Choreo LLC Purchases 6,497 Shares of Phillips 66 (NYSE:PSX)

Choreo LLC increased its position in Phillips 66 (NYSE:PSX) by 37.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,075 shares of the oil and gas company’s stock after acquiring an additional 6,497 shares during the quarter. Choreo LLC’s holdings in Phillips 66 were worth $2,706,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PSX. Czech National Bank raised its holdings in Phillips 66 by 5.5% in the 3rd quarter. Czech National Bank now owns 85,266 shares of the oil and gas company’s stock worth $11,208,000 after acquiring an additional 4,477 shares during the period. Atomi Financial Group Inc. raised its holdings in Phillips 66 by 6.9% in the 3rd quarter. Atomi Financial Group Inc. now owns 5,800 shares of the oil and gas company’s stock worth $762,000 after acquiring an additional 374 shares during the period. Future Financial Wealth Managment LLC bought a new position in Phillips 66 in the 3rd quarter worth $59,000. CWM LLC raised its holdings in Phillips 66 by 23.0% in the 3rd quarter. CWM LLC now owns 28,618 shares of the oil and gas company’s stock worth $3,762,000 after acquiring an additional 5,350 shares during the period. Finally, Sanibel Captiva Trust Company Inc. grew its position in Phillips 66 by 3.0% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 6,869 shares of the oil and gas company’s stock worth $903,000 after purchasing an additional 203 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PSX shares. Mizuho decreased 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 report on Monday, December 16th. Barclays decreased 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 research report on Monday, January 13th. StockNews.com lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Company raised their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, UBS Group decreased their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Price Performance

NYSE:PSX opened at $120.71 on Friday. The firm 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 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $119.81 and its two-hundred day moving average price is $128.11.

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 analysts’ consensus estimates 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 last year, the business earned $3.09 earnings per share. On average, equities analysts anticipate that Phillips 66 will post 7.57 EPS for the current fiscal year.

Phillips 66 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.