Sigma Planning Corp Has $1.29 Million Holdings in Phillips 66 (PSX)
Sigma Planning Corp raised its holdings in Phillips 66 (NYSE:PSX) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,968 shares of the oil and gas company’s stock after buying an additional 2,594 shares during the quarter. Sigma Planning Corp’s holdings in Phillips 66 were worth $1,290,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in PSX. Moody National Bank Trust Division grew its holdings in shares of Phillips 66 by 425.4% in the 4th quarter. Moody National Bank Trust Division now owns 352 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 285 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Phillips 66 in the 4th quarter worth about $37,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Phillips 66 in the 4th quarter worth about $41,000. Legacy Financial Advisors Inc. grew its holdings in shares of Phillips 66 by 32.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 597 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 146 shares during the last quarter. Finally, We Are One Seven LLC bought a new stake in shares of Phillips 66 in the 4th quarter worth about $54,000. 69.45% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director J Brian Ferguson acquired 21,500 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were purchased at an average price of $92.31 per share, with a total value of $1,984,665.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by corporate insiders.
Several equities research analysts have recently weighed in on PSX shares. Jefferies Financial Group raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research reaffirmed a “buy” rating and issued a $113.00 target price on shares of Phillips 66 in a report on Wednesday, November 14th. Wells Fargo & Co upped their target price on shares of Phillips 66 from $137.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, October 29th. Morgan Stanley lowered their target price on shares of Phillips 66 from $140.00 to $120.00 and set a “hold” rating on the stock in a report on Tuesday, November 20th. Finally, Raymond James lowered their target price on shares of Phillips 66 from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, December 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $123.62.
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Phillips 66 Profile
Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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