Monument Capital Management Sells 1,547 Shares of Phillips 66 (NYSE:PSX)

Monument Capital Management lessened its holdings in shares of Phillips 66 (NYSE:PSX) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,444 shares of the oil and gas company’s stock after selling 1,547 shares during the quarter. Monument Capital Management’s holdings in Phillips 66 were worth $3,176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PSX. Ables Iannone Moore & Associates Inc. bought a new stake in Phillips 66 in the 4th quarter worth approximately $27,000. First United Bank & Trust bought a new stake in Phillips 66 in the 4th quarter worth approximately $31,000. Signature Resources Capital Management LLC bought a new stake in Phillips 66 in the 4th quarter worth approximately $33,000. Bruce G. Allen Investments LLC bought a new stake in Phillips 66 in the 4th quarter worth approximately $36,000. Finally, Gladius Capital Management LP bought a new position in shares of Phillips 66 during the 4th quarter valued at approximately $36,000. Institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PSX shares. Barclays cut their target price on Phillips 66 from $147.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Monday. Scotiabank boosted their target price on Phillips 66 from $148.00 to $156.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. cut their target price on Phillips 66 from $165.00 to $162.00 and set an “overweight” rating on the stock in a research report on Tuesday. Mizuho cut their target price on Phillips 66 from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Finally, TD Cowen dropped their price objective on Phillips 66 from $164.00 to $155.00 and set a “buy” rating for the company in a report on Friday, June 21st. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.07.

Phillips 66 Stock Down 0.5 %

Shares of PSX stock traded down $0.67 during mid-day trading on Wednesday, hitting $139.80. The stock had a trading volume of 461,453 shares, compared to its average volume of 2,764,272. Phillips 66 has a 12-month low of $94.51 and a 12-month high of $174.08. The firm has a market capitalization of $59.27 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 2.12 and a beta of 1.34. The firm’s 50-day moving average is $142.22 and its two-hundred day moving average is $144.98. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.17 and a quick ratio of 0.82.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.15). The firm had revenue of $36.44 billion during the quarter, compared to analysts’ expectations of $35.87 billion. Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. During the same quarter in the prior year, the company posted $4.21 earnings per share. On average, analysts predict that Phillips 66 will post 10.99 earnings per share for the current fiscal year.

Insider Transactions at Phillips 66

In other news, EVP Timothy D. Roberts sold 37,742 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $145.80, for a total value of $5,502,783.60. Following the completion of the transaction, the executive vice president now directly owns 48,365 shares of the company’s stock, valued at approximately $7,051,617. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.22% of the company’s stock.

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.