Fruth Investment Management Sells 322 Shares of Phillips 66 (NYSE:PSX)

Fruth Investment Management trimmed its position in shares of Phillips 66 (NYSE:PSX) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,473 shares of the oil and gas company’s stock after selling 322 shares during the quarter. Fruth Investment Management’s holdings in Phillips 66 were worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Czech National Bank raised its holdings in Phillips 66 by 5.5% in the 3rd quarter. Czech National Bank now owns 85,266 shares of the oil and gas company’s stock worth $11,208,000 after purchasing an additional 4,477 shares during the period. Legacy Private Trust Co. boosted its holdings in shares of Phillips 66 by 13.6% during the 3rd quarter. Legacy Private Trust Co. now owns 2,134 shares of the oil and gas company’s stock valued at $281,000 after purchasing an additional 255 shares during the last quarter. Atomi Financial Group Inc. lifted its position in shares of Phillips 66 by 6.9% in the third quarter. Atomi Financial Group Inc. now owns 5,800 shares of the oil and gas company’s stock worth $762,000 after buying an additional 374 shares in the last quarter. Gratus Wealth Advisors LLC boosted its stake in Phillips 66 by 24.9% during the third quarter. Gratus Wealth Advisors LLC now owns 2,763 shares of the oil and gas company’s stock valued at $383,000 after buying an additional 550 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in Phillips 66 during the 3rd quarter valued at approximately $59,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays lowered their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. StockNews.com lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Wednesday. Mizuho reduced their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a 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 price target for the company in a report on Friday, January 3rd. Finally, Scotiabank reduced their price objective on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Trading Down 0.2 %

PSX opened at $123.31 on Thursday. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. 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 market cap of $50.93 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 3.89 and a beta of 1.37. The stock’s 50 day moving average price is $120.01 and its 200-day moving average price is $128.15.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 in the prior year, the company posted $3.09 earnings per share. On average, equities analysts forecast that Phillips 66 will post 7.57 EPS 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.