Phillips 66 $PSX Shares Acquired by National Pension Service

National Pension Service boosted its holdings in Phillips 66 (NYSE:PSX) by 3.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 602,099 shares of the oil and gas company’s stock after purchasing an additional 20,213 shares during the quarter. National Pension Service owned about 0.15% of Phillips 66 worth $81,898,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PSX. Brighton Jones LLC raised its stake in 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 acquiring an additional 7,214 shares during the last quarter. Woodline Partners LP grew its stake in shares of Phillips 66 by 40.7% during the 1st quarter. Woodline Partners LP now owns 34,891 shares of the oil and gas company’s stock worth $4,308,000 after purchasing an additional 10,089 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Phillips 66 by 93.3% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,551 shares of the oil and gas company’s stock worth $424,000 after buying an additional 1,714 shares during the period. Pure Financial Advisors LLC grew its holdings in shares of Phillips 66 by 13.7% in the 2nd quarter. Pure Financial Advisors LLC now owns 2,268 shares of the oil and gas company’s stock worth $271,000 after acquiring an additional 273 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its position in shares of Phillips 66 by 5.5% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 2,206 shares of the oil and gas company’s stock valued at $263,000 after buying an additional 115 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. TD Cowen raised their price objective on shares of Phillips 66 from $145.00 to $151.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. BMO Capital Markets lifted their price target on Phillips 66 from $152.00 to $160.00 in a report on Tuesday, November 11th. Piper Sandler set a $153.00 target price on Phillips 66 in a report on Monday, January 12th. Barclays upped their price target on Phillips 66 from $141.00 to $142.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. Finally, Wells Fargo & Company raised their target price on Phillips 66 from $154.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $154.47.

Phillips 66 Trading Down 0.5%

NYSE:PSX opened at $143.36 on Monday. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $147.96. The firm has a market capitalization of $57.76 billion, a P/E ratio of 39.17, a P/E/G ratio of 0.52 and a beta of 0.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.23 and a quick ratio of 0.87. The business has a 50 day simple moving average of $136.83 and a 200 day simple moving average of $132.89.

Phillips 66 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.