Phillips 66 $PSX Shares Acquired by Nordwand Advisors LLC

Nordwand Advisors LLC increased its position in shares of Phillips 66 (NYSE:PSX) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,186 shares of the oil and gas company’s stock after purchasing an additional 4,505 shares during the period. Phillips 66 accounts for about 1.3% of Nordwand Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Nordwand Advisors LLC’s holdings in Phillips 66 were worth $7,914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PSX. Heck Capital Advisors LLC grew its holdings in Phillips 66 by 1.2% during the third quarter. Heck Capital Advisors LLC now owns 6,124 shares of the oil and gas company’s stock worth $833,000 after acquiring an additional 75 shares during the period. Magnus Financial Group LLC boosted its position in shares of Phillips 66 by 2.5% during the 3rd quarter. Magnus Financial Group LLC now owns 3,160 shares of the oil and gas company’s stock valued at $430,000 after purchasing an additional 77 shares in the last quarter. Hemington Wealth Management grew its stake in shares of Phillips 66 by 15.7% in the 3rd quarter. Hemington Wealth Management now owns 576 shares of the oil and gas company’s stock worth $78,000 after purchasing an additional 78 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of Phillips 66 by 1.9% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,297 shares of the oil and gas company’s stock worth $584,000 after purchasing an additional 79 shares in the last quarter. Finally, CWC Advisors LLC. lifted its stake in Phillips 66 by 0.6% during the third quarter. CWC Advisors LLC. now owns 13,351 shares of the oil and gas company’s stock valued at $1,816,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Down 1.2%

NYSE PSX opened at $138.27 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $145.68. The firm’s fifty day simple moving average is $136.07 and its 200-day simple moving average is $132.10. The company has a market capitalization of $55.71 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 0.38 and a beta of 0.90.

Phillips 66 (NYSE:PSX) last issued its earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.38. Phillips 66 had a return on equity of 5.53% and a net margin of 1.12%.The firm had revenue of $33.69 billion for the quarter, compared to the consensus estimate of $32.29 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. As a group, sell-side analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Phillips 66 in a research report on Wednesday, October 8th. Citigroup lifted their target price on Phillips 66 from $137.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Jefferies Financial Group upped their target price on Phillips 66 from $133.00 to $137.00 and gave the company a “hold” rating in a report on Friday, October 10th. Wells Fargo & Company lifted their price target on Phillips 66 from $154.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, BMO Capital Markets raised their target price on shares of Phillips 66 from $152.00 to $160.00 in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Phillips 66 presently has a consensus rating of “Hold” and a consensus price target of $150.41.

Insider Activity at Phillips 66

In other Phillips 66 news, EVP Vanessa Allen Sutherland sold 4,394 shares of Phillips 66 stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $145.00, for a total value of $637,130.00. Following the completion of the sale, the executive vice president directly owned 30,193 shares in the company, valued at $4,377,985. The trade was a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin J. Mitchell sold 30,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $138.00, for a total transaction of $4,140,000.00. Following the transaction, the chief financial officer owned 89,771 shares in the company, valued at approximately $12,388,398. This trade represents a 25.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 86,094 shares of company stock valued at $11,955,366. 0.22% of the stock is owned by corporate insiders.

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.