Pittenger & Anderson Inc. lessened its holdings in Phillips 66 (NYSE:PSX) by 4.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,234 shares of the oil and gas company’s stock after selling 2,925 shares during the period. Pittenger & Anderson Inc.’s holdings in Phillips 66 were worth $4,650,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Aberdeen Asset Management PLC UK raised its position in Phillips 66 by 23.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 286,328 shares of the oil and gas company’s stock worth $23,676,000 after purchasing an additional 54,705 shares in the last quarter. Northwest Quadrant Wealth Management LLC raised its position in Phillips 66 by 2.1% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 2,921 shares of the oil and gas company’s stock worth $248,000 after purchasing an additional 59 shares in the last quarter. Private Wealth Advisors Inc. raised its position in Phillips 66 by 13.3% in the second quarter. Private Wealth Advisors Inc. now owns 20,465 shares of the oil and gas company’s stock worth $1,692,000 after purchasing an additional 2,396 shares in the last quarter. HPM Partners LLC raised its position in Phillips 66 by 2,218.2% in the second quarter. HPM Partners LLC now owns 59,670 shares of the oil and gas company’s stock worth $7,008,000 after purchasing an additional 57,096 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Phillips 66 by 0.9% in the second quarter. Wells Fargo & Company MN now owns 8,422,039 shares of the oil and gas company’s stock worth $696,418,000 after purchasing an additional 71,098 shares in the last quarter. 69.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Phillips 66 (PSX) opened at 92.82 on Friday. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $94.69. The company has a market capitalization of $47.48 billion, a PE ratio of 27.77 and a beta of 1.19. The stock’s 50 day moving average is $87.13 and its 200 day moving average is $81.80.

Phillips 66 (NYSE:PSX) last issued its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.02 by $0.07. The company had revenue of $24.58 billion during the quarter, compared to analysts’ expectations of $25.14 billion. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. During the same period in the previous year, the company earned $0.94 EPS. On average, equities research analysts anticipate that Phillips 66 will post $4.33 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Pittenger & Anderson Inc. Sells 2,925 Shares of Phillips 66 (PSX)” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.watchlistnews.com/pittenger-anderson-inc-sells-2925-shares-of-phillips-66-psx/1616917.html.

Several research firms have recently weighed in on PSX. Piper Jaffray Companies reaffirmed a “buy” rating and set a $84.00 price objective on shares of Phillips 66 in a report on Friday, July 14th. Scotiabank reaffirmed a “hold” rating on shares of Phillips 66 in a report on Friday, September 8th. Zacks Investment Research lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet raised shares of Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, June 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price objective on shares of Phillips 66 in a report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $89.30.

In related news, VP Chukwuemeka A. Oyolu sold 1,151 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $89.08, for a total transaction of $102,531.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Phillips 66 Profile

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.

Want to see what other hedge funds are holding PSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Phillips 66 (NYSE:PSX).

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

Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with Analyst Ratings Network's FREE daily email newsletter.