Martin Capital Partners LLC Sells 14,393 Shares of Phillips 66 (NYSE:PSX)

Martin Capital Partners LLC lessened its holdings in shares of Phillips 66 (NYSE:PSX) by 59.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,833 shares of the oil and gas company’s stock after selling 14,393 shares during the quarter. Martin Capital Partners LLC’s holdings in Phillips 66 were worth $1,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. increased its stake in Phillips 66 by 1.7% during the 4th quarter. Confluence Wealth Services Inc. now owns 6,741 shares of the oil and gas company’s stock worth $827,000 after purchasing an additional 114 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Phillips 66 by 24.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,705 shares of the oil and gas company’s stock worth $4,803,000 after acquiring an additional 8,517 shares in the last quarter. Virginia Wealth Management Group Inc. raised its holdings in shares of Phillips 66 by 0.8% during the fourth quarter. Virginia Wealth Management Group Inc. now owns 30,313 shares of the oil and gas company’s stock worth $3,454,000 after acquiring an additional 246 shares during the period. Hager Investment Management Services LLC bought a new stake in Phillips 66 in the 4th quarter valued at $153,000. Finally, Stephens Consulting LLC increased its holdings in Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 111 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 commented on PSX shares. Mizuho cut their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Bank of America started coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price for the company. UBS Group cut their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company raised their price objective on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Trading Up 4.8 %

PSX stock opened at $123.58 on Wednesday. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The stock has a market cap of $51.04 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 3.89 and a beta of 1.37. The company has a fifty day moving average price of $120.01 and a two-hundred day moving average price of $128.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) 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 quarter in the prior year, the company posted $3.09 EPS. Equities analysts anticipate that Phillips 66 will post 7.57 EPS for the current year.

Phillips 66 Profile

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.