Stonegate Investment Group LLC Sells 2,136 Shares of Phillips 66 (NYSE:PSX)

Stonegate Investment Group LLC decreased its position in Phillips 66 (NYSE:PSX - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 511,153 shares of the oil and gas company's stock after selling 2,136 shares during the quarter. Phillips 66 makes up 1.6% of Stonegate Investment Group LLC's portfolio, making the stock its 24th biggest holding. Stonegate Investment Group LLC owned 0.12% of Phillips 66 worth $58,236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PSX. Nilsine Partners LLC grew its position in shares of Phillips 66 by 56.4% during the 4th quarter. Nilsine Partners LLC now owns 4,059 shares of the oil and gas company's stock valued at $462,000 after acquiring an additional 1,464 shares during the period. Lebenthal Global Advisors LLC lifted its position in Phillips 66 by 109.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 7,973 shares of the oil and gas company's stock valued at $908,000 after purchasing an additional 4,160 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in Phillips 66 by 18.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 4,700 shares of the oil and gas company's stock valued at $536,000 after purchasing an additional 721 shares during the period. Parsons Capital Management Inc. RI increased its position in Phillips 66 by 33.5% in the fourth quarter. Parsons Capital Management Inc. RI now owns 37,511 shares of the oil and gas company's stock worth $4,274,000 after buying an additional 9,412 shares in the last quarter. Finally, Webster Bank N. A. raised its stake in shares of Phillips 66 by 48.4% in the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock worth $31,000 after buying an additional 88 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PSX. UBS Group reduced their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Barclays decreased their price target on Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. dropped their price objective on Phillips 66 from $160.00 to $141.00 and set an "overweight" rating for the company in a research note on Wednesday, October 2nd. Mizuho decreased their target price on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Finally, Bank of America began coverage on Phillips 66 in a research note on Thursday, October 17th. They issued a "buy" rating and a $156.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.93.

Phillips 66 Price Performance

Phillips 66 stock traded down $1.95 during mid-day trading on Tuesday, reaching $121.13. 3,025,400 shares of the company's stock traded hands, compared to its average volume of 2,826,129. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The company has a market cap of $50.02 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 3.78 and a beta of 1.38. The stock has a 50 day moving average of $121.46 and a two-hundred day moving average of $128.94. 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 announced its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter last year, the firm earned $4.63 EPS. The firm's revenue for the quarter was down 10.3% compared to the same quarter last year. Equities analysts forecast that Phillips 66 will post 6.41 earnings per share 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.