First National Bank of Mount Dora Trust Investment Services Decreases Stock Position in Phillips 66 (NYSE:PSX)

First National Bank of Mount Dora Trust Investment Services cut its stake in Phillips 66 (NYSE:PSX) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 10,757 shares of the oil and gas company’s stock after selling 249 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Phillips 66 were worth $1,226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PSX. nVerses Capital LLC purchased a new stake in Phillips 66 during the 3rd quarter worth about $26,000. Values First Advisors Inc. purchased a new stake in Phillips 66 during the 3rd quarter worth about $30,000. Point72 Hong Kong Ltd purchased a new stake in Phillips 66 during the 3rd quarter worth about $40,000. Strategic Investment Solutions Inc. IL purchased a new stake in Phillips 66 during the 2nd quarter worth about $51,000. Finally, Hoese & Co LLP lifted its holdings in Phillips 66 by 33.1% during the 3rd quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock worth $53,000 after buying an additional 100 shares during the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Phillips 66 Stock Performance

Shares of PSX stock opened at $120.64 on Friday. The stock has a market capitalization of $49.82 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 3.17 and a beta of 1.38. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08. The stock’s 50-day moving average price is $122.59 and its 200 day moving average price is $129.88. 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 issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. During the same quarter in the previous year, the firm posted $4.63 EPS. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. As a group, equities research analysts forecast that Phillips 66 will post 7.22 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, December 9th. 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 report on Friday, January 3rd. UBS Group reduced their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Bank of America started coverage on Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price for the company. Finally, Mizuho reduced their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Company 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.