Telos Capital Management Inc. Purchases 267 Shares of Phillips 66 (NYSE:PSX)

Telos Capital Management Inc. increased its stake in Phillips 66 (NYSE:PSXFree Report) by 0.6% in the third quarter, Holdings Channel.com reports. The firm owned 44,915 shares of the oil and gas company’s stock after purchasing an additional 267 shares during the quarter. Telos Capital Management Inc.’s holdings in Phillips 66 were worth $5,397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its stake in shares of Phillips 66 by 5.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 38,065 shares of the oil and gas company’s stock worth $4,574,000 after buying an additional 1,954 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Phillips 66 by 5.3% during the 3rd quarter. New Mexico Educational Retirement Board now owns 23,828 shares of the oil and gas company’s stock worth $2,863,000 after buying an additional 1,200 shares during the last quarter. Wisconsin Capital Management LLC boosted its stake in shares of Phillips 66 by 3.3% during the 3rd quarter. Wisconsin Capital Management LLC now owns 27,295 shares of the oil and gas company’s stock worth $3,279,000 after buying an additional 875 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Phillips 66 by 0.3% during the 3rd quarter. Wealthfront Advisers LLC now owns 47,771 shares of the oil and gas company’s stock worth $5,740,000 after buying an additional 155 shares during the last quarter. Finally, Websterrogers Financial Advisors LLC acquired a new position in shares of Phillips 66 during the 3rd quarter worth about $249,000. 71.83% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Down 0.9 %

Phillips 66 stock opened at $128.27 on Thursday. The stock has a market cap of $56.43 billion, a P/E ratio of 7.74, a P/E/G ratio of 1.64 and a beta of 1.37. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.58. Phillips 66 has a twelve month low of $89.74 and a twelve month high of $138.06. The company’s 50-day moving average price is $126.75 and its two-hundred day moving average price is $117.41.

Phillips 66 (NYSE:PSXGet Free Report) last announced its earnings results on Friday, October 27th. The oil and gas company reported $4.63 EPS for the quarter, missing the consensus estimate of $4.78 by ($0.15). Phillips 66 had a return on equity of 23.32% and a net margin of 5.05%. During the same quarter in the prior year, the firm earned $6.46 EPS. As a group, analysts expect that Phillips 66 will post 15.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PSX shares. Raymond James increased their price objective on shares of Phillips 66 from $128.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 19th. StockNews.com downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. TD Cowen upped their target price on shares of Phillips 66 from $134.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Tudor, Pickering, Holt & Co. raised shares of Phillips 66 from a “hold” rating to a “buy” rating and upped their target price for the company from $115.00 to $130.00 in a report on Monday, October 30th. Finally, Mizuho dropped their target price on shares of Phillips 66 from $131.00 to $116.00 and set a “neutral” rating on the stock in a report on Friday, October 6th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Phillips 66 has a consensus rating of “Moderate Buy” and an average target price of $135.29.

Get Our Latest Analysis on Phillips 66

Insider Transactions at Phillips 66

In other news, CFO Kevin J. Mitchell sold 31,700 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $130.21, for a total transaction of $4,127,657.00. Following the transaction, the chief financial officer now directly owns 103,351 shares of the company’s stock, valued at $13,457,333.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Kevin J. Mitchell sold 31,700 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $130.21, for a total transaction of $4,127,657.00. Following the sale, the chief financial officer now owns 103,351 shares in the company, valued at approximately $13,457,333.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joseph Scott Pruitt sold 1,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $133.23, for a total transaction of $133,230.00. Following the sale, the vice president now owns 6,593 shares in the company, valued at approximately $878,385.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,653 shares of company stock valued at $5,462,808. 4.57% of the stock is currently owned by company insiders.

Phillips 66 Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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