Quotient Wealth Partners LLC Has $4.06 Million Stock Holdings in Phillips 66 (NYSE:PSX)

Quotient Wealth Partners LLC reduced its holdings in Phillips 66 (NYSE:PSX) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 35,674 shares of the oil and gas company’s stock after selling 1,690 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Phillips 66 were worth $4,064,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PSX. nVerses Capital LLC bought a new position in shares of Phillips 66 during the third quarter worth about $26,000. Stephens Consulting LLC raised its holdings in Phillips 66 by 83.5% during 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 during the last quarter. Values First Advisors Inc. acquired a new position in shares of Phillips 66 in the 3rd quarter worth approximately $30,000. Webster Bank N. A. boosted its stake in shares of Phillips 66 by 48.4% in 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, YANKCOM Partnership acquired a new stake in shares of Phillips 66 during the fourth quarter worth $31,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 0.3 %

Shares of NYSE PSX opened at $120.45 on Friday. The firm has a fifty day simple moving average of $119.29 and a two-hundred day simple moving average of $127.93. The firm has a market capitalization of $49.74 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 5.64 and a beta of 1.37. 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.

Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share 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 period in the previous year, the company posted $3.09 EPS. Equities analysts expect that Phillips 66 will post 7.14 earnings per share for the current year.

Analysts Set New Price Targets

PSX has been the subject of a number of recent analyst reports. StockNews.com downgraded Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday. Mizuho cut their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Barclays cut their target price on shares of 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, UBS Group dropped their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and an average target price 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.