Phillips 66 (NYSE:PSX) Shares Sold by Schear Investment Advisers LLC

Schear Investment Advisers LLC reduced its position in shares of Phillips 66 (NYSE:PSX) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,368 shares of the oil and gas company’s stock after selling 554 shares during the period. Schear Investment Advisers LLC’s holdings in Phillips 66 were worth $726,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp boosted its stake in shares of Phillips 66 by 263.3% in the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after purchasing an additional 60,355 shares during the period. Flavin Financial Services Inc. purchased a new position in Phillips 66 in the 4th quarter valued at approximately $1,190,000. Everence Capital Management Inc. acquired a new position in shares of Phillips 66 in the fourth quarter worth $3,033,000. Donoghue Forlines LLC purchased a new stake in shares of Phillips 66 during the fourth quarter worth $1,438,000. Finally, Mizuho Securities USA LLC raised its stake in shares of Phillips 66 by 7,549.0% in the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock valued at $328,625,000 after acquiring an additional 2,467,316 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Up 4.9 %

Shares of NYSE PSX opened at $129.74 on Wednesday. The stock has a market cap of $53.58 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 5.64 and a beta of 1.37. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08. The business has a 50-day moving average price of $119.04 and a 200 day moving average price of $127.66. 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 announced its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) 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 quarter in the previous year, the business earned $3.09 EPS. Equities research analysts forecast that Phillips 66 will post 7.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company boosted their target price on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Mizuho lowered their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, UBS Group dropped their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

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.