GPS Wealth Strategies Group LLC Sells 6,124 Shares of Phillips 66 (NYSE:PSX)

GPS Wealth Strategies Group LLC cut its holdings in Phillips 66 (NYSE:PSX) by 48.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,629 shares of the oil and gas company’s stock after selling 6,124 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Phillips 66 were worth $755,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp raised its holdings 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 worth $10,753,000 after buying an additional 60,355 shares during the period. Everence Capital Management Inc. purchased a new stake in Phillips 66 in the fourth quarter worth $3,033,000. Donoghue Forlines LLC bought a new stake in shares of Phillips 66 during the fourth quarter worth $1,438,000. Mizuho Securities USA LLC boosted its stake in shares of 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 valued at $328,625,000 after purchasing an additional 2,467,316 shares during the period. Finally, Annex Advisory Services LLC grew its holdings in shares of Phillips 66 by 25.7% in the fourth quarter. Annex Advisory Services LLC now owns 162,922 shares of the oil and gas company’s stock worth $18,562,000 after purchasing an additional 33,290 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Mizuho dropped their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bank of America began coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 target price on the stock. Barclays lowered their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Scotiabank cut their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Wells Fargo & Company lowered their target price on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Stock Down 3.0 %

NYSE PSX opened at $117.24 on Friday. The business has a fifty day moving average price of $120.54 and a 200 day moving average price of $128.48. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The company has a market cap of $48.42 billion, a P/E ratio of 15.05, a P/E/G ratio of 4.03 and a beta of 1.38. Phillips 66 has a one year low of $108.90 and a one year high of $174.08.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. During the same quarter in the previous year, the firm posted $3.09 EPS. Research analysts anticipate that Phillips 66 will post 6.27 EPS 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.