Moloney Securities Asset Management LLC Cuts Stock Position in Phillips 66 (NYSE:PSX)

Moloney Securities Asset Management LLC lessened its holdings in Phillips 66 (NYSE:PSX) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,451 shares of the oil and gas company’s stock after selling 130 shares during the period. Moloney Securities Asset Management LLC’s holdings in Phillips 66 were worth $279,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Counterweight Ventures LLC increased its position in shares of Phillips 66 by 1.6% during the 4th quarter. Counterweight Ventures LLC now owns 11,550 shares of the oil and gas company’s stock valued at $1,316,000 after purchasing an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in Phillips 66 by 3.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 34,915 shares of the oil and gas company’s stock valued at $3,978,000 after buying an additional 1,057 shares during the period. Kingsview Wealth Management LLC grew its stake in Phillips 66 by 0.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 40,795 shares of the oil and gas company’s stock worth $4,648,000 after purchasing an additional 281 shares in the last quarter. Apollon Wealth Management LLC grew its position in shares of Phillips 66 by 24.1% during the 4th quarter. Apollon Wealth Management LLC now owns 13,866 shares of the oil and gas company’s stock worth $1,580,000 after buying an additional 2,697 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its position in Phillips 66 by 5.4% during the 4th quarter. Cidel Asset Management Inc. now owns 6,571 shares of the oil and gas company’s stock valued at $749,000 after purchasing an additional 338 shares during the period. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

PSX opened at $123.74 on Tuesday. The firm has a market capitalization of $51.10 billion, a PE ratio of 25.05, a PEG ratio of 5.64 and a beta of 1.37. 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 twelve month low of $108.90 and a twelve month high of $174.08. The firm’s 50-day moving average price is $119.29 and its 200 day moving average price is $127.79.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results 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 posted $3.09 EPS. As a group, sell-side analysts expect that Phillips 66 will post 7.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group decreased their price objective on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. 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. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Barclays dropped their target price on 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, Wells Fargo & Company lifted their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.