Phillips 66 (NYSE:PSX) Stock Position Lifted by First Republic Investment Management Inc.

First Republic Investment Management Inc. lifted its holdings in Phillips 66 (NYSE:PSX – Get Rating) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 573,977 shares of the oil and gas company’s stock after purchasing an additional 28,114 shares during the quarter. First Republic Investment Management Inc. owned 0.12% of Phillips 66 worth $46,331,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. WFA of San Diego LLC bought a new position in Phillips 66 during the second quarter valued at about $25,000. Heritage Financial Services LLC bought a new position in Phillips 66 during the second quarter valued at about $28,000. Horan Securities Inc. boosted its stake in Phillips 66 by 210.6% during the third quarter. Horan Securities Inc. now owns 351 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 238 shares in the last quarter. Core Alternative Capital boosted its stake in Phillips 66 by 218.3% during the third quarter. Core Alternative Capital now owns 366 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 251 shares in the last quarter. Finally, FinTrust Capital Advisors LLC boosted its stake in Phillips 66 by 79.2% during the second quarter. FinTrust Capital Advisors LLC now owns 362 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 160 shares in the last quarter. Institutional investors own 70.76% of the company’s stock.

Phillips 66 Stock Down 0.0 %

PSX opened at $106.94 on Tuesday. Phillips 66 has a fifty-two week low of $73.85 and a fifty-two week high of $113.53. The business has a 50-day moving average of $104.59 and a 200-day moving average of $95.26. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.06. The company has a market capitalization of $50.54 billion, a PE ratio of 4.89, a price-to-earnings-growth ratio of 0.40 and a beta of 1.41.

Phillips 66 (NYSE:PSX – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The oil and gas company reported $6.46 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $1.48. Phillips 66 had a return on equity of 32.66% and a net margin of 6.18%. The company had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $40.68 billion. During the same period last year, the business earned $3.18 EPS. Equities research analysts forecast that Phillips 66 will post 19.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on PSX shares. BMO Capital Markets upped their target price on Phillips 66 from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, November 10th. The Goldman Sachs Group upped their target price on Phillips 66 to $123.00 in a report on Wednesday, November 16th. Morgan Stanley upped their target price on Phillips 66 from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday. Jefferies Financial Group assumed coverage on Phillips 66 in a report on Wednesday, October 19th. They set a “hold” rating and a $105.00 target price for the company. Finally, Raymond James increased their price objective on Phillips 66 from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, January 13th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.93.

Insider Activity

In other news, VP Joseph Scott Pruitt sold 3,000 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $111.86, for a total transaction of $335,580.00. Following the transaction, the vice president now owns 15,302 shares of the company’s stock, valued at approximately $1,711,681.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.74% of the stock is currently owned by insiders.

About Phillips 66

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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 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.