GW Henssler & Associates Ltd. Has $1.20 Million Position in Phillips 66 (NYSE:PSX)

GW Henssler & Associates Ltd. trimmed its stake in Phillips 66 (NYSE:PSX) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,549 shares of the oil and gas company’s stock after selling 1,837 shares during the period. GW Henssler & Associates Ltd.’s holdings in Phillips 66 were worth $1,202,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PSX. Van ECK Associates Corp lifted its stake in shares of Phillips 66 by 263.3% during the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after acquiring an additional 60,355 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Phillips 66 in the 4th quarter valued at about $3,033,000. Donoghue Forlines LLC bought a new position in Phillips 66 during the fourth quarter worth $1,438,000. Mizuho Securities USA LLC lifted its holdings in Phillips 66 by 7,549.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after purchasing an additional 2,467,316 shares during the last quarter. Finally, Annex Advisory Services LLC grew its position in shares of Phillips 66 by 25.7% during the 4th quarter. Annex Advisory Services LLC now owns 162,922 shares of the oil and gas company’s stock worth $18,562,000 after purchasing an additional 33,290 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Down 3.0 %

Shares of NYSE:PSX opened at $117.24 on Monday. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08. The stock’s 50-day simple moving average is $120.54 and its two-hundred day simple moving average is $128.48. The stock has a market capitalization of $48.42 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 3.89 and a beta of 1.37. 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 (NYSE:PSX) last released its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 quarter in the previous year, the company posted $3.09 earnings per share. Analysts expect that Phillips 66 will post 7.57 EPS for the current year.

Wall Street Analysts Forecast Growth

PSX has been the subject of several research analyst reports. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Bank of America began coverage on Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 price target on the stock. Wells Fargo & Company dropped their price objective on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Barclays reduced their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Scotiabank lowered their price target on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.93.

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.