Yousif Capital Management LLC Lowers Stock Position in Phillips 66 (NYSE:PSX)

Yousif Capital Management LLC lessened its stake in Phillips 66 (NYSE:PSX) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,946 shares of the oil and gas company’s stock after selling 883 shares during the period. Yousif Capital Management LLC’s holdings in Phillips 66 were worth $6,944,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PSX. nVerses Capital LLC purchased a new position in Phillips 66 in the third quarter worth $26,000. Stephens Consulting LLC boosted its holdings in shares of Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 111 shares in the last quarter. Values First Advisors Inc. bought a new position in shares of Phillips 66 during the 3rd quarter valued at about $30,000. Webster Bank N. A. increased its position in shares of Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 88 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of Phillips 66 during the 4th quarter valued at about $32,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 2.1 %

Shares of Phillips 66 stock opened at $120.71 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The company has a market cap of $49.85 billion, a P/E ratio of 24.44, a PEG ratio of 3.89 and a beta of 1.37. The company’s fifty day simple moving average is $119.81 and its two-hundred day simple moving average is $128.11.

Phillips 66 (NYSE:PSX) last released its quarterly 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 prior year, the company earned $3.09 earnings per share. Research analysts anticipate that Phillips 66 will post 7.57 EPS for the current year.

Wall Street Analyst Weigh In

PSX has been the topic of a number of recent research reports. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Bank of America assumed coverage on shares of Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday. Barclays reduced their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Phillips 66 presently 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.