Phillips 66 (NYSE:PSX) Shares Sold by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC lowered its position in shares of Phillips 66 (NYSE:PSX) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,220 shares of the oil and gas company’s stock after selling 192 shares during the quarter. Phillips 66 makes up approximately 1.0% of Moser Wealth Advisors LLC’s holdings, making the stock its 24th biggest holding. Moser Wealth Advisors LLC’s holdings in Phillips 66 were worth $1,962,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its stake in shares of Phillips 66 by 23.0% during the 3rd quarter. CWM LLC now owns 28,618 shares of the oil and gas company’s stock valued at $3,762,000 after acquiring an additional 5,350 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Phillips 66 by 12.8% during the third quarter. Valeo Financial Advisors LLC now owns 14,527 shares of the oil and gas company’s stock worth $1,910,000 after purchasing an additional 1,647 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in shares of Phillips 66 by 8.3% in the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,623 shares of the oil and gas company’s stock valued at $345,000 after purchasing an additional 202 shares during the last quarter. Gateway Investment Advisers LLC grew its stake in shares of Phillips 66 by 36.5% during the 3rd quarter. Gateway Investment Advisers LLC now owns 13,771 shares of the oil and gas company’s stock valued at $1,810,000 after buying an additional 3,679 shares during the period. Finally, Carnegie Investment Counsel grew its stake in shares of Phillips 66 by 1.8% during the 3rd quarter. Carnegie Investment Counsel now owns 22,788 shares of the oil and gas company’s stock valued at $2,995,000 after buying an additional 398 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PSX has been the topic of several research reports. Mizuho reduced their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company lifted their price objective on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. UBS Group dropped their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. StockNews.com downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Bank of America began coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Stock Down 0.3 %

Shares of NYSE PSX opened at $120.45 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The stock’s 50-day simple moving average is $119.29 and its 200-day simple moving average is $127.93. The firm has a market cap of $49.74 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 5.64 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (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 company earned $3.09 EPS. As a group, equities analysts anticipate that Phillips 66 will post 7.14 earnings per share for the current fiscal year.

About Phillips 66

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.