Mitchell & Pahl Private Wealth LLC Has $2.21 Million Stake in Phillips 66 (NYSE:PSX)

Mitchell & Pahl Private Wealth LLC increased its position in shares of Phillips 66 (NYSE:PSX) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,436 shares of the oil and gas company’s stock after purchasing an additional 1,029 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Phillips 66 were worth $2,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in shares of Phillips 66 during the third quarter worth $26,000. Values First Advisors Inc. bought a new position in Phillips 66 during the third quarter worth about $30,000. Point72 Hong Kong Ltd acquired a new stake in Phillips 66 in the 3rd quarter worth about $40,000. Strategic Investment Solutions Inc. IL acquired a new stake in Phillips 66 in the 2nd quarter worth about $51,000. Finally, Hoese & Co LLP boosted its holdings in Phillips 66 by 33.1% in the 3rd quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock valued at $53,000 after purchasing an additional 100 shares during the period. 76.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on PSX. Wells Fargo & Company lowered their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Mizuho cut their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Scotiabank reduced their target price on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, UBS Group dropped their price target 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. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.93.

Phillips 66 Stock Up 0.8 %

Shares of NYSE PSX opened at $120.64 on Tuesday. The company has a market cap of $49.82 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 3.76 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The stock has a 50-day moving average price of $122.47 and a two-hundred day moving average price of $129.59.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.41. The company had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm’s revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.63 EPS. As a group, analysts forecast that Phillips 66 will post 6.51 earnings per share for the current fiscal 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.