Yousif Capital Management LLC Lowers Stake in Phillips 66 (NYSE:PSX)

Yousif Capital Management LLC lessened its holdings in Phillips 66 (NYSE:PSX) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,946 shares of the oil and gas company’s stock after selling 883 shares during the quarter. Yousif Capital Management LLC’s holdings in Phillips 66 were worth $6,944,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in Phillips 66 by 263.3% in the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock worth $10,753,000 after acquiring an additional 60,355 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Phillips 66 in the 4th quarter worth about $3,033,000. Donoghue Forlines LLC bought a new position in Phillips 66 in the 4th quarter worth about $1,438,000. Mizuho Securities USA LLC grew its position in 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 valued at $328,625,000 after purchasing an additional 2,467,316 shares during the last quarter. Finally, Smith Group Asset Management LLC bought a new stake in Phillips 66 during the 4th quarter valued at about $1,149,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 2.1 %

Shares of PSX stock opened at $120.71 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The stock has a market cap of $49.85 billion, a P/E ratio of 24.44, a P/E/G ratio of 3.89 and a beta of 1.37. The company has a 50 day simple moving average of $119.81 and a two-hundred day simple moving average of $128.11.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the previous year, the business earned $3.09 earnings per share. On average, research analysts expect that Phillips 66 will post 7.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PSX. Barclays dropped their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Mizuho lowered their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Scotiabank reduced their target price on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. UBS Group lowered their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company lifted their price objective on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $148.00.

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.