Barry Investment Advisors LLC Sells 473 Shares of Phillips 66 (NYSE:PSX)

Barry Investment Advisors LLC trimmed its position in Phillips 66 (NYSE:PSX) by 5.3% in the 4th quarter, Holdings Channel reports. The firm owned 8,474 shares of the oil and gas company’s stock after selling 473 shares during the quarter. Barry Investment Advisors LLC’s holdings in Phillips 66 were worth $965,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new position in Phillips 66 in the 3rd quarter valued at $26,000. Values First Advisors Inc. bought a new stake in shares of Phillips 66 during the 3rd quarter worth $30,000. Webster Bank N. A. lifted its holdings in shares of Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 88 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Phillips 66 during the 3rd quarter worth $40,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Phillips 66 during the 4th quarter worth $47,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Price Performance

PSX stock opened at $121.13 on Wednesday. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $121.46 and its two-hundred day moving average price is $128.94. The stock has a market capitalization of $50.02 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 3.78 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, beating the consensus estimate of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. During the same quarter in the previous year, the company earned $4.63 earnings per share. Phillips 66’s quarterly revenue was down 10.3% on a year-over-year basis. As a group, equities analysts predict that Phillips 66 will post 6.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PSX. Bank of America began coverage on shares of Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective for the company. UBS Group dropped their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Barclays decreased their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.93.

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.