Community Bank & Trust Waco Texas Buys 395 Shares of Phillips 66 (NYSE:PSX)

Community Bank & Trust Waco Texas raised its stake in Phillips 66 (NYSE:PSX) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,523 shares of the oil and gas company’s stock after purchasing an additional 395 shares during the period. Community Bank & Trust Waco Texas’ holdings in Phillips 66 were worth $3,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PSX. nVerses Capital LLC bought a new stake in shares of Phillips 66 during the third quarter worth about $26,000. Values First Advisors Inc. bought a new stake in shares of Phillips 66 during the third quarter worth about $30,000. Stephens Consulting LLC increased its position in shares of Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 111 shares in the last quarter. Webster Bank N. A. increased its position in shares of Phillips 66 by 48.4% during the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 88 shares in the last quarter. Finally, YANKCOM Partnership bought a new stake in shares of Phillips 66 during the fourth quarter worth about $31,000. 76.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. 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 report on Monday, November 4th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Wells Fargo & Company boosted their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Barclays cut their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, StockNews.com cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Phillips 66 currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

Phillips 66 Stock Performance

Shares of PSX stock opened at $123.74 on Tuesday. The stock has a market capitalization of $51.10 billion, a P/E ratio of 25.05, a PEG ratio of 5.64 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $119.29 and its 200 day moving average is $127.79. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results 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 net margin of 1.46% and a return on equity of 8.58%. During the same quarter in the previous year, the firm earned $3.09 EPS. On average, sell-side analysts anticipate that Phillips 66 will post 7.14 earnings per share for the current year.

Phillips 66 Company 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.