Trust Co. of Toledo NA OH Sells 422 Shares of Phillips 66 (NYSE:PSX)

Trust Co. of Toledo NA OH cut its stake in Phillips 66 (NYSE:PSX) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,169 shares of the oil and gas company’s stock after selling 422 shares during the period. Trust Co. of Toledo NA OH’s holdings in Phillips 66 were worth $589,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PSX. nVerses Capital LLC bought a new stake in Phillips 66 in the third quarter valued at approximately $26,000. Values First Advisors Inc. bought a new stake in Phillips 66 in the third quarter valued at approximately $30,000. Point72 Hong Kong Ltd bought a new stake in Phillips 66 in the third quarter valued at approximately $40,000. Strategic Investment Solutions Inc. IL bought a new stake in Phillips 66 in the second quarter valued at approximately $51,000. Finally, Hoese & Co LLP boosted its holdings in Phillips 66 by 33.1% in the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock valued at $53,000 after acquiring an additional 100 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PSX has been the topic of several analyst reports. Morgan Stanley reduced their target price on Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. dropped their price target on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Wells Fargo & Company dropped their price target on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Barclays dropped their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Piper Sandler set a $144.00 price target on Phillips 66 in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $116.02 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The stock’s 50 day moving average is $123.00 and its 200-day moving average is $130.20. The firm has a market capitalization of $47.91 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 4.06 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter in the prior year, the company posted $4.63 earnings per share. Phillips 66’s revenue was down 10.3% compared to the same quarter last year. Sell-side analysts forecast that Phillips 66 will post 7.56 EPS for the current fiscal 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.