Gilliland Jeter Wealth Management LLC Reduces Stake in Phillips 66 (NYSE:PSX)

Gilliland Jeter Wealth Management LLC cut its holdings in shares of Phillips 66 (NYSE:PSX) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,318 shares of the oil and gas company’s stock after selling 335 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Phillips 66 were worth $264,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Phillips 66 in the 3rd quarter worth approximately $26,000. Values First Advisors Inc. bought a new position in Phillips 66 in the third quarter worth $30,000. Stephens Consulting LLC boosted its holdings in shares of Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 111 shares in the last quarter. Webster Bank N. A. increased its stake in shares of Phillips 66 by 48.4% in the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 88 shares in the last quarter. Finally, YANKCOM Partnership purchased a new position in Phillips 66 during the 4th quarter valued at about $31,000. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PSX has been the subject of a number of analyst reports. 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 note on Monday, November 4th. StockNews.com lowered Phillips 66 from a “hold” rating to a “sell” rating in a research report on Wednesday. Scotiabank dropped their target price on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Mizuho dropped their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Barclays cut their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

Phillips 66 Stock Down 2.1 %

Phillips 66 stock opened at $120.71 on Friday. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The stock has a fifty day moving average of $119.81 and a 200 day moving average of $128.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The stock has a market cap of $49.85 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 3.89 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter in the previous year, the business posted $3.09 EPS. As a group, sell-side analysts predict that Phillips 66 will post 7.57 EPS 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.