State of Alaska Department of Revenue Sells 14,997 Shares of Phillips 66 (NYSE:PSX)

State of Alaska Department of Revenue reduced its position in Phillips 66 (NYSE:PSX) by 24.2% during the fourth quarter, HoldingsChannel reports. The firm owned 47,086 shares of the oil and gas company’s stock after selling 14,997 shares during the period. State of Alaska Department of Revenue’s holdings in Phillips 66 were worth $5,364,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PSX. CWM LLC increased its stake in Phillips 66 by 23.0% in the third quarter. CWM LLC now owns 28,618 shares of the oil and gas company’s stock valued at $3,762,000 after purchasing an additional 5,350 shares in the last quarter. Sanibel Captiva Trust Company Inc. grew its stake in shares of 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 valued at $903,000 after buying an additional 203 shares during the period. Hoese & Co LLP increased its position in Phillips 66 by 33.1% in the 3rd quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock valued at $53,000 after buying an additional 100 shares in the last quarter. San Luis Wealth Advisors LLC raised its stake in Phillips 66 by 101.1% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 5,153 shares of the oil and gas company’s stock worth $677,000 after buying an additional 2,590 shares during the period. Finally, CCM Investment Advisers LLC boosted its holdings in Phillips 66 by 15.9% in the third quarter. CCM Investment Advisers LLC now owns 105,150 shares of the oil and gas company’s stock worth $13,822,000 after acquiring an additional 14,425 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. UBS Group reduced their price objective 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. Wells Fargo & Company lifted their price target on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Mizuho lowered their price objective 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. StockNews.com downgraded Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Barclays dropped their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Phillips 66 has a consensus rating of “Moderate Buy” and an average target price of $148.00.

Phillips 66 Stock Down 0.3 %

Shares of NYSE:PSX opened at $120.45 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $119.56 and a two-hundred day simple moving average of $128.06. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The stock has a market capitalization of $49.74 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 3.89 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (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 prior year, the company posted $3.09 earnings per share. On average, research analysts anticipate that Phillips 66 will post 7.57 earnings per share for the current fiscal year.

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.