Martin Capital Partners LLC Has $1.12 Million Holdings in Phillips 66 (NYSE:PSX)

Martin Capital Partners LLC decreased its holdings in Phillips 66 (NYSE:PSX) by 59.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,833 shares of the oil and gas company’s stock after selling 14,393 shares during the period. Martin Capital Partners LLC’s holdings in Phillips 66 were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Czech National Bank boosted its stake in shares of Phillips 66 by 5.5% in the third quarter. Czech National Bank now owns 85,266 shares of the oil and gas company’s stock valued at $11,208,000 after buying an additional 4,477 shares during the period. GAMMA Investing LLC raised its holdings in Phillips 66 by 21.5% in the 3rd quarter. GAMMA Investing LLC now owns 8,343 shares of the oil and gas company’s stock valued at $1,097,000 after acquiring an additional 1,479 shares in the last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of Phillips 66 by 8.7% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 20,600 shares of the oil and gas company’s stock worth $2,708,000 after purchasing an additional 1,654 shares in the last quarter. Versant Capital Management Inc raised its stake in Phillips 66 by 185.2% in the third quarter. Versant Capital Management Inc now owns 2,045 shares of the oil and gas company’s stock valued at $269,000 after purchasing an additional 1,328 shares in the last quarter. Finally, Bangor Savings Bank lifted its position in Phillips 66 by 1.3% during the third quarter. Bangor Savings Bank now owns 12,373 shares of the oil and gas company’s stock worth $1,626,000 after purchasing an additional 159 shares during the period. Institutional investors own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PSX has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Barclays lowered their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. UBS Group lowered their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Scotiabank cut their price objective on 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 analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Trading Up 4.8 %

NYSE PSX opened at $123.58 on Wednesday. The stock has a market capitalization of $51.04 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.89 and a beta of 1.37. The business has a 50 day simple moving average of $120.01 and a 200 day simple moving average of $128.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a one year low of $108.90 and a one year high of $174.08.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data 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 last year, the company posted $3.09 EPS. Research analysts expect that Phillips 66 will post 7.57 earnings per share for the current 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.