Teamwork Financial Advisors LLC Sells 458 Shares of Phillips 66 (NYSE:PSX)

Teamwork Financial Advisors LLC reduced its holdings in shares of Phillips 66 (NYSE:PSX) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,719 shares of the oil and gas company’s stock after selling 458 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Phillips 66 were worth $424,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PSX. XTX Topco Ltd bought a new position in shares of Phillips 66 in the second quarter worth about $534,000. Pacer Advisors Inc. increased its position in Phillips 66 by 4.8% during the 2nd quarter. Pacer Advisors Inc. now owns 34,272 shares of the oil and gas company’s stock worth $4,838,000 after purchasing an additional 1,573 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Phillips 66 by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,496 shares of the oil and gas company’s stock valued at $635,000 after purchasing an additional 179 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Phillips 66 by 55.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 81,954 shares of the oil and gas company’s stock valued at $11,569,000 after buying an additional 29,260 shares in the last quarter. Finally, Sfmg LLC grew its stake in shares of Phillips 66 by 12.9% during the second quarter. Sfmg LLC now owns 1,605 shares of the oil and gas company’s stock worth $227,000 after buying an additional 184 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Down 1.6 %

Shares of NYSE:PSX opened at $118.55 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08. The business’s 50 day simple moving average is $121.95 and its two-hundred day simple moving average is $129.24. The firm has a market cap of $48.96 billion, a P/E ratio of 15.22, a PEG ratio of 3.84 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last issued its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. The company had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. Phillips 66’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the business earned $4.63 EPS. As a group, research analysts forecast that Phillips 66 will post 6.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PSX. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Scotiabank cut their target price on shares of 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. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. JPMorgan Chase & Co. cut their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Finally, Mizuho decreased their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average target price of $147.93.

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.