Nisa Investment Advisors LLC Sells 10,929 Shares of Phillips 66 $PSX

Nisa Investment Advisors LLC cut its holdings in Phillips 66 (NYSE:PSX) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 173,620 shares of the oil and gas company’s stock after selling 10,929 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Phillips 66 were worth $23,616,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PSX. Brighton Jones LLC raised its position in shares of Phillips 66 by 238.5% during the 4th quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock valued at $1,166,000 after buying an additional 7,214 shares in the last quarter. Woodline Partners LP increased its stake in Phillips 66 by 40.7% during the first quarter. Woodline Partners LP now owns 34,891 shares of the oil and gas company’s stock worth $4,308,000 after acquiring an additional 10,089 shares during the last quarter. Bayforest Capital Ltd raised its position in Phillips 66 by 166.8% during the first quarter. Bayforest Capital Ltd now owns 1,718 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 1,074 shares during the period. Integrity Alliance LLC. purchased a new stake in Phillips 66 during the first quarter valued at approximately $269,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Phillips 66 by 5.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,609 shares of the oil and gas company’s stock worth $569,000 after purchasing an additional 234 shares during the period. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Phillips 66 stock opened at $142.24 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.23. The company has a market capitalization of $57.31 billion, a PE ratio of 38.86, a P/E/G ratio of 0.38 and a beta of 0.90. The company has a 50 day moving average price of $135.86 and a 200-day moving average price of $131.23. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $145.68.

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

Insider Transactions at Phillips 66

In other news, CFO Kevin J. Mitchell sold 30,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $138.00, for a total transaction of $4,140,000.00. Following the transaction, the chief financial officer owned 89,771 shares in the company, valued at approximately $12,388,398. This trade represents a 25.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Brian Mandell sold 26,200 shares of Phillips 66 stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $137.68, for a total value of $3,607,216.00. Following the completion of the sale, the executive vice president owned 56,838 shares of the company’s stock, valued at $7,825,455.84. The trade was a 31.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 86,094 shares of company stock valued at $11,955,366. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on PSX shares. UBS Group restated a “buy” rating on shares of Phillips 66 in a research report on Tuesday. Raymond James Financial reduced their target price on shares of Phillips 66 from $169.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. Wells Fargo & Company raised their target price on shares of Phillips 66 from $154.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Phillips 66 in a research note on Wednesday, October 8th. Finally, Barclays increased their price objective on shares of Phillips 66 from $132.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.88.

Phillips 66 Company 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.