Phillips 66 (NYSE:PSX) Shares Sold by UMB Bank n.a.

UMB Bank n.a. trimmed its holdings in Phillips 66 (NYSE:PSX) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,935 shares of the oil and gas company’s stock after selling 2,496 shares during the quarter. UMB Bank n.a.’s holdings in Phillips 66 were worth $4,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in Phillips 66 during the third quarter valued at approximately $26,000. Values First Advisors Inc. acquired a new stake in shares of Phillips 66 during the 3rd quarter valued at $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Phillips 66 during the 3rd quarter worth $40,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Phillips 66 in the 2nd quarter worth $51,000. Finally, Hoese & Co LLP raised its position in shares of Phillips 66 by 33.1% during the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 100 shares during the period. Institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

PSX has been the subject of a number of recent analyst reports. Mizuho decreased their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Scotiabank dropped their target price on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. 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 research report on Friday, January 3rd. Finally, Barclays reduced their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Stock Performance

PSX stock opened at $120.64 on Tuesday. The firm has a 50 day moving average of $122.47 and a two-hundred day moving average of $129.59. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a market capitalization of $49.82 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 3.17 and a beta of 1.38. 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 (NYSE:PSX) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter in the prior year, the company posted $4.63 EPS. The firm’s revenue was down 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Phillips 66 will post 7.22 EPS for the current fiscal year.

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.