Clarius Group LLC Sells 363 Shares of Phillips 66 (NYSE:PSX)

Clarius Group LLC trimmed its holdings in shares of Phillips 66 (NYSE:PSX) by 11.2% during the fourth quarter, HoldingsChannel reports. The fund owned 2,881 shares of the oil and gas company’s stock after selling 363 shares during the quarter. Clarius Group LLC’s holdings in Phillips 66 were worth $328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in Phillips 66 during the 2nd quarter worth $534,000. Brighton Jones LLC increased its stake in shares of Phillips 66 by 5.1% in the second quarter. Brighton Jones LLC now owns 4,607 shares of the oil and gas company’s stock valued at $650,000 after buying an additional 223 shares during the period. Ieq Capital LLC raised its position in shares of Phillips 66 by 8.7% during the second quarter. Ieq Capital LLC now owns 15,137 shares of the oil and gas company’s stock worth $2,137,000 after acquiring an additional 1,215 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Phillips 66 by 64.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 28,872 shares of the oil and gas company’s stock worth $4,076,000 after acquiring an additional 11,346 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Phillips 66 by 574.0% in the second quarter. Canada Pension Plan Investment Board now owns 443,044 shares of the oil and gas company’s stock valued at $62,545,000 after acquiring an additional 377,314 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Trading Up 0.8 %

NYSE:PSX opened at $120.64 on Monday. 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 has a one year low of $108.90 and a one year high of $174.08. The company has a market cap of $49.82 billion, a PE ratio of 15.49, a PEG ratio of 3.17 and a beta of 1.38. The firm has a 50-day moving average of $122.47 and a 200-day moving average of $129.66.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping 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 analyst estimates of $36.31 billion. During the same period in the previous year, the company posted $4.63 EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. As a group, equities research analysts expect that Phillips 66 will post 7.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on PSX. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Wells Fargo & Company dropped their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Barclays cut their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. UBS Group dropped their price objective on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Mizuho cut their target price 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. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.93.

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.