ORG Wealth Partners LLC Sells 339 Shares of Phillips 66 (NYSE:PSX)

ORG Wealth Partners LLC lowered its holdings in shares of Phillips 66 (NYSE:PSX) by 59.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 230 shares of the oil and gas company’s stock after selling 339 shares during the period. ORG Wealth Partners LLC’s holdings in Phillips 66 were worth $26,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in shares of Phillips 66 during the third quarter valued at about $26,000. Values First Advisors Inc. purchased a new stake in Phillips 66 during the 3rd quarter valued at about $30,000. Point72 Hong Kong Ltd bought a new position in Phillips 66 during the 3rd quarter worth approximately $40,000. Strategic Investment Solutions Inc. IL purchased a new position in Phillips 66 in the 2nd quarter worth approximately $51,000. Finally, Hoese & Co LLP boosted its stake in shares of Phillips 66 by 33.1% during the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock valued at $53,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Phillips 66 stock opened at $113.95 on Friday. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $47.06 billion, a P/E ratio of 14.63, a PEG ratio of 4.06 and a beta of 1.38. The stock’s 50 day moving average is $123.10 and its 200 day moving average is $130.50.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company’s revenue was down 10.3% on a year-over-year basis. During the same period last year, the company earned $4.63 earnings per share. On average, equities research analysts predict that Phillips 66 will post 7.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group lowered their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Barclays reduced their price target on Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Scotiabank cut their price objective on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Piper Sandler set a $144.00 target price on Phillips 66 in a report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $148.57.

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.