Phillips 66 (NYSE:PSX) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC cut its position in shares of Phillips 66 (NYSE:PSX) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,842 shares of the oil and gas company’s stock after selling 300 shares during the period. Radnor Capital Management LLC’s holdings in Phillips 66 were worth $210,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PSX. nVerses Capital LLC acquired a new position in shares of Phillips 66 during the 3rd quarter valued at $26,000. Values First Advisors Inc. acquired a new position in shares of Phillips 66 during the third quarter worth about $30,000. Point72 Hong Kong Ltd purchased a new stake in shares of Phillips 66 in the third quarter worth about $40,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Phillips 66 in the second quarter valued at about $51,000. Finally, Hoese & Co LLP raised its holdings in shares of Phillips 66 by 33.1% during the 3rd quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock valued at $53,000 after buying an additional 100 shares during the period. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PSX. Wells Fargo & Company decreased their price target on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Bank of America started coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 price target on the stock. Barclays decreased their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Price Performance

Shares of PSX opened at $119.68 on Friday. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. 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 has a market cap of $49.43 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 3.17 and a beta of 1.38. The stock has a 50 day moving average of $122.73 and a 200-day moving average of $129.95.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.63 earnings per share. As a group, analysts forecast that Phillips 66 will post 7.22 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.