Phillips 66 (NYSE:PSX) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC reduced its stake in shares of Phillips 66 (NYSE:PSX) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,074 shares of the oil and gas company’s stock after selling 142 shares during the period. Avior Wealth Management LLC’s holdings in Phillips 66 were worth $1,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PSX. Insigneo Advisory Services LLC boosted its holdings in shares of Phillips 66 by 13.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 3,088 shares of the oil and gas company’s stock worth $407,000 after purchasing an additional 363 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Phillips 66 by 6.4% during the 2nd quarter. AQR Capital Management LLC now owns 372,992 shares of the oil and gas company’s stock worth $52,099,000 after purchasing an additional 22,531 shares during the last quarter. MBB Public Markets I LLC acquired a new position in shares of Phillips 66 during the 2nd quarter worth approximately $4,475,000. Legal & General Group Plc boosted its holdings in shares of Phillips 66 by 0.5% during the 2nd quarter. Legal & General Group Plc now owns 3,699,370 shares of the oil and gas company’s stock worth $522,240,000 after purchasing an additional 18,238 shares during the last quarter. Finally, Brick & Kyle Associates lifted its holdings in Phillips 66 by 3.0% in the second quarter. Brick & Kyle Associates now owns 54,160 shares of the oil and gas company’s stock valued at $7,646,000 after acquiring an additional 1,598 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Down 0.6 %

Phillips 66 stock opened at $121.82 on Friday. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The stock’s fifty day simple moving average is $121.81 and its 200-day simple moving average is $129.20. 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 capitalization of $50.31 billion, a P/E ratio of 15.64, a P/E/G ratio of 3.78 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. During the same quarter in the prior year, the company earned $4.63 earnings per share. The company’s revenue was down 10.3% on a year-over-year basis. As a group, equities analysts expect that Phillips 66 will post 6.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

PSX has been the topic of a number of recent analyst reports. Scotiabank decreased their price objective on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Mizuho decreased their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Bank of America initiated coverage on Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price objective on the stock. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Finally, Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.93.

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.