Phillips 66 (NYSE:PSX) Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. trimmed its stake in Phillips 66 (NYSE:PSX) by 14.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,549 shares of the oil and gas company’s stock after selling 1,837 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Phillips 66 were worth $1,202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PSX. Czech National Bank raised its holdings in Phillips 66 by 5.5% during the 3rd quarter. Czech National Bank now owns 85,266 shares of the oil and gas company’s stock worth $11,208,000 after buying an additional 4,477 shares during the period. Quent Capital LLC increased its position in shares of Phillips 66 by 11.1% in the third quarter. Quent Capital LLC now owns 2,251 shares of the oil and gas company’s stock worth $296,000 after acquiring an additional 224 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Phillips 66 by 21.5% during the third quarter. GAMMA Investing LLC now owns 8,343 shares of the oil and gas company’s stock valued at $1,097,000 after acquiring an additional 1,479 shares during the period. WealthBridge Capital Management LLC boosted its stake in Phillips 66 by 40.7% in the 3rd quarter. WealthBridge Capital Management LLC now owns 2,895 shares of the oil and gas company’s stock worth $381,000 after purchasing an additional 838 shares during the period. Finally, Azzad Asset Management Inc. ADV grew its position in Phillips 66 by 8.7% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 20,600 shares of the oil and gas company’s stock worth $2,708,000 after purchasing an additional 1,654 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group reduced their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Wells Fargo & Company reduced their price objective on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Bank of America assumed coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target for the company. Finally, Scotiabank lowered their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Phillips 66 has a consensus rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 Stock Performance

PSX opened at $117.24 on Monday. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The stock has a 50-day moving average of $120.54 and a 200-day moving average of $128.48. The company has a market cap of $48.42 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 3.89 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) EPS for the quarter, missing analysts’ consensus estimates 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 prior year, the business earned $3.09 earnings per share. As a group, equities research analysts forecast that Phillips 66 will post 7.57 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.