Lawson Kroeker Investment Management Inc. NE Sells 1,503 Shares of Phillips 66 (NYSE:PSX)

Lawson Kroeker Investment Management Inc. NE reduced its holdings in shares of Phillips 66 (NYSE:PSX) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,590 shares of the oil and gas company’s stock after selling 1,503 shares during the quarter. Phillips 66 accounts for about 2.2% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 11th biggest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Phillips 66 were worth $11,916,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PSX. Mizuho Securities USA LLC lifted its position in shares of Phillips 66 by 7,549.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after buying an additional 2,467,316 shares during the last quarter. ING Groep NV lifted its position in shares of Phillips 66 by 123.2% during the 3rd quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company’s stock worth $155,503,000 after buying an additional 653,032 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Phillips 66 by 63.4% during the 3rd quarter. Bank of Montreal Can now owns 1,633,876 shares of the oil and gas company’s stock worth $214,120,000 after buying an additional 633,970 shares during the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of Phillips 66 during the 3rd quarter worth $70,983,000. Finally, Assenagon Asset Management S.A. raised its position in Phillips 66 by 73.2% in the third quarter. Assenagon Asset Management S.A. now owns 732,556 shares of the oil and gas company’s stock valued at $96,294,000 after purchasing an additional 309,507 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Trading Up 0.8 %

NYSE PSX opened at $122.20 on Thursday. The business has a 50 day simple moving average of $121.27 and a 200 day simple moving average of $128.82. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The stock has a market capitalization of $50.47 billion, a P/E ratio of 15.69, a P/E/G ratio of 3.78 and a beta of 1.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm had revenue of $36.16 billion during the quarter, compared to analysts’ expectations of $36.31 billion. During the same quarter last year, the firm posted $4.63 earnings per share. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. Research analysts expect that Phillips 66 will post 6.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PSX shares. UBS Group dropped their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Bank of America started coverage on Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price for the company. Barclays dropped their target price 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. Finally, Wells Fargo & Company decreased their price target on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and an average target price of $147.93.

About Phillips 66

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.