Powers Advisory Group LLC Decreases Holdings in Phillips 66 (NYSE:PSX)

Powers Advisory Group LLC lowered its stake in Phillips 66 (NYSE:PSX) by 11.5% in the 4th quarter, HoldingsChannel reports. The fund owned 2,679 shares of the oil and gas company’s stock after selling 349 shares during the period. Powers Advisory Group LLC’s holdings in Phillips 66 were worth $305,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new position in shares of Phillips 66 during the 3rd quarter worth about $26,000. Values First Advisors Inc. bought a new stake in Phillips 66 in the third quarter worth about $30,000. Webster Bank N. A. boosted its position in shares of Phillips 66 by 48.4% during the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 88 shares during the period. Crews Bank & Trust bought a new position in shares of Phillips 66 during the fourth quarter valued at approximately $32,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Phillips 66 in the third quarter worth approximately $40,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Price Performance

PSX opened at $120.71 on Friday. The firm has a market capitalization of $49.85 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 4.03 and a beta of 1.38. The business’s 50-day moving average is $121.08 and its two-hundred day moving average is $128.77. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. 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 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 13.12% and a net margin of 2.24%. Research analysts anticipate that Phillips 66 will post 6.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PSX. Barclays reduced their target price on 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. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective 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 research note on Monday, December 9th. Mizuho decreased their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Scotiabank dropped their price objective on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.