Actinver Wealth Management Inc. Buys Shares of 4,239 Phillips 66 (PSX)

Actinver Wealth Management Inc. bought a new stake in Phillips 66 (NYSE:PSX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,239 shares of the oil and gas company’s stock, valued at approximately $351,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moody National Bank Trust Division raised its position in shares of Phillips 66 by 425.4% in the 4th quarter. Moody National Bank Trust Division now owns 352 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 285 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Phillips 66 by 46.1% in the 4th quarter. Proficio Capital Partners LLC now owns 434 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 137 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Phillips 66 in the 4th quarter valued at approximately $37,000. Truehand Inc bought a new stake in shares of Phillips 66 in the 4th quarter valued at approximately $40,000. Finally, Massey Quick Simon & CO. LLC bought a new stake in shares of Phillips 66 in the 4th quarter valued at approximately $41,000. 71.30% of the stock is currently owned by institutional investors.

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

A number of brokerages have recently weighed in on PSX. Argus lowered their price target on Phillips 66 to $116.00 and set a “buy” rating for the company in a report on Thursday, February 14th. ValuEngine downgraded Phillips 66 from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Citigroup boosted their price target on Phillips 66 from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Raymond James lowered their price target on Phillips 66 from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, December 31st. Finally, Jefferies Financial Group downgraded Phillips 66 from a “buy” rating to a “hold” rating and boosted their price target for the company from $105.00 to $107.00 in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Phillips 66 presently has a consensus rating of “Hold” and a consensus target price of $120.18.

PSX traded down $1.04 during trading on Friday, reaching $95.42. 2,400,062 shares of the company were exchanged, compared to its average volume of 2,135,397. The company has a market cap of $43.35 billion, a P/E ratio of 8.15, a PEG ratio of 1.47 and a beta of 0.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.48 and a quick ratio of 1.08. Phillips 66 has a 52 week low of $78.44 and a 52 week high of $123.97.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, February 8th. The oil and gas company reported $4.87 EPS for the quarter, topping the Zacks’ consensus estimate of $2.76 by $2.11. The firm had revenue of $29.84 billion during the quarter, compared to the consensus estimate of $35.51 billion. Phillips 66 had a return on equity of 21.71% and a net margin of 4.90%. During the same period in the prior year, the business earned $1.07 EPS. As a group, research analysts anticipate that Phillips 66 will post 7.63 earnings per share for the current year.

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About Phillips 66

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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