Teamwork Financial Advisors LLC Sells 458 Shares of Phillips 66 (NYSE:PSX)

Teamwork Financial Advisors LLC reduced its holdings in Phillips 66 (NYSE:PSX) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,719 shares of the oil and gas company’s stock after selling 458 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Phillips 66 were worth $424,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. XTX Topco Ltd bought a new position in Phillips 66 during the 2nd quarter worth about $534,000. Pacer Advisors Inc. raised its position in Phillips 66 by 4.8% in the 2nd quarter. Pacer Advisors Inc. now owns 34,272 shares of the oil and gas company’s stock valued at $4,838,000 after buying an additional 1,573 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Phillips 66 by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,496 shares of the oil and gas company’s stock valued at $635,000 after acquiring an additional 179 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Phillips 66 by 55.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 81,954 shares of the oil and gas company’s stock valued at $11,569,000 after acquiring an additional 29,260 shares in the last quarter. Finally, Sfmg LLC boosted its position in Phillips 66 by 12.9% during the 2nd quarter. Sfmg LLC now owns 1,605 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 184 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Price Performance

Shares of Phillips 66 stock opened at $118.55 on Thursday. The company has a 50-day simple moving average of $121.95 and a two-hundred day simple moving average of $129.24. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The stock has a market capitalization of $48.96 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 3.84 and a beta of 1.38. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. The company had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.63 earnings per share. Analysts forecast that Phillips 66 will post 6.41 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on PSX shares. Bank of America started coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price objective on the stock. UBS Group lowered their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Friday, January 3rd. Finally, Wells Fargo & Company dropped their price objective on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Company 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.