RPG Investment Advisory LLC grew its stake in Phillips 66 (NYSE:PSX) by 221.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 642 shares of the oil and gas company’s stock after purchasing an additional 442 shares during the quarter. RPG Investment Advisory LLC’s holdings in Phillips 66 were worth $61,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of PSX. Moody National Bank Trust Division increased its position in Phillips 66 by 425.4% during the fourth quarter. Moody National Bank Trust Division now owns 352 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 285 shares during the period. Proficio Capital Partners LLC increased its position in Phillips 66 by 46.1% during the fourth quarter. Proficio Capital Partners LLC now owns 434 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 137 shares during the period. FNY Investment Advisers LLC bought a new position in Phillips 66 during the fourth quarter worth about $37,000. Truehand Inc bought a new position in Phillips 66 during the fourth quarter worth about $40,000. Finally, Massey Quick Simon & CO. LLC bought a new position in Phillips 66 during the fourth quarter worth about $41,000. 71.30% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the stock. Jefferies Financial Group lowered shares of Phillips 66 from a “buy” rating to a “hold” rating and raised their price target for the stock from $105.00 to $107.00 in a research report on Monday. Citigroup raised their price target on shares of Phillips 66 from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Argus lowered their price target on shares of Phillips 66 to $116.00 and set a “buy” rating on the stock in a research report on Thursday, February 14th. Tudor Pickering raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Phillips 66 in a research report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Phillips 66 currently has a consensus rating of “Hold” and an average target price of $120.18.
Phillips 66 stock traded down $0.93 during trading hours on Monday, reaching $96.24. 1,887,759 shares of the stock were exchanged, compared to its average volume of 2,655,567. The company has a market capitalization of $44.76 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.46 and a beta of 0.94. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.41. Phillips 66 has a twelve month low of $78.44 and a twelve month high of $123.97.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, February 8th. The oil and gas company reported $4.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $2.11. The firm had revenue of $29.84 billion for the quarter, compared to the consensus estimate of $35.51 billion. Phillips 66 had a net margin of 4.90% and a return on equity of 21.71%. During the same period in the prior year, the company posted $1.07 earnings per share. On average, sell-side analysts expect that Phillips 66 will post 7.95 earnings per share for the current year.
In other Phillips 66 news, Chairman Greg C. Garland sold 42,728 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $97.61, for a total transaction of $4,170,680.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.
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Phillips 66 Profile
Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market; provides terminaling and storage services for crude oil and 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.
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