First Fiduciary Investment Counsel Inc. Sells 184 Shares of Phillips 66 (NYSE:PSX)

First Fiduciary Investment Counsel Inc. lessened its stake in shares of Phillips 66 (NYSE:PSX) by 0.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,520 shares of the oil and gas company’s stock after selling 184 shares during the period. First Fiduciary Investment Counsel Inc.’s holdings in Phillips 66 were worth $6,211,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Van ECK Associates Corp raised its holdings in shares of 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 valued at $10,753,000 after purchasing an additional 60,355 shares during the last quarter. Flavin Financial Services Inc. bought a new position in Phillips 66 during the fourth quarter worth about $1,190,000. Everence Capital Management Inc. bought a new position in Phillips 66 during the fourth quarter worth about $3,033,000. Donoghue Forlines LLC bought a new position in Phillips 66 during the fourth quarter worth about $1,438,000. Finally, Mizuho Securities USA LLC boosted its position in Phillips 66 by 7,549.0% during the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after purchasing an additional 2,467,316 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analyst Upgrades and Downgrades

PSX has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Bank of America initiated coverage on shares of Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target on the stock. Barclays lowered 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 report on Monday, January 13th. Finally, Mizuho lowered their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Trading Up 2.9 %

PSX stock opened at $123.74 on Tuesday. The firm has a market cap of $51.10 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 5.64 and a beta of 1.37. The firm has a fifty day moving average price of $119.29 and a 200 day moving average price of $127.79. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX) last released its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share 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 prior year, the company earned $3.09 EPS. Sell-side analysts anticipate that Phillips 66 will post 7.14 earnings per share for the current fiscal year.

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.