Symphony Financial Ltd. Co. Reduces Holdings in Phillips 66 (NYSE:PSX)

Symphony Financial Ltd. Co. lowered its position in Phillips 66 (NYSE:PSX) by 3.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,936 shares of the oil and gas company’s stock after selling 167 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Phillips 66 were worth $595,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of Phillips 66 by 263.3% in the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock worth $10,753,000 after buying an additional 60,355 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Phillips 66 during the 4th quarter valued at $3,033,000. Donoghue Forlines LLC bought a new position in shares of Phillips 66 in the fourth quarter worth $1,438,000. Mizuho Securities USA LLC raised its position in shares of Phillips 66 by 7,549.0% in the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after buying an additional 2,467,316 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its stake in Phillips 66 by 25.7% during the fourth 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 period. 76.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. 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 research note on Monday, January 13th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. Scotiabank cut their price target on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. UBS Group lowered their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Bank of America initiated coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price for the company. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Stock Performance

NYSE:PSX opened at $117.24 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. The business has a 50 day moving average price of $120.54 and a 200-day moving average price of $128.56. The firm has a market cap of $48.42 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 4.03 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. During the same quarter in the previous year, the firm posted $3.09 EPS. Equities research analysts predict that Phillips 66 will post 6.27 earnings per share for the current year.

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.