Stock Yards Bank & Trust Co. Sells 3,358 Shares of Phillips 66 (NYSE:PSX)

Stock Yards Bank & Trust Co. reduced its position in Phillips 66 (NYSE:PSX) by 14.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,410 shares of the oil and gas company’s stock after selling 3,358 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Phillips 66 were worth $2,211,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PSX. Western Pacific Wealth Management LP raised its stake in shares of Phillips 66 by 211.8% in the fourth quarter. Western Pacific Wealth Management LP now owns 2,635 shares of the oil and gas company’s stock worth $300,000 after purchasing an additional 1,790 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Phillips 66 by 6.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,634 shares of the oil and gas company’s stock worth $1,667,000 after purchasing an additional 855 shares during the period. Osborne Partners Capital Management LLC grew its position in Phillips 66 by 1.6% during the fourth quarter. Osborne Partners Capital Management LLC now owns 66,518 shares of the oil and gas company’s stock valued at $7,578,000 after buying an additional 1,026 shares during the period. DAVENPORT & Co LLC raised its holdings in Phillips 66 by 1.1% in the 4th quarter. DAVENPORT & Co LLC now owns 23,793 shares of the oil and gas company’s stock worth $2,711,000 after purchasing an additional 249 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Phillips 66 by 7.9% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,781 shares of the oil and gas company’s stock worth $203,000 after buying an additional 131 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on PSX. Wells Fargo & Company boosted their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday. Mizuho reduced their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. UBS Group lowered their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research 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 objective for the company in a report on Friday, January 3rd. Finally, Barclays lowered their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Five research analysts have rated the stock with 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 target price of $148.00.

Phillips 66 Stock Performance

NYSE:PSX opened at $117.85 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The firm has a market cap of $48.67 billion, a PE ratio of 23.86, a P/E/G ratio of 3.89 and a beta of 1.37. The firm has a 50 day simple moving average of $120.54 and a 200-day simple moving average of $128.39. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the previous year, the business posted $3.09 EPS. On average, equities analysts expect that Phillips 66 will post 7.57 EPS 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.