Lawson Kroeker Investment Management Inc. NE Has $11.92 Million Holdings in Phillips 66 (NYSE:PSX)

Lawson Kroeker Investment Management Inc. NE lessened its stake in Phillips 66 (NYSE:PSX) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,590 shares of the oil and gas company’s stock after selling 1,503 shares during the quarter. Phillips 66 makes up about 2.2% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 11th largest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Phillips 66 were worth $11,916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Strategic Planning Group LLC lifted its holdings in shares of Phillips 66 by 7.0% in the fourth quarter. Strategic Planning Group LLC now owns 28,574 shares of the oil and gas company’s stock valued at $3,255,000 after purchasing an additional 1,857 shares in the last quarter. Baring Financial LLC bought a new position in shares of Phillips 66 in the fourth quarter valued at approximately $634,000. Allen Capital Group LLC lifted its holdings in shares of Phillips 66 by 4.9% in the fourth quarter. Allen Capital Group LLC now owns 5,636 shares of the oil and gas company’s stock valued at $642,000 after purchasing an additional 265 shares in the last quarter. Smith Group Asset Management LLC bought a new position in shares of Phillips 66 in the fourth quarter valued at approximately $1,149,000. Finally, Orca Wealth Management LLC bought a new position in shares of Phillips 66 in the fourth quarter valued at approximately $1,383,000. Institutional investors own 76.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Scotiabank dropped 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. Wolfe Research upgraded 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. Wells Fargo & Company dropped their price target on 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 report on Friday, January 10th. Finally, Mizuho dropped their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Stock Performance

NYSE:PSX opened at $122.20 on Thursday. 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 business has a fifty day simple moving average of $121.27 and a two-hundred day simple moving average of $128.82. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The company has a market capitalization of $50.47 billion, a P/E ratio of 15.69, a P/E/G ratio of 3.78 and a beta of 1.38.

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 for the quarter, beating the consensus estimate of $1.63 by $0.41. The company had revenue of $36.16 billion during the quarter, compared to analysts’ expectations of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.63 earnings per share. On average, analysts expect that Phillips 66 will post 6.41 earnings per share for the current 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.