Crescent Sterling Ltd. Sells 162 Shares of Phillips 66 (NYSE:PSX)

Crescent Sterling Ltd. lessened its holdings in Phillips 66 (NYSE:PSXFree Report) by 1.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,772 shares of the oil and gas company’s stock after selling 162 shares during the period. Phillips 66 accounts for approximately 1.7% of Crescent Sterling Ltd.’s portfolio, making the stock its 19th largest holding. Crescent Sterling Ltd.’s holdings in Phillips 66 were worth $1,683,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Advisory Alpha LLC boosted its position in shares of Phillips 66 by 4.8% during the 2nd quarter. Advisory Alpha LLC now owns 1,648 shares of the oil and gas company’s stock valued at $233,000 after acquiring an additional 76 shares during the last quarter. Krane Funds Advisors LLC lifted its position in Phillips 66 by 3.6% during the third quarter. Krane Funds Advisors LLC now owns 2,350 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 82 shares during the last quarter. Richwood Investment Advisors LLC grew its stake in Phillips 66 by 1.9% in the 3rd quarter. Richwood Investment Advisors LLC now owns 4,580 shares of the oil and gas company’s stock worth $602,000 after buying an additional 85 shares in the last quarter. Cobblestone Capital Advisors LLC NY increased its holdings in shares of Phillips 66 by 0.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company’s stock worth $2,307,000 after buying an additional 89 shares during the last quarter. Finally, Western Financial Corp CA increased its holdings in shares of Phillips 66 by 1.6% in the 3rd quarter. Western Financial Corp CA now owns 5,882 shares of the oil and gas company’s stock worth $773,000 after buying an additional 91 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PSX shares. Barclays cut their target price on shares of Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Wells Fargo & Company reduced their price objective on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. Bank of America began coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 price target on the stock. Finally, UBS Group lowered their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.57.

Read Our Latest Analysis on Phillips 66

Phillips 66 Stock Performance

NYSE:PSX opened at $113.95 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The stock has a market cap of $47.06 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 4.06 and a beta of 1.38. The firm’s fifty day simple moving average is $123.10 and its 200 day simple moving average is $130.36.

Phillips 66 (NYSE:PSXGet Free Report) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. During the same period in the prior year, the firm earned $4.63 earnings per share. Phillips 66’s revenue was down 10.3% on a year-over-year basis. As a group, research analysts predict that Phillips 66 will post 7.56 EPS for the current year.

Phillips 66 Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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