Acropolis Investment Management LLC Decreases Holdings in Phillips 66 (NYSE:PSX)

Acropolis Investment Management LLC trimmed its holdings in shares of Phillips 66 (NYSE:PSX) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,150 shares of the oil and gas company’s stock after selling 128 shares during the period. Acropolis Investment Management LLC’s holdings in Phillips 66 were worth $245,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PSX. Citizens Financial Group Inc. RI increased its position in Phillips 66 by 68.2% in the second quarter. Citizens Financial Group Inc. RI now owns 3,692 shares of the oil and gas company’s stock worth $521,000 after buying an additional 1,497 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Phillips 66 by 2.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 112,280 shares of the oil and gas company’s stock worth $15,851,000 after acquiring an additional 2,582 shares during the last quarter. Argent Trust Co increased its holdings in Phillips 66 by 3.1% in the 2nd quarter. Argent Trust Co now owns 8,715 shares of the oil and gas company’s stock worth $1,230,000 after acquiring an additional 262 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Phillips 66 by 10.7% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,595 shares of the oil and gas company’s stock valued at $2,202,000 after acquiring an additional 1,504 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Phillips 66 by 6.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 36,815 shares of the oil and gas company’s stock valued at $5,023,000 after purchasing an additional 2,330 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Stock Up 1.5 %

Shares of NYSE PSX opened at $119.04 on Thursday. The business has a 50-day moving average of $122.91 and a 200-day moving average of $130.03. The firm has a market capitalization of $49.16 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 4.06 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $36.31 billion. During the same quarter in the prior year, the firm earned $4.63 EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. Sell-side analysts expect that Phillips 66 will post 7.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Mizuho reduced their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. UBS Group lowered their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Scotiabank cut their price target on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Wells Fargo & Company reduced their price target on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.93.

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.