Phillips 66 (NYSE:PSX) Shares Purchased by Everett Harris & Co. CA

Everett Harris & Co. CA raised its stake in Phillips 66 (NYSE:PSX) by 2.9% during the fourth quarter, Holdings Channel reports. The firm owned 16,642 shares of the oil and gas company’s stock after purchasing an additional 464 shares during the period. Everett Harris & Co. CA’s holdings in Phillips 66 were worth $1,896,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. nVerses Capital LLC acquired a new position in Phillips 66 in the third quarter valued at $26,000. Values First Advisors Inc. purchased a new stake in shares of Phillips 66 during the 3rd quarter worth about $30,000. Webster Bank N. A. increased its position in Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 88 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of Phillips 66 in the 4th quarter valued at $32,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Phillips 66 during the third quarter valued at approximately $40,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PSX shares. Scotiabank lowered their price target on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. UBS Group lowered their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Barclays lowered their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Mizuho reduced their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Stock Down 3.0 %

Phillips 66 stock opened at $117.24 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The company has a 50-day simple moving average of $120.86 and a 200-day simple moving average of $128.72. The firm has a market capitalization of $48.42 billion, a P/E ratio of 15.05, a P/E/G ratio of 4.03 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. During the same quarter last year, the business posted $3.09 earnings per share. As a group, equities analysts expect that Phillips 66 will post 6.27 earnings per share for the current year.

Phillips 66 Company 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.