Phillips 66 (NYSE:PSX) Shares Sold by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. trimmed its position in shares of Phillips 66 (NYSE:PSX) by 8.8% during the fourth quarter, HoldingsChannel reports. The fund owned 6,743 shares of the oil and gas company’s stock after selling 654 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Phillips 66 were worth $768,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Bank of America began coverage on Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price objective on the stock. Mizuho dropped their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. UBS Group dropped their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Barclays dropped their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Phillips 66 Price Performance

Shares of NYSE PSX opened at $129.74 on Wednesday. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The business has a 50-day moving average of $119.04 and a 200-day moving average of $127.66. 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 company has a market capitalization of $53.58 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 5.64 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate 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 company posted $3.09 earnings per share. On average, equities analysts anticipate that Phillips 66 will post 7.14 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.