Baldwin Wealth Partners LLC MA Trims Stake in Phillips 66 (NYSE:PSX)

Baldwin Wealth Partners LLC MA lessened its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 57.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,223 shares of the oil and gas company's stock after selling 2,983 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Phillips 66 were worth $253,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in shares of Phillips 66 during the 3rd quarter valued at $26,000. Values First Advisors Inc. bought a new position in Phillips 66 in the third quarter valued at about $30,000. Webster Bank N. A. grew its stake in shares of Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 88 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Phillips 66 during the 3rd quarter valued at about $40,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Phillips 66 in the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Price Performance

Shares of NYSE:PSX traded down $3.60 during mid-day trading on Friday, reaching $117.24. The stock had a trading volume of 7,166,046 shares, compared to its average volume of 3,011,904. The company has a market cap of $48.42 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 4.03 and a beta of 1.38. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The business's 50 day moving average price is $120.86 and its 200 day moving average price is $128.72. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. During the same quarter in the prior year, the firm posted $3.09 earnings per share. Research analysts expect that Phillips 66 will post 6.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on PSX shares. Piper Sandler lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Wells Fargo & Company reduced their price target on Phillips 66 from $167.00 to $161.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. UBS Group lowered their price objective on Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Scotiabank decreased their target price on shares of Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Finally, Bank of America assumed coverage on shares of Phillips 66 in a report on Thursday, October 17th. They set a "buy" rating and a $156.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.93.

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.