Annis Gardner Whiting Capital Advisors LLC Has $1.11 Million Stock Holdings in Phillips 66 $PSX

Annis Gardner Whiting Capital Advisors LLC increased its holdings in Phillips 66 (NYSE:PSX) by 2,199.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,139 shares of the oil and gas company’s stock after purchasing an additional 7,785 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in Phillips 66 were worth $1,107,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PSX. Evolution Wealth Management Inc. bought a new stake in Phillips 66 in the second quarter valued at approximately $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Phillips 66 in the 2nd quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Phillips 66 in the 2nd quarter valued at $38,000. Operose Advisors LLC boosted its stake in shares of Phillips 66 by 260.4% in the 2nd quarter. Operose Advisors LLC now owns 346 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 250 shares during the last quarter. Finally, Traub Capital Management LLC acquired a new stake in shares of Phillips 66 during the second quarter worth $43,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $142.30 on Thursday. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $146.88. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $136.39 and a 200-day moving average price of $132.62. The company has a market cap of $57.33 billion, a PE ratio of 38.88, a price-to-earnings-growth ratio of 0.40 and a beta of 0.90.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.38. The business had revenue of $33.69 billion during 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 quarter in the prior year, the company posted $2.04 earnings per share. Equities analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, EVP Vanessa Allen Sutherland sold 4,394 shares of Phillips 66 stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $145.00, for a total transaction of $637,130.00. Following the transaction, the executive vice president owned 30,193 shares of the company’s stock, valued at $4,377,985. This trade represents a 12.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian Mandell sold 26,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $137.68, for a total value of $3,607,216.00. Following the completion of the transaction, the executive vice president owned 56,838 shares in the company, valued at $7,825,455.84. The trade was a 31.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 86,094 shares of company stock worth $11,955,366. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PSX shares. Wolfe Research boosted their target price 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. UBS Group reissued a “buy” rating on shares of Phillips 66 in a research report on Tuesday, January 6th. The Goldman Sachs Group upped their target price on Phillips 66 from $152.00 to $164.00 and gave the company a “neutral” rating in a research report on Thursday, January 22nd. Morgan Stanley raised their target price on Phillips 66 from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, October 3rd. Finally, Scotiabank restated a “sector perform” rating and set a $140.00 price target on shares of Phillips 66 in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Phillips 66 presently has an average rating of “Hold” and an average price target of $153.53.

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.