Insight Folios Inc Sells 992 Shares of Phillips 66 (NYSE:PSX)

Insight Folios Inc trimmed its stake in Phillips 66 (NYSE:PSX) by 30.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,307 shares of the oil and gas company’s stock after selling 992 shares during the period. Insight Folios Inc’s holdings in Phillips 66 were worth $377,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new stake in shares of Phillips 66 during the first quarter worth $28,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Phillips 66 during the fourth quarter worth $27,000. First United Bank & Trust bought a new stake in shares of Phillips 66 during the fourth quarter worth $31,000. Rise Advisors LLC bought a new stake in shares of Phillips 66 during the first quarter worth $40,000. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Phillips 66 during the fourth quarter worth $33,000. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PSX has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on Phillips 66 from $165.00 to $162.00 and set an “overweight” rating on the stock in a report on Tuesday. Mizuho decreased their target price on Phillips 66 from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Bank of America upped their price target on Phillips 66 from $150.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Wells Fargo & Company upped their price target on Phillips 66 from $179.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, TD Cowen cut their price target on Phillips 66 from $164.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.07.

Phillips 66 Trading Down 0.1 %

NYSE:PSX traded down $0.10 during mid-day trading on Thursday, hitting $140.37. The company had a trading volume of 1,081,569 shares, compared to its average volume of 2,593,537. Phillips 66 has a fifty-two week low of $94.51 and a fifty-two week high of $174.08. The business’s fifty day moving average is $141.87 and its two-hundred day moving average is $144.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 1.17. The firm has a market cap of $59.51 billion, a P/E ratio of 10.80, a P/E/G ratio of 2.13 and a beta of 1.34.

Phillips 66 (NYSE:PSX) last released its earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.15). Phillips 66 had a net margin of 3.84% and a return on equity of 19.19%. The company had revenue of $36.44 billion during the quarter, compared to analyst estimates of $35.87 billion. During the same period in the previous year, the company posted $4.21 EPS. As a group, research analysts expect that Phillips 66 will post 10.99 earnings per share for the current year.

Insider Transactions at Phillips 66

In other news, EVP Timothy D. Roberts sold 37,742 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the sale, the executive vice president now owns 48,365 shares of the company’s stock, valued at $7,051,617. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by insiders.

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.