Haverford Trust Co Trims Stock Holdings in Phillips 66 (NYSE:PSX)

Haverford Trust Co lowered its stake in shares of Phillips 66 (NYSE:PSX) by 5.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 12,278 shares of the oil and gas company’s stock after selling 721 shares during the period. Haverford Trust Co’s holdings in Phillips 66 were worth $2,005,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Pittenger & Anderson Inc. raised its stake in shares of Phillips 66 by 33.4% during the 1st quarter. Pittenger & Anderson Inc. now owns 1,403 shares of the oil and gas company’s stock valued at $229,000 after buying an additional 351 shares during the last quarter. Consolidated Planning Corp raised its stake in shares of Phillips 66 by 86.5% during the 1st quarter. Consolidated Planning Corp now owns 3,799 shares of the oil and gas company’s stock valued at $620,000 after buying an additional 1,762 shares during the last quarter. Lincoln National Corp raised its stake in shares of Phillips 66 by 11.7% during the 1st quarter. Lincoln National Corp now owns 23,922 shares of the oil and gas company’s stock valued at $3,907,000 after buying an additional 2,511 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in shares of Phillips 66 by 104.4% during the 1st quarter. Fidelis Capital Partners LLC now owns 5,524 shares of the oil and gas company’s stock valued at $902,000 after buying an additional 2,821 shares during the last quarter. Finally, Goelzer Investment Management Inc. raised its stake in shares of Phillips 66 by 23.4% during the 1st quarter. Goelzer Investment Management Inc. now owns 2,505 shares of the oil and gas company’s stock valued at $409,000 after buying an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, EVP Timothy D. Roberts sold 37,742 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $145.80, for a total value of $5,502,783.60. Following the sale, the executive vice president now owns 48,365 shares of the company’s stock, valued at $7,051,617. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by corporate insiders.

Phillips 66 Price Performance

Shares of Phillips 66 stock traded down $2.45 on Monday, hitting $135.95. 1,611,451 shares of the company were exchanged, compared to its average volume of 2,747,251. The stock has a market capitalization of $57.64 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 2.10 and a beta of 1.34. The company has a 50-day moving average price of $141.28 and a 200 day moving average price of $145.12. Phillips 66 has a 1-year low of $98.65 and a 1-year high of $174.08. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.58.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.15). The company had revenue of $36.44 billion for the quarter, compared to analyst estimates of $35.87 billion. Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. During the same quarter in the prior year, the firm earned $4.21 earnings per share. As a group, sell-side analysts predict that Phillips 66 will post 10.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Scotiabank lifted their price objective on Phillips 66 from $148.00 to $156.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Wells Fargo & Company lifted their price target on Phillips 66 from $179.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. The Goldman Sachs Group lifted their price target on Phillips 66 from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Barclays cut their price target on Phillips 66 from $147.00 to $142.00 and set an “equal weight” rating for the company in a research note on Monday, July 1st. Finally, Argus restated a “buy” rating and issued a $167.00 price target on shares of Phillips 66 in a research note on Thursday, May 30th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.07.

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.