7,106 Shares in Phillips 66 $PSX Acquired by Klingman & Associates LLC

Klingman & Associates LLC bought a new stake in shares of Phillips 66 (NYSE:PSX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,106 shares of the oil and gas company’s stock, valued at approximately $967,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC lifted its stake in shares of Phillips 66 by 1.2% during the 3rd quarter. Heck Capital Advisors LLC now owns 6,124 shares of the oil and gas company’s stock worth $833,000 after purchasing an additional 75 shares during the last quarter. Hemington Wealth Management grew its stake in Phillips 66 by 15.7% in the third quarter. Hemington Wealth Management now owns 576 shares of the oil and gas company’s stock valued at $78,000 after purchasing an additional 78 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in Phillips 66 by 1.9% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,297 shares of the oil and gas company’s stock valued at $584,000 after purchasing an additional 79 shares during the last quarter. CWC Advisors LLC. raised its holdings in Phillips 66 by 0.6% in the third quarter. CWC Advisors LLC. now owns 13,351 shares of the oil and gas company’s stock worth $1,816,000 after purchasing an additional 80 shares in the last quarter. Finally, First American Bank lifted its position in shares of Phillips 66 by 0.3% during the third quarter. First American Bank now owns 30,033 shares of the oil and gas company’s stock valued at $4,085,000 after buying an additional 81 shares during the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PSX has been the topic of a number of analyst reports. Cowen reaffirmed a “buy” rating on shares of Phillips 66 in a research report on Thursday, October 30th. JPMorgan Chase & Co. lowered their target price on shares of Phillips 66 from $154.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday. Citigroup reaffirmed a “neutral” rating on shares of Phillips 66 in a report on Wednesday. Barclays upped their price target on Phillips 66 from $141.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Wells Fargo & Company raised their price objective on Phillips 66 from $154.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus price target of $149.06.

Insider Buying and Selling at Phillips 66

In other news, EVP Brian Mandell sold 25,500 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $140.04, for a total value of $3,571,020.00. Following the transaction, the executive vice president directly owned 56,838 shares of the company’s stock, valued at approximately $7,959,593.52. This represents a 30.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin J. Mitchell sold 30,000 shares of Phillips 66 stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $138.00, for a total value of $4,140,000.00. Following the sale, the chief financial officer directly owned 89,771 shares of the company’s stock, valued at $12,388,398. This trade represents a 25.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 86,094 shares of company stock worth $11,955,366. 0.22% of the stock is currently owned by insiders.

Phillips 66 Trading Down 0.6%

Shares of Phillips 66 stock opened at $137.95 on Wednesday. The firm’s 50 day simple moving average is $135.92 and its two-hundred day simple moving average is $131.66. The firm has a market capitalization of $55.58 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 0.38 and a beta of 0.90. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $145.68. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.38. Phillips 66 had a net margin of 1.12% and a return on equity of 5.53%. The firm had revenue of $33.69 billion for the quarter, compared to analyst estimates of $32.29 billion. During the same period in the previous year, the company earned $2.04 earnings per share. Analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.