Nvwm LLC Sells 3,885 Shares of Phillips 66 (NYSE:PSX)

Nvwm LLC decreased its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 47.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,370 shares of the oil and gas company's stock after selling 3,885 shares during the quarter. Nvwm LLC's holdings in Phillips 66 were worth $498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Confluence Wealth Services Inc. increased its holdings in Phillips 66 by 1.7% in the fourth quarter. Confluence Wealth Services Inc. now owns 6,741 shares of the oil and gas company's stock valued at $827,000 after purchasing an additional 114 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Phillips 66 by 24.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,705 shares of the oil and gas company's stock valued at $4,803,000 after buying an additional 8,517 shares during the last quarter. Virginia Wealth Management Group Inc. increased its stake in shares of Phillips 66 by 0.8% in the fourth quarter. Virginia Wealth Management Group Inc. now owns 30,313 shares of the oil and gas company's stock valued at $3,454,000 after buying an additional 246 shares during the period. Hager Investment Management Services LLC bought a new position in shares of Phillips 66 during the fourth quarter worth about $153,000. Finally, Stephens Consulting LLC lifted its stake in shares of Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 111 shares during the period. Institutional investors own 76.93% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on PSX shares. Mizuho decreased their target price on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Wolfe Research raised shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. Bank of America assumed coverage on shares of Phillips 66 in a report on Thursday, October 17th. They issued a "buy" rating and a $156.00 target price on the stock. Wells Fargo & Company increased their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, StockNews.com downgraded Phillips 66 from a "hold" rating to a "sell" rating in a research note on Wednesday. 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $148.00.

Phillips 66 Stock Down 0.3 %

PSX stock traded down $0.37 during midday trading on Friday, reaching $120.45. 2,260,980 shares of the company's stock traded hands, compared to its average volume of 3,149,718. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The company has a market cap of $49.74 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 5.64 and a beta of 1.37. The firm's fifty day moving average price is $119.29 and its 200-day moving average price is $127.86. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period last year, the company posted $3.09 EPS. As a group, sell-side analysts forecast that Phillips 66 will post 7.14 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.