Fractal Investments LLC Sells 677 Shares of Phillips 66 (NYSE:PSX)

Fractal Investments LLC lowered its holdings in Phillips 66 (NYSE:PSX) by 27.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,823 shares of the oil and gas company’s stock after selling 677 shares during the quarter. Fractal Investments LLC’s holdings in Phillips 66 were worth $208,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PSX. Silver Oak Securities Incorporated boosted its position in Phillips 66 by 46.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 2,135 shares of the oil and gas company’s stock valued at $239,000 after acquiring an additional 678 shares in the last quarter. Elm3 Financial Group LLC bought a new stake in Phillips 66 during the fourth quarter valued at about $556,000. YANKCOM Partnership purchased a new position in Phillips 66 in the fourth quarter valued at about $31,000. Tyche Wealth Partners LLC raised its holdings in Phillips 66 by 12.7% in the fourth quarter. Tyche Wealth Partners LLC now owns 7,317 shares of the oil and gas company’s stock worth $834,000 after purchasing an additional 825 shares in the last quarter. Finally, Choreo LLC lifted its position in shares of Phillips 66 by 37.0% during the fourth quarter. Choreo LLC now owns 24,075 shares of the oil and gas company’s stock valued at $2,706,000 after buying an additional 6,497 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PSX has been the subject of several recent analyst reports. StockNews.com downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Company raised their price objective on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday. Scotiabank reduced their target price on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. UBS Group dropped their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average target price of $148.00.

Phillips 66 Stock Performance

PSX opened at $123.31 on Thursday. The stock has a market cap of $50.93 billion, a P/E ratio of 24.96, a P/E/G ratio of 3.89 and a beta of 1.37. 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 firm has a fifty day moving average price of $119.81 and a 200 day moving average price of $128.11. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08.

Phillips 66 (NYSE:PSX) last announced 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 last year, the company earned $3.09 EPS. Equities research analysts anticipate that Phillips 66 will post 7.57 earnings per share for the current 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.