Tradewinds LLC. Takes Position in Phillips 66 $PSX

Tradewinds LLC. purchased a new stake in shares of Phillips 66 (NYSE:PSX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,063 shares of the oil and gas company’s stock, valued at approximately $689,000.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in Phillips 66 by 238.5% during the fourth quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock valued at $1,166,000 after purchasing an additional 7,214 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Phillips 66 by 40.7% during the 1st quarter. Woodline Partners LP now owns 34,891 shares of the oil and gas company’s stock valued at $4,308,000 after buying an additional 10,089 shares during the period. Sovran Advisors LLC purchased a new position in shares of Phillips 66 during the 2nd quarter valued at $324,000. Signal Advisors Wealth LLC acquired a new position in shares of Phillips 66 in the second quarter worth $253,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Phillips 66 by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 185,958 shares of the oil and gas company’s stock worth $23,671,000 after acquiring an additional 27,024 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Trading Down 1.2%

NYSE:PSX opened at $138.27 on Monday. The company’s 50 day moving average is $136.07 and its 200-day moving average is $132.02. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.68. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $145.68. The firm has a market cap of $55.71 billion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 0.38 and a beta of 0.90.

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

Insider Transactions at Phillips 66

In related news, EVP Brian Mandell sold 26,200 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $137.68, for a total transaction of $3,607,216.00. Following the completion of the transaction, the executive vice president owned 56,838 shares of the company’s stock, valued at approximately $7,825,455.84. The trade was a 31.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $145.00, for a total value of $637,130.00. Following the sale, the executive vice president owned 30,193 shares of the company’s stock, valued at approximately $4,377,985. The trade was a 12.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 86,094 shares of company stock worth $11,955,366. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BMO Capital Markets upped their target price on Phillips 66 from $152.00 to $160.00 in a research report on Tuesday, November 11th. Wall Street Zen downgraded Phillips 66 from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Raymond James Financial reduced their target price on shares of Phillips 66 from $169.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, December 22nd. Wells Fargo & Company boosted their target price on shares of Phillips 66 from $154.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Wolfe Research raised their price target on shares of Phillips 66 from $158.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and an average price target of $150.41.

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.