional 2,600 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Chukwuemeka A. Oyolu sold 464 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $119.53, for a total transaction of $55,461.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

Several research firms recently issued reports on PSX. ValuEngine upgraded shares of Phillips 66 from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 8th. Cowen boosted their target price on shares of Phillips 66 from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Raymond James dropped their target price on shares of Phillips 66 from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. Citigroup dropped their target price on shares of Phillips 66 from $135.00 to $128.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Evercore ISI began coverage on shares of Phillips 66 in a report on Wednesday, October 2nd. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $122.17.

Shares of NYSE PSX traded down $2.26 during trading on Friday, hitting $99.58. 101,710 shares of the company traded hands, compared to its average volume of 2,106,461. The business’s fifty day moving average is $109.38 and its 200 day moving average is $106.51. Phillips 66 has a fifty-two week low of $80.24 and a fifty-two week high of $119.92. The firm has a market capitalization of $45.26 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 1.56 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.29.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, October 25th. The oil and gas company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.51. Phillips 66 had a net margin of 4.17% and a return on equity of 19.31%. The firm had revenue of $27.77 billion for the quarter, compared to analyst estimates of $28.31 billion. During the same quarter in the prior year, the business earned $3.10 earnings per share. On average, analysts predict that Phillips 66 will post 8.14 EPS 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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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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