Manning & Napier Advisors LLC Sells 4,103 Shares of Phillips 66 (NYSE:PSX)

Manning & Napier Advisors LLC trimmed its position in Phillips 66 (NYSE:PSX - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,135 shares of the oil and gas company's stock after selling 4,103 shares during the period. Manning & Napier Advisors LLC's holdings in Phillips 66 were worth $13,117,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PSX. Advisory Alpha LLC grew its position in Phillips 66 by 4.8% in the second quarter. Advisory Alpha LLC now owns 1,648 shares of the oil and gas company's stock worth $233,000 after buying an additional 76 shares during the last quarter. Krane Funds Advisors LLC grew its holdings in shares of Phillips 66 by 3.6% in the 3rd quarter. Krane Funds Advisors LLC now owns 2,350 shares of the oil and gas company's stock worth $309,000 after acquiring an additional 82 shares during the last quarter. Richwood Investment Advisors LLC raised its position in shares of Phillips 66 by 1.9% during the third quarter. Richwood Investment Advisors LLC now owns 4,580 shares of the oil and gas company's stock worth $602,000 after purchasing an additional 85 shares during the period. Webster Bank N. A. lifted its holdings in shares of Phillips 66 by 48.4% during the fourth 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 last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its position in shares of Phillips 66 by 0.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company's stock valued at $2,307,000 after purchasing an additional 89 shares during the period. 76.93% of the stock is owned by institutional investors.

Phillips 66 Stock Down 1.0 %

Phillips 66 stock traded down $1.25 during mid-day trading on Thursday, hitting $120.91. 1,123,072 shares of the company's stock were exchanged, compared to its average volume of 2,668,103. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The stock has a 50 day moving average of $121.08 and a two-hundred day moving average of $128.77. The stock has a market cap of $49.94 billion, a P/E ratio of 15.52, a P/E/G ratio of 3.78 and a beta of 1.38. 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 issued its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.41. The business had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm's revenue was down 10.3% compared to the same quarter last year. During the same period last year, the business earned $4.63 EPS. As a group, analysts anticipate that Phillips 66 will post 6.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Bank of America assumed coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They set a "buy" rating and a $156.00 price objective for the company. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Mizuho lowered their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Piper Sandler lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Finally, Wells Fargo & Company lowered their price target on Phillips 66 from $167.00 to $161.00 and set an "overweight" rating on the stock in a report on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average 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.