Universal Beteiligungs und Servicegesellschaft mbH Acquires 10,749 Shares of Phillips 66 $PSX

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Phillips 66 (NYSE:PSX) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 230,421 shares of the oil and gas company’s stock after purchasing an additional 10,749 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Phillips 66 were worth $31,342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chicago Partners Investment Group LLC grew its position in shares of Phillips 66 by 42.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,375 shares of the oil and gas company’s stock worth $1,520,000 after buying an additional 3,371 shares during the period. Huntleigh Advisors Inc. boosted its stake in Phillips 66 by 3.9% during the third quarter. Huntleigh Advisors Inc. now owns 17,991 shares of the oil and gas company’s stock worth $2,447,000 after acquiring an additional 667 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in Phillips 66 by 62.2% in the third quarter. Joel Isaacson & Co. LLC now owns 5,217 shares of the oil and gas company’s stock worth $710,000 after purchasing an additional 2,000 shares during the period. Waldron Private Wealth LLC increased its stake in Phillips 66 by 4.2% in the third quarter. Waldron Private Wealth LLC now owns 3,240 shares of the oil and gas company’s stock valued at $441,000 after purchasing an additional 132 shares in the last quarter. Finally, First Interstate Bank raised its holdings in shares of Phillips 66 by 619.2% during the third quarter. First Interstate Bank now owns 13,938 shares of the oil and gas company’s stock valued at $1,896,000 after purchasing an additional 12,000 shares during the period. 76.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Vanessa Allen Sutherland sold 4,394 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $145.00, for a total value of $637,130.00. Following the transaction, the executive vice president owned 30,193 shares in the company, valued at $4,377,985. The trade was a 12.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin J. Mitchell sold 30,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $138.00, for a total value of $4,140,000.00. Following the sale, the chief financial officer directly owned 89,771 shares of the company’s stock, valued at $12,388,398. The trade was a 25.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 86,094 shares of company stock worth $11,955,366. 0.22% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on PSX shares. Wells Fargo & Company raised their target price on Phillips 66 from $154.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Zacks Research downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Mizuho upped their target price on Phillips 66 from $150.00 to $152.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Scotiabank reissued a “sector perform” rating and issued a $140.00 price target on shares of Phillips 66 in a research report on Friday, January 16th. Finally, Raymond James Financial lowered their price objective on shares of Phillips 66 from $169.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $150.41.

Phillips 66 Trading Up 0.2%

NYSE PSX opened at $141.98 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $136.14 and a 200 day simple moving average of $132.32. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $145.68. The firm has a market capitalization of $57.21 billion, a P/E ratio of 38.79, a PEG ratio of 0.40 and a beta of 0.90.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.38. The firm had revenue of $33.69 billion for the quarter, compared to the consensus estimate of $32.29 billion. Phillips 66 had a net margin of 1.12% and a return on equity of 5.53%. During the same period in the previous year, the firm earned $2.04 EPS. On average, analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.