Capital Financial Planning LLC Takes $45,000 Position in Phillips 66 (NYSE:PSX)

Capital Financial Planning LLC purchased a new stake in Phillips 66 (NYSE:PSX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 519 shares of the oil and gas company’s stock, valued at approximately $45,000.

Other large investors have also recently added to or reduced their stakes in the company. Covington Capital Management lifted its position in Phillips 66 by 2.1% during the 4th quarter. Covington Capital Management now owns 6,536 shares of the oil and gas company’s stock worth $563,000 after buying an additional 135 shares in the last quarter. Hancock Whitney Corp raised its holdings in Phillips 66 by 2.1% during the 4th quarter. Hancock Whitney Corp now owns 63,939 shares of the oil and gas company’s stock worth $5,509,000 after purchasing an additional 1,293 shares during the last quarter. Legal & General Group Plc raised its holdings in Phillips 66 by 9.2% during the 4th quarter. Legal & General Group Plc now owns 2,868,515 shares of the oil and gas company’s stock worth $247,040,000 after purchasing an additional 241,481 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Phillips 66 by 5.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 270,202 shares of the oil and gas company’s stock worth $23,278,000 after purchasing an additional 13,498 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in Phillips 66 by 3.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 44,135 shares of the oil and gas company’s stock worth $3,802,000 after purchasing an additional 1,479 shares during the last quarter. 71.30% of the stock is currently owned by institutional investors.

Several analysts have weighed in on the company. Jefferies Financial Group cut Phillips 66 from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $105.00 to $107.00 in a report on Monday. Tudor Pickering raised Phillips 66 from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Phillips 66 in a research note on Thursday, January 10th. Argus lowered their price target on Phillips 66 to $116.00 and set a “buy” rating for the company in a research note on Thursday, February 14th. Finally, Citigroup upped their price target on Phillips 66 from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Phillips 66 has an average rating of “Hold” and an average target price of $120.18.

NYSE PSX traded down $0.93 during trading hours on Monday, reaching $96.24. 1,887,759 shares of the company’s stock were exchanged, compared to its average volume of 2,655,567. Phillips 66 has a one year low of $78.44 and a one year high of $123.97. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.48. The stock has a market cap of $44.76 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.46 and a beta of 0.94.

Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, February 8th. The oil and gas company reported $4.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $2.11. Phillips 66 had a return on equity of 21.71% and a net margin of 4.90%. The business had revenue of $29.84 billion during the quarter, compared to analysts’ expectations of $35.51 billion. During the same period in the prior year, the business earned $1.07 EPS. On average, analysts predict that Phillips 66 will post 7.95 EPS for the current year.

In other Phillips 66 news, Chairman Greg C. Garland sold 42,728 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $97.61, for a total transaction of $4,170,680.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

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Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market; provides terminaling and storage services for crude oil and 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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