Advisory Alpha LLC Has $330,000 Position in Phillips 66 (NYSE:PSX)

Advisory Alpha LLC raised its stake in shares of Phillips 66 (NYSE:PSX) by 51.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,894 shares of the oil and gas company’s stock after buying an additional 979 shares during the quarter. Advisory Alpha LLC’s holdings in Phillips 66 were worth $330,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Evergreen Capital Management LLC grew its position in shares of Phillips 66 by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,496 shares of the oil and gas company’s stock valued at $635,000 after purchasing an additional 179 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Phillips 66 by 55.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 81,954 shares of the oil and gas company’s stock worth $11,569,000 after purchasing an additional 29,260 shares in the last quarter. Sfmg LLC increased its stake in Phillips 66 by 12.9% during the 2nd quarter. Sfmg LLC now owns 1,605 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 184 shares in the last quarter. Insigneo Advisory Services LLC increased its stake in Phillips 66 by 13.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 3,088 shares of the oil and gas company’s stock worth $407,000 after purchasing an additional 363 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Phillips 66 by 6.4% during the 2nd quarter. AQR Capital Management LLC now owns 372,992 shares of the oil and gas company’s stock worth $52,099,000 after purchasing an additional 22,531 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Up 3.4 %

PSX stock opened at $122.62 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The stock has a market capitalization of $50.64 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 3.84 and a beta of 1.38. The business’s fifty day moving average price is $121.95 and its two-hundred day moving average price is $129.24. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. During the same quarter last year, the business earned $4.63 EPS. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Phillips 66 will post 6.41 earnings per share for the current year.

Analyst Ratings Changes

PSX has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Mizuho decreased their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Scotiabank decreased 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 research note on Thursday, October 10th. Finally, Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 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.