Traders Sell Phillips 66 (PSX) on Strength (PSX)

Investors sold shares of Phillips 66 (NYSE:PSX) on strength during trading hours on Friday. $59.96 million flowed into the stock on the tick-up and $75.09 million flowed out of the stock on the tick-down, for a money net flow of $15.13 million out of the stock. Of all stocks tracked, Phillips 66 had the 21st highest net out-flow for the day. Phillips 66 traded up $0.35 for the day and closed at $110.99

Several analysts recently commented on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of Phillips 66 in a research report on Thursday, January 11th. Credit Suisse Group assumed coverage on shares of Phillips 66 in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $108.00 price target for the company. Barclays reiterated a “sell” rating and issued a $111.00 price target on shares of Phillips 66 in a research report on Wednesday, January 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $106.00 price target on shares of Phillips 66 in a research report on Tuesday, January 30th. Finally, Scotiabank reiterated a “buy” rating and issued a $112.00 price target on shares of Phillips 66 in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $104.19.

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The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37. The company has a market cap of $50,797.18, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.21. The company had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $30.71 billion. Phillips 66 had a net margin of 4.88% and a return on equity of 9.18%. During the same period in the previous year, the company posted $0.16 EPS. research analysts anticipate that Phillips 66 will post 6.91 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in PSX. OxFORD Asset Management LLP acquired a new position in shares of Phillips 66 during the 3rd quarter worth $1,088,000. GSA Capital Partners LLP acquired a new position in shares of Phillips 66 during the 3rd quarter worth $784,000. AXA grew its stake in shares of Phillips 66 by 2.0% during the 3rd quarter. AXA now owns 123,069 shares of the oil and gas company’s stock worth $11,275,000 after purchasing an additional 2,443 shares during the period. Atlantic Trust Group LLC grew its stake in shares of Phillips 66 by 6.7% during the 3rd quarter. Atlantic Trust Group LLC now owns 37,190 shares of the oil and gas company’s stock worth $3,407,000 after purchasing an additional 2,336 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. grew its stake in shares of Phillips 66 by 17,029.8% during the 4th quarter. Weaver C. Barksdale & Associates Inc. now owns 16,102 shares of the oil and gas company’s stock worth $1,629,000 after purchasing an additional 16,008 shares during the period. 77.74% of the stock is currently owned by institutional investors.

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Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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