Trust Co. of Toledo NA OH Sells 422 Shares of Phillips 66 (NYSE:PSX)

Trust Co. of Toledo NA OH lessened its holdings in Phillips 66 (NYSE:PSX) by 7.5% in the fourth quarter, Holdings Channel reports. The firm owned 5,169 shares of the oil and gas company’s stock after selling 422 shares during the period. Trust Co. of Toledo NA OH’s holdings in Phillips 66 were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Fiduciary Alliance LLC bought a new position in Phillips 66 in the 4th quarter valued at $861,000. Czech National Bank grew its stake in Phillips 66 by 5.0% in the 4th quarter. Czech National Bank now owns 89,493 shares of the oil and gas company’s stock valued at $10,196,000 after purchasing an additional 4,227 shares during the period. Hilltop National Bank grew its stake in Phillips 66 by 28.0% in the 4th quarter. Hilltop National Bank now owns 9,006 shares of the oil and gas company’s stock valued at $1,026,000 after purchasing an additional 1,968 shares during the period. ST Germain D J Co. Inc. grew its stake in Phillips 66 by 25.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 1,705 shares of the oil and gas company’s stock valued at $194,000 after purchasing an additional 350 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Phillips 66 by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 124,608 shares of the oil and gas company’s stock valued at $14,197,000 after purchasing an additional 1,320 shares during the period. Institutional investors own 76.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PSX. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. Barclays cut their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday. JPMorgan Chase & Co. cut their price target on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Piper Sandler set a $144.00 price target on Phillips 66 in a research note on Thursday, October 17th. Finally, Wells Fargo & Company cut their price target on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Stock Performance

Shares of PSX opened at $116.02 on Tuesday. The stock’s 50-day simple moving average is $123.00 and its 200 day simple moving average is $130.20. The stock has a market capitalization of $47.91 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 4.06 and a beta of 1.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the company posted $4.63 EPS. Research analysts forecast that Phillips 66 will post 7.56 EPS for the current fiscal year.

Phillips 66 Company 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.