Phillips 66 (NYSE:PSX) Holdings Trimmed by Fmr LLC

FMR LLC lessened its stake in Phillips 66 (NYSE:PSX) by 21.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,260,757 shares of the oil and gas company’s stock after selling 3,099,365 shares during the quarter. FMR LLC owned about 2.44% of Phillips 66 worth $970,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of PSX. Oregon Public Employees Retirement Fund grew its position in shares of Phillips 66 by 3,775.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,647,103 shares of the oil and gas company’s stock worth $54,000 after buying an additional 4,527,183 shares during the period. LSV Asset Management grew its position in shares of Phillips 66 by 96.9% during the 4th quarter. LSV Asset Management now owns 3,201,428 shares of the oil and gas company’s stock worth $275,803,000 after buying an additional 1,575,744 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Phillips 66 during the 3rd quarter worth approximately $110,916,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Phillips 66 by 7.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,645,296 shares of the oil and gas company’s stock worth $1,175,542,000 after buying an additional 958,545 shares during the period. Finally, Vanguard Group Inc grew its position in shares of Phillips 66 by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 32,998,567 shares of the oil and gas company’s stock worth $3,719,598,000 after buying an additional 885,979 shares during the period. Hedge funds and other institutional investors own 71.30% of the company’s stock.

PSX traded down $1.04 during trading on Friday, reaching $95.42. The company had a trading volume of 2,400,062 shares, compared to its average volume of 2,135,397. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.48. Phillips 66 has a 12 month low of $78.44 and a 12 month high of $123.97. The firm 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.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, February 8th. The oil and gas company reported $4.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.76 by $2.11. Phillips 66 had a net margin of 4.90% and a return on equity of 21.71%. The firm had revenue of $29.84 billion for the quarter, compared to analyst estimates of $35.51 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, sell-side analysts anticipate that Phillips 66 will post 7.63 earnings per share for the current fiscal year.

In other Phillips 66 news, Chairman Greg C. Garland sold 42,728 shares of Phillips 66 stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $97.61, for a total value of $4,170,680.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Several equities research analysts have recently commented on the stock. Argus lowered their price target on shares of Phillips 66 to $116.00 and set a “buy” rating for the company in a research report on Thursday, February 14th. ValuEngine lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Citigroup lifted their price objective on shares of Phillips 66 from $100.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Raymond James reduced their price objective on shares of Phillips 66 from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, December 31st. Finally, Jefferies Financial Group lowered shares of Phillips 66 from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $105.00 to $107.00 in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $120.18.

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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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