Compass Wealth Management LLC Has $366,000 Stock Position in Phillips 66 $PSX

Compass Wealth Management LLC cut its stake in shares of Phillips 66 (NYSE:PSX) by 93.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,691 shares of the oil and gas company’s stock after selling 36,501 shares during the period. Compass Wealth Management LLC’s holdings in Phillips 66 were worth $366,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PSX. Brighton Jones LLC boosted its stake in shares of Phillips 66 by 238.5% during the fourth quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock valued at $1,166,000 after purchasing an additional 7,214 shares in the last quarter. Woodline Partners LP raised its holdings in Phillips 66 by 40.7% in the 1st quarter. Woodline Partners LP now owns 34,891 shares of the oil and gas company’s stock valued at $4,308,000 after buying an additional 10,089 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Phillips 66 by 14.5% during the 2nd quarter. Perigon Wealth Management LLC now owns 3,723 shares of the oil and gas company’s stock worth $444,000 after buying an additional 471 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in Phillips 66 by 0.3% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 248,902 shares of the oil and gas company’s stock worth $29,694,000 after acquiring an additional 833 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in Phillips 66 by 114.7% in the 2nd quarter. Sound Income Strategies LLC now owns 1,595 shares of the oil and gas company’s stock valued at $190,000 after acquiring an additional 852 shares during the period. 76.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Phillips 66

In related news, EVP Brian Mandell sold 25,500 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $140.04, for a total value of $3,571,020.00. Following the completion of the sale, the executive vice president directly owned 56,838 shares of the company’s stock, valued at $7,959,593.52. The trade was a 30.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $145.00, for a total value of $637,130.00. Following the completion of the transaction, the executive vice president owned 30,193 shares in the company, valued at approximately $4,377,985. The trade was a 12.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 86,094 shares of company stock valued at $11,955,366. Corporate insiders own 0.22% of the company’s stock.

Phillips 66 Price Performance

Shares of PSX opened at $140.42 on Tuesday. The firm has a market cap of $56.58 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 0.40 and a beta of 0.90. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $146.88. The business’s 50 day moving average price is $136.20 and its two-hundred day moving average price is $132.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.23.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.38. Phillips 66 had a net margin of 1.12% and a return on equity of 5.53%. The company had revenue of $33.69 billion during the quarter, compared to analyst estimates of $32.29 billion. During the same quarter in the previous year, the business posted $2.04 EPS. On average, equities analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PSX shares. The Goldman Sachs Group lifted their price target on shares of Phillips 66 from $152.00 to $164.00 and gave the stock a “neutral” rating in a report on Thursday, January 22nd. Scotiabank reaffirmed a “sector perform” rating and set a $140.00 target price on shares of Phillips 66 in a report on Friday, January 16th. JPMorgan Chase & Co. lowered their price objective on Phillips 66 from $154.00 to $151.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Wall Street Zen cut Phillips 66 from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Citigroup increased their target price on shares of Phillips 66 from $137.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, Phillips 66 presently has an average rating of “Hold” and an average target price of $153.53.

Phillips 66 Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.