Phillips 66 (NYSE:PSX) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lessened its stake in Phillips 66 (NYSE:PSX) by 25.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,799 shares of the oil and gas company’s stock after selling 1,288 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Phillips 66 were worth $433,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Phillips 66 in the third quarter valued at approximately $26,000. Values First Advisors Inc. purchased a new position in shares of Phillips 66 during the 3rd quarter valued at approximately $30,000. Point72 Hong Kong Ltd acquired a new position in shares of Phillips 66 in the 3rd quarter valued at $40,000. Strategic Investment Solutions Inc. IL purchased a new stake in Phillips 66 during the second quarter worth $51,000. Finally, Hoese & Co LLP grew its position in Phillips 66 by 33.1% during the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock valued at $53,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

NYSE:PSX opened at $119.68 on Friday. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The stock has a market cap of $49.43 billion, a PE ratio of 15.36, a P/E/G ratio of 3.17 and a beta of 1.38. 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 stock has a 50 day moving average price of $122.73 and a 200 day moving average price of $129.95.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping 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 business had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. During the same quarter in the previous year, the firm earned $4.63 EPS. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. Equities research analysts expect that Phillips 66 will post 7.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PSX shares. Wells Fargo & Company lowered their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. UBS Group cut their price objective on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Barclays decreased their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Finally, Scotiabank dropped their target price on shares of 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. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.93.

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.