Acropolis Investment Management LLC Sells 128 Shares of Phillips 66 (NYSE:PSX)

Acropolis Investment Management LLC trimmed its holdings in Phillips 66 (NYSE:PSX) by 5.6% in the fourth quarter, HoldingsChannel reports. The fund owned 2,150 shares of the oil and gas company’s stock after selling 128 shares during the period. Acropolis Investment Management LLC’s holdings in Phillips 66 were worth $245,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Phillips 66 during the 3rd quarter valued at about $26,000. Values First Advisors Inc. bought a new stake in Phillips 66 in the third quarter valued at approximately $30,000. Point72 Hong Kong Ltd purchased a new stake in shares of Phillips 66 during the third quarter valued at approximately $40,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Phillips 66 in the second quarter worth approximately $51,000. Finally, Hoese & Co LLP increased its stake in shares of Phillips 66 by 33.1% in the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock worth $53,000 after buying an additional 100 shares during the period. 76.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on PSX. Scotiabank dropped their price target on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Mizuho dropped their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wells Fargo & Company reduced their price target on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Barclays dropped their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Stock Performance

Phillips 66 stock opened at $119.04 on Thursday. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $49.16 billion, a P/E ratio of 15.28, a PEG ratio of 4.06 and a beta of 1.38. The stock’s 50 day moving average is $122.91 and its 200 day moving average is $130.03.

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

Phillips 66 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.