Missouri Trust & Investment Co Cuts Holdings in Phillips 66 (NYSE:PSX)

Missouri Trust & Investment Co lowered its holdings in Phillips 66 (NYSE:PSX) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 749 shares of the oil and gas company’s stock after selling 96 shares during the quarter. Missouri Trust & Investment Co’s holdings in Phillips 66 were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PSX. Van ECK Associates Corp lifted its stake in Phillips 66 by 263.3% during the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after acquiring an additional 60,355 shares during the period. Everence Capital Management Inc. purchased a new position in shares of Phillips 66 during the fourth quarter valued at approximately $3,033,000. Mizuho Securities USA LLC lifted its position in Phillips 66 by 7,549.0% during the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock valued at $328,625,000 after purchasing an additional 2,467,316 shares during the period. Nwam LLC bought a new stake in Phillips 66 in the 3rd quarter worth approximately $498,000. Finally, Annex Advisory Services LLC raised its stake in Phillips 66 by 25.7% during the 4th quarter. Annex Advisory Services LLC now owns 162,922 shares of the oil and gas company’s stock valued at $18,562,000 after buying an additional 33,290 shares during the last quarter. 76.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

PSX has been the topic of a number of research reports. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Bank of America started coverage on Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price on the stock. Scotiabank lowered their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. 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 report on Monday, January 13th. Finally, Mizuho reduced their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average target price of $147.93.

Phillips 66 Trading Down 0.1 %

Phillips 66 stock opened at $120.38 on Wednesday. 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’s 50 day moving average price is $122.33 and its 200-day moving average price is $129.45. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The stock has a market cap of $49.72 billion, a P/E ratio of 15.45, a PEG ratio of 3.84 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last announced its 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 business had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. During the same quarter last year, the firm earned $4.63 EPS. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, equities analysts predict that Phillips 66 will post 6.41 earnings per share for the current fiscal year.

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.