Clarius Group LLC Has $328,000 Stock Position in Phillips 66 (NYSE:PSX)

Clarius Group LLC trimmed its stake in Phillips 66 (NYSE:PSX) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,881 shares of the oil and gas company’s stock after selling 363 shares during the quarter. Clarius Group LLC’s holdings in Phillips 66 were worth $328,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

PSX has been the topic of several research analyst reports. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Mizuho cut their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wells Fargo & Company reduced their price objective on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. JPMorgan Chase & Co. dropped their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Finally, Bank of America began coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target on the stock. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Trading Up 0.8 %

Shares of PSX stock opened at $120.64 on Monday. The stock has a market cap of $49.82 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 3.17 and a beta of 1.38. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. 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 stock has a 50 day simple moving average of $122.47 and a 200 day simple moving average of $129.66.

Phillips 66 (NYSE:PSX) last released its 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. The company had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. Phillips 66’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $4.63 EPS. On average, research analysts predict that Phillips 66 will post 7.22 earnings per share for the current fiscal year.

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.