Phillips 66 (PSX) Position Lifted by RPG Investment Advisory LLC

RPG Investment Advisory LLC increased its position in shares of Phillips 66 (NYSE:PSX) by 221.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 642 shares of the oil and gas company’s stock after purchasing an additional 442 shares during the quarter. RPG Investment Advisory LLC’s holdings in Phillips 66 were worth $61,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of PSX. Moody National Bank Trust Division lifted its stake 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 during the last quarter. FNY Investment Advisers LLC acquired a new stake in Phillips 66 in the 4th quarter valued at about $37,000. Proficio Capital Partners LLC raised its position in 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 purchasing an additional 137 shares in the last quarter. Truehand Inc acquired a new stake in Phillips 66 in the 4th quarter valued at about $40,000. Finally, Massey Quick Simon & CO. LLC acquired a new stake in Phillips 66 in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 71.33% of the company’s stock.

In other Phillips 66 news, Chairman Greg C. Garland sold 42,728 shares of the 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Phillips 66 stock opened at $86.55 on Wednesday. Phillips 66 has a twelve month low of $78.44 and a twelve month high of $123.97. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The company has a market cap of $40.62 billion, a price-to-earnings ratio of 7.39, a P/E/G ratio of 1.41 and a beta of 0.91.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. Phillips 66 had a return on equity of 19.96% and a net margin of 4.63%. The company had revenue of $23.66 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same period last year, the firm earned $1.04 EPS. As a group, research analysts forecast that Phillips 66 will post 7.45 EPS for the current year.

A number of equities research analysts have issued reports on the company. ValuEngine lowered Phillips 66 from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Bank of America raised Phillips 66 from a “neutral” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Monday, April 29th. They noted that the move was a valuation call. Tudor Pickering upgraded Phillips 66 from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Jefferies Financial Group downgraded Phillips 66 from a “buy” rating to a “hold” rating and increased their price objective for the company from $105.00 to $107.00 in a report on Monday, April 15th. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of Phillips 66 in a report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $120.67.

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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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