KMG Fiduciary Partners LLC Acquires 2,960 Shares of Phillips 66 (NYSE:PSX)

KMG Fiduciary Partners LLC raised its holdings in shares of Phillips 66 (NYSE:PSX) by 19.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,017 shares of the oil and gas company’s stock after purchasing an additional 2,960 shares during the period. KMG Fiduciary Partners LLC’s holdings in Phillips 66 were worth $2,053,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PSX. Empirical Asset Management LLC increased its position in shares of Phillips 66 by 47.7% during the fourth quarter. Empirical Asset Management LLC now owns 35,148 shares of the oil and gas company’s stock valued at $4,004,000 after acquiring an additional 11,346 shares in the last quarter. Bennett Associates Wealth Management increased its position in shares of Phillips 66 by 10.9% during the fourth quarter. Bennett Associates Wealth Management now owns 4,300 shares of the oil and gas company’s stock valued at $490,000 after acquiring an additional 421 shares in the last quarter. Capital Advisors Wealth Management LLC increased its position in shares of Phillips 66 by 7.1% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 8,935 shares of the oil and gas company’s stock valued at $1,018,000 after acquiring an additional 589 shares in the last quarter. Tallon Kerry Patrick bought a new stake in shares of Phillips 66 during the fourth quarter valued at approximately $336,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Phillips 66 by 4.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,783 shares of the oil and gas company’s stock valued at $1,456,000 after acquiring an additional 530 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Up 0.6 %

Shares of Phillips 66 stock opened at $119.68 on Friday. The company’s fifty day simple moving average is $122.73 and its 200-day simple moving average is $129.95. The stock has a market capitalization of $49.43 billion, a PE ratio of 15.36, a P/E/G ratio of 3.17 and a beta of 1.38. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. During the same quarter in the previous year, the company earned $4.63 EPS. Phillips 66’s revenue for the quarter was down 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Phillips 66 will post 7.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Scotiabank reduced 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 report on Thursday, October 10th. Mizuho cut their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report 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 target price for the company in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Phillips 66 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.