Phillips 66 (NYSE:PSX) Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC lifted its holdings in Phillips 66 (NYSE:PSX) by 15.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,852 shares of the oil and gas company’s stock after purchasing an additional 2,301 shares during the quarter. Mutual Advisors LLC’s holdings in Phillips 66 were worth $2,016,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PSX. Insigneo Advisory Services LLC boosted its position in shares of Phillips 66 by 13.3% in 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. AQR Capital Management LLC boosted its position in shares of Phillips 66 by 6.4% in 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. MBB Public Markets I LLC acquired a new stake in shares of Phillips 66 in the 2nd quarter worth $4,475,000. Legal & General Group Plc raised its stake in Phillips 66 by 0.5% in the 2nd quarter. Legal & General Group Plc now owns 3,699,370 shares of the oil and gas company’s stock worth $522,240,000 after acquiring an additional 18,238 shares during the last quarter. Finally, Brick & Kyle Associates raised its stake in Phillips 66 by 3.0% in the 2nd quarter. Brick & Kyle Associates now owns 54,160 shares of the oil and gas company’s stock worth $7,646,000 after acquiring an additional 1,598 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Trading Down 0.6 %

PSX opened at $121.82 on Friday. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The stock has a market capitalization of $50.31 billion, a PE ratio of 15.64, a P/E/G ratio of 3.78 and a beta of 1.38. The business’s 50 day moving average price is $121.81 and its 200 day moving average price is $129.20. 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 (NYSE:PSX) last announced its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. During the same quarter in the previous year, the company earned $4.63 earnings per share. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. As a group, equities research analysts expect that Phillips 66 will post 6.41 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on PSX. Wells Fargo & Company reduced 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. Bank of America began coverage on Phillips 66 in a research note on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price for the company. Barclays reduced their target price 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. UBS Group reduced their price objective 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. Finally, Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.93.

About Phillips 66

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.