First Hawaiian Bank Has $876,000 Stake in Phillips 66 (NYSE:PSX)

First Hawaiian Bank trimmed its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 41.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,692 shares of the oil and gas company's stock after selling 5,356 shares during the quarter. First Hawaiian Bank's holdings in Phillips 66 were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PSX. nVerses Capital LLC bought a new position in Phillips 66 in the 3rd quarter valued at $26,000. Values First Advisors Inc. acquired a new stake in Phillips 66 in the third quarter worth about $30,000. Point72 Hong Kong Ltd acquired a new position in Phillips 66 during the 3rd quarter valued at about $40,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Phillips 66 in the 2nd quarter valued at about $51,000. Finally, Hoese & Co LLP grew its position in shares of Phillips 66 by 33.1% during the 3rd quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company's stock worth $53,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 76.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler set a $144.00 price target on shares of Phillips 66 in a research report on Thursday, October 17th. Wells Fargo & Company cut their target price on Phillips 66 from $167.00 to $161.00 and set an "overweight" rating on the stock in a research note on Monday, December 9th. Morgan Stanley decreased their price target on shares of Phillips 66 from $150.00 to $144.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. JPMorgan Chase & Co. cut their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 2nd. Finally, UBS Group decreased their target price on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $148.57.

Phillips 66 Stock Performance

Shares of PSX stock traded down $2.30 during trading on Friday, reaching $113.95. 4,525,787 shares of the company's stock were exchanged, compared to its average volume of 2,833,011. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The firm's fifty day moving average price is $123.10 and its 200-day moving average price is $130.43. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $47.06 billion, a PE ratio of 14.63, a PEG ratio of 4.06 and a beta of 1.38.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company's quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.63 earnings per share. As a group, sell-side analysts anticipate that Phillips 66 will post 7.56 EPS 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.