Fidelis Capital Partners LLC Grows Holdings in Phillips 66 (NYSE:PSX)

Fidelis Capital Partners LLC grew its stake in Phillips 66 (NYSE:PSXFree Report) by 104.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,524 shares of the oil and gas company’s stock after acquiring an additional 2,821 shares during the period. Fidelis Capital Partners LLC’s holdings in Phillips 66 were worth $902,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Madison Park Capital Advisors LLC raised its position in Phillips 66 by 3.0% during the first quarter. Madison Park Capital Advisors LLC now owns 2,346 shares of the oil and gas company’s stock worth $383,000 after acquiring an additional 68 shares during the last quarter. Premier Path Wealth Partners LLC raised its position in Phillips 66 by 1.6% during the first quarter. Premier Path Wealth Partners LLC now owns 4,464 shares of the oil and gas company’s stock worth $729,000 after acquiring an additional 71 shares during the last quarter. Warwick Investment Management Inc. raised its position in Phillips 66 by 3.1% during the fourth quarter. Warwick Investment Management Inc. now owns 2,395 shares of the oil and gas company’s stock worth $319,000 after acquiring an additional 73 shares during the last quarter. MV Capital Management Inc. raised its position in shares of Phillips 66 by 9.6% in the first quarter. MV Capital Management Inc. now owns 837 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 73 shares during the last quarter. Finally, HCR Wealth Advisors raised its position in shares of Phillips 66 by 2.9% in the fourth quarter. HCR Wealth Advisors now owns 2,640 shares of the oil and gas company’s stock valued at $351,000 after buying an additional 74 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Stock Down 1.4 %

NYSE PSX traded down $1.90 during trading hours on Monday, reaching $136.50. 369,114 shares of the company traded hands, compared to its average volume of 2,741,528. Phillips 66 has a 12 month low of $98.65 and a 12 month high of $174.08. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $57.87 billion, a PE ratio of 10.53, a PEG ratio of 2.10 and a beta of 1.34. The company has a 50 day moving average of $141.28 and a two-hundred day moving average of $145.12.

Phillips 66 (NYSE:PSXGet Free Report) last issued its earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). The business had revenue of $36.44 billion for the quarter, compared to analyst estimates of $35.87 billion. Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. During the same period last year, the company posted $4.21 earnings per share. As a group, equities analysts expect that Phillips 66 will post 10.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Timothy D. Roberts sold 37,742 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $145.80, for a total value of $5,502,783.60. Following the sale, the executive vice president now owns 48,365 shares of the company’s stock, valued at approximately $7,051,617. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Raymond James cut their price objective on shares of Phillips 66 from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, May 30th. Bank of America boosted their price objective on shares of Phillips 66 from $150.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. TD Cowen cut their price objective on shares of Phillips 66 from $164.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, June 21st. StockNews.com lowered shares of Phillips 66 from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of Phillips 66 from $152.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average target price of $157.07.

Get Our Latest Analysis on Phillips 66

Phillips 66 Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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