PFG Investments LLC Acquires 763 Shares of Phillips 66 (NYSE:PSX)

PFG Investments LLC lifted its holdings in Phillips 66 (NYSE:PSX) by 5.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,304 shares of the oil and gas company’s stock after acquiring an additional 763 shares during the quarter. PFG Investments LLC’s holdings in Phillips 66 were worth $1,744,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in Phillips 66 in the third quarter worth $26,000. Values First Advisors Inc. bought a new stake in shares of Phillips 66 in the 3rd quarter valued at about $30,000. Point72 Hong Kong Ltd purchased a new stake in Phillips 66 during the 3rd quarter valued at about $40,000. Sugar Maple Asset Management LLC bought a new position in Phillips 66 during the 4th quarter worth approximately $47,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Phillips 66 in the 2nd quarter worth approximately $51,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Up 1.0 %

Shares of NYSE PSX opened at $123.03 on Tuesday. 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. The firm has a 50-day moving average of $121.63 and a 200 day moving average of $129.04. The stock has a market cap of $50.81 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 3.78 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping 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 firm had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. During the same period in the previous year, the firm posted $4.63 EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, sell-side analysts expect that Phillips 66 will post 6.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PSX. JPMorgan Chase & Co. dropped their price objective on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. UBS Group decreased their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company cut their target price on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Finally, Bank of America started coverage on Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 price target for the company. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus price target of $147.93.

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.