Gratus Wealth Advisors LLC Has $383,000 Holdings in Phillips 66 (NYSE:PSX)

Gratus Wealth Advisors LLC raised its position in shares of Phillips 66 (NYSE:PSX) by 24.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,763 shares of the oil and gas company’s stock after acquiring an additional 550 shares during the quarter. Gratus Wealth Advisors LLC’s holdings in Phillips 66 were worth $383,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PSX. Sei Investments Co. increased its holdings in Phillips 66 by 2.4% in the fourth quarter. Sei Investments Co. now owns 386,659 shares of the oil and gas company’s stock worth $51,481,000 after purchasing an additional 8,954 shares in the last quarter. Unigestion Holding SA bought a new position in Phillips 66 during the fourth quarter worth $549,000. Icon Wealth Advisors LLC acquired a new stake in Phillips 66 in the fourth quarter worth $2,358,000. First Financial Bankshares Inc bought a new stake in Phillips 66 in the fourth quarter valued at $380,000. Finally, Point72 Europe London LLP acquired a new position in shares of Phillips 66 during the fourth quarter valued at about $1,090,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PSX. Raymond James boosted their target price on Phillips 66 from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen lowered their target price on Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Scotiabank cut their target price on Phillips 66 from $156.00 to $145.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Wells Fargo & Company boosted their price target on shares of Phillips 66 from $176.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $152.93.

Insider Buying and Selling

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the completion of the transaction, the chief financial officer now owns 81,937 shares in the company, valued at $11,390,062.37. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by insiders.

Phillips 66 Stock Performance

NYSE PSX opened at $132.31 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.79 and a current ratio of 1.14. The company has a market capitalization of $56.09 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 5.46 and a beta of 1.33. Phillips 66 has a 52-week low of $107.85 and a 52-week high of $174.08. The company has a 50-day simple moving average of $133.79 and a 200 day simple moving average of $142.02.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.33. Phillips 66 had a net margin of 3.32% and a return on equity of 16.77%. The company had revenue of $38.91 billion for the quarter, compared to analysts’ expectations of $37.79 billion. During the same quarter in the previous year, the firm posted $3.87 EPS. Phillips 66’s revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Phillips 66 will post 8.21 EPS for the current 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.