Phillips 66 (NYSE:PSX) Shares Sold by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. cut its stake in Phillips 66 (NYSE:PSX) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,520 shares of the oil and gas company’s stock after selling 184 shares during the quarter. First Fiduciary Investment Counsel Inc.’s holdings in Phillips 66 were worth $6,211,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Phillips 66 in the 3rd quarter valued at $26,000. Stephens Consulting LLC lifted its stake in Phillips 66 by 83.5% during the 4th 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 in the last quarter. Values First Advisors Inc. acquired a new stake in Phillips 66 in the 3rd quarter valued at about $30,000. Webster Bank N. A. raised its position in Phillips 66 by 48.4% in the 4th 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 in the last quarter. Finally, YANKCOM Partnership acquired a new stake in Phillips 66 in the 4th quarter valued at about $31,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Performance

Phillips 66 stock opened at $123.74 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The stock has a fifty day moving average of $119.29 and a two-hundred day moving average of $127.79. The company has a market capitalization of $51.10 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 5.64 and a beta of 1.37. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the previous year, the company posted $3.09 EPS. On average, analysts anticipate that Phillips 66 will post 7.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com lowered Phillips 66 from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Mizuho reduced their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Barclays reduced their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Phillips 66 has a consensus rating of “Moderate Buy” and an average target price of $148.00.

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.