Phillips 66 (NYSE:PSX) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its holdings in shares of Phillips 66 (NYSE:PSX) by 8.6% during the fourth quarter, Holdings Channel reports. The firm owned 19,075 shares of the oil and gas company’s stock after selling 1,796 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Phillips 66 were worth $2,173,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PSX. Evergreen Capital Management LLC raised its holdings in shares of Phillips 66 by 4.1% during the second quarter. Evergreen Capital Management LLC now owns 4,496 shares of the oil and gas company’s stock worth $635,000 after purchasing an additional 179 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Phillips 66 by 55.5% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 81,954 shares of the oil and gas company’s stock worth $11,569,000 after acquiring an additional 29,260 shares during the last quarter. Sfmg LLC grew its position in shares of Phillips 66 by 12.9% during the second 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. Insigneo Advisory Services LLC grew its position in shares of Phillips 66 by 13.3% during the second quarter. Insigneo Advisory Services LLC now owns 3,088 shares of the oil and gas company’s stock worth $407,000 after acquiring an additional 363 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Phillips 66 by 6.4% during the second quarter. AQR Capital Management LLC now owns 372,992 shares of the oil and gas company’s stock worth $52,099,000 after acquiring an additional 22,531 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Performance

NYSE:PSX opened at $122.62 on Friday. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $121.95 and a 200-day moving average of $129.24. The firm has a market cap of $50.64 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 3.84 and a beta of 1.38.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Bank of America began coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 price target for the company. UBS Group decreased their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Scotiabank decreased their target price on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.93.

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.