Phillips 66 (NYSE:PSX) shares traded down 2.7% during trading on Wednesday . The company traded as low as $74.84 and last traded at $75.83, with a volume of 2,991,675 shares trading hands. The stock had previously closed at $77.93.

A number of research analysts have commented on the stock. Wells Fargo & Co. downgraded shares of Phillips 66 from an “outperform” rating to a “market perform” rating in a research note on Friday. Vetr upgraded shares of Phillips 66 from a “buy” rating to a “strong-buy” rating and set a $87.26 price objective on the stock in a research note on Wednesday. Zacks Investment Research downgraded shares of Phillips 66 from a “hold” rating to a “strong sell” rating in a research note on Monday. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Phillips 66 in a research note on Wednesday, June 29th. Finally, Morgan Stanley downgraded shares of Phillips 66 from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $105.00 to $90.00 in a research note on Friday, June 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.09.

The company’s 50-day moving average is $79.32 and its 200-day moving average is $81.41. The company has a market cap of $39.53 billion and a PE ratio of 11.25.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, April 29th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.20. During the same period last year, the business posted $1.51 EPS. Equities analysts forecast that Phillips 66 will post $5.03 earnings per share for the current year.

In related news, major shareholder Berkshire Hathaway Inc acquired 642,273 shares of the stock in a transaction dated Thursday, May 26th. The shares were acquired at an average price of $79.76 per share, for a total transaction of $51,227,694.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William R. Loomis, Jr. acquired 12,680 shares of the stock in a transaction dated Monday, June 13th. The stock was bought at an average price of $78.87 per share, for a total transaction of $1,000,071.60. Following the purchase, the director now owns 12,680 shares of the company’s stock, valued at approximately $1,000,071.60. The disclosure for this purchase can be found here.

A number of large investors have bought and sold shares of the company. Adirondack Trust Co. increased its stake in Phillips 66 by 0.7% in the fourth quarter. Adirondack Trust Co. now owns 12,565 shares of the company’s stock worth $1,007,000 after buying an additional 91 shares in the last quarter. Baxter Bros Inc. increased its stake in Phillips 66 by 0.6% in the fourth quarter. Baxter Bros Inc. now owns 13,215 shares of the company’s stock worth $1,081,000 after buying an additional 79 shares in the last quarter. ARGI Investment Services LLC increased its stake in Phillips 66 by 251.6% in the fourth quarter. ARGI Investment Services LLC now owns 14,675 shares of the company’s stock worth $1,200,000 after buying an additional 10,501 shares in the last quarter. Geneva Advisors LLC increased its stake in Phillips 66 by 32.1% in the fourth quarter. Geneva Advisors LLC now owns 14,790 shares of the company’s stock worth $1,210,000 after buying an additional 3,596 shares in the last quarter. Finally, Seven Bridges Advisors LLC acquired a new stake in Phillips 66 during the fourth quarter worth $1,267,000.

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing, and specialties businesses. The Company operates its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.

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