Phillips 66 $PSX Stock Holdings Lifted by National Pension Service

National Pension Service lifted its stake in shares of Phillips 66 (NYSE:PSX) by 3.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 602,099 shares of the oil and gas company’s stock after purchasing an additional 20,213 shares during the period. National Pension Service’s holdings in Phillips 66 were worth $81,898,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PSX. Brighton Jones LLC grew its holdings in shares of Phillips 66 by 238.5% during the fourth quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock valued at $1,166,000 after buying an additional 7,214 shares in the last quarter. Woodline Partners LP increased its holdings in Phillips 66 by 40.7% in the first quarter. Woodline Partners LP now owns 34,891 shares of the oil and gas company’s stock worth $4,308,000 after buying an additional 10,089 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Phillips 66 by 93.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,551 shares of the oil and gas company’s stock worth $424,000 after purchasing an additional 1,714 shares during the last quarter. Pure Financial Advisors LLC increased its position in Phillips 66 by 13.7% during the second quarter. Pure Financial Advisors LLC now owns 2,268 shares of the oil and gas company’s stock worth $271,000 after buying an additional 273 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Phillips 66 by 5.5% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,206 shares of the oil and gas company’s stock valued at $263,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PSX has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Phillips 66 from $137.00 to $149.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Phillips 66 in a research report on Thursday, January 22nd. The Goldman Sachs Group upped their target price on shares of Phillips 66 from $152.00 to $164.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Wells Fargo & Company boosted their price target on Phillips 66 from $154.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, BMO Capital Markets boosted their price target on shares of Phillips 66 from $152.00 to $160.00 in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $154.47.

Phillips 66 Trading Down 0.5%

Shares of PSX opened at $143.36 on Monday. The stock’s fifty day simple moving average is $136.83 and its 200-day simple moving average is $132.89. The firm has a market capitalization of $57.76 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 0.52 and a beta of 0.90. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $147.96. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.68.

Insider Activity

In other news, EVP Brian Mandell sold 26,200 shares of Phillips 66 stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $137.68, for a total transaction of $3,607,216.00. Following the completion of the sale, the executive vice president owned 56,838 shares in the company, valued at $7,825,455.84. The trade was a 31.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin J. Mitchell sold 30,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $138.00, for a total transaction of $4,140,000.00. Following the completion of the transaction, the chief financial officer owned 89,771 shares in the company, valued at $12,388,398. This represents a 25.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 86,094 shares of company stock valued at $11,955,366. 0.22% of the stock is currently owned by insiders.

Phillips 66 Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.