Phillips 66 (NYSE:PSX) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lowered its position in shares of Phillips 66 (NYSE:PSX) by 3.0% in the 4th quarter, Holdings Channel reports. The fund owned 37,994 shares of the oil and gas company’s stock after selling 1,171 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Phillips 66 were worth $4,329,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of Phillips 66 during the third quarter valued at approximately $26,000. Stephens Consulting LLC increased its stake in shares of Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 111 shares during the period. Values First Advisors Inc. acquired a new stake in Phillips 66 in the third quarter worth approximately $30,000. Webster Bank N. A. boosted its stake in Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 88 shares in the last quarter. Finally, YANKCOM Partnership acquired a new position in shares of Phillips 66 during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on PSX shares. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 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 note on Monday, November 4th. Mizuho cut their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. 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 target on the stock. Finally, StockNews.com lowered Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Trading Down 0.3 %

NYSE PSX opened at $120.45 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The firm’s fifty day simple moving average is $119.29 and its 200-day simple moving average is $127.93. The company has a market capitalization of $49.74 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 5.64 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the previous year, the company earned $3.09 EPS. As a group, sell-side analysts anticipate that Phillips 66 will post 7.14 earnings per share for the current fiscal year.

About Phillips 66

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.