Bartlett & CO. Wealth Management LLC Sells 555 Shares of Phillips 66 (NYSE:PSX)

Bartlett & CO. Wealth Management LLC cut its holdings in Phillips 66 (NYSE:PSX) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,767 shares of the oil and gas company’s stock after selling 555 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Phillips 66 were worth $2,024,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PSX. nVerses Capital LLC purchased a new stake in shares of Phillips 66 during the third quarter valued at $26,000. Values First Advisors Inc. purchased a new stake in shares of Phillips 66 during the 3rd quarter valued at about $30,000. Point72 Hong Kong Ltd purchased a new stake in shares of Phillips 66 during the 3rd quarter valued at about $40,000. Sugar Maple Asset Management LLC bought a new stake in shares of Phillips 66 in the fourth quarter worth approximately $47,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Phillips 66 during the second quarter valued at approximately $51,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Mizuho cut their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Barclays reduced their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. UBS Group reduced their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Stock Up 3.4 %

PSX opened at $122.62 on Friday. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The stock has a market cap of $50.64 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 3.84 and a beta of 1.38. The firm’s fifty day moving average is $121.95 and its 200 day moving average is $129.24.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.63 earnings per share. On average, sell-side analysts forecast that Phillips 66 will post 6.41 earnings per share for the current fiscal year.

Phillips 66 Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. 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.