Nvwm LLC Has $498,000 Stake in Phillips 66 (NYSE:PSX)

Nvwm LLC reduced its stake in shares of Phillips 66 (NYSE:PSX) by 47.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,370 shares of the oil and gas company’s stock after selling 3,885 shares during the quarter. Nvwm LLC’s holdings in Phillips 66 were worth $498,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in shares of Phillips 66 by 263.3% during the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after buying an additional 60,355 shares during the period. Everence Capital Management Inc. acquired a new stake in Phillips 66 during the fourth quarter valued at $3,033,000. Donoghue Forlines LLC acquired a new stake in Phillips 66 during the fourth quarter valued at $1,438,000. Mizuho Securities USA LLC grew its stake in Phillips 66 by 7,549.0% in the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock valued at $328,625,000 after purchasing an additional 2,467,316 shares in the last quarter. Finally, Smith Group Asset Management LLC acquired a new position in Phillips 66 in the 4th quarter worth about $1,149,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Stock Down 0.2 %

Shares of PSX stock opened at $123.31 on Thursday. The stock has a 50 day moving average of $120.01 and a 200-day moving average of $128.15. The firm has a market cap of $50.93 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 3.89 and a beta of 1.37. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter in the prior year, the company earned $3.09 earnings per share. On average, equities analysts predict that Phillips 66 will post 7.57 EPS for the current year.

Analyst Upgrades and Downgrades

PSX has been the subject of several recent research reports. Barclays lowered their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. Bank of America started coverage on shares of Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 price target on the stock. Scotiabank decreased their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, UBS Group lowered their target price 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

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.