Advisory Resource Group Has $27.35 Million Stock Holdings in Phillips 66 (NYSE:PSX)

Advisory Resource Group reduced its holdings in shares of Phillips 66 (NYSE:PSX) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 240,027 shares of the oil and gas company’s stock after selling 1,500 shares during the quarter. Phillips 66 makes up about 5.8% of Advisory Resource Group’s portfolio, making the stock its 2nd biggest holding. Advisory Resource Group owned 0.06% of Phillips 66 worth $27,346,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PSX. Counterweight Ventures LLC raised its holdings in Phillips 66 by 1.6% in the 4th quarter. Counterweight Ventures LLC now owns 11,550 shares of the oil and gas company’s stock valued at $1,316,000 after acquiring an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Phillips 66 by 3.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 34,915 shares of the oil and gas company’s stock worth $3,978,000 after buying an additional 1,057 shares in the last quarter. Kingsview Wealth Management LLC grew its position in Phillips 66 by 0.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 40,795 shares of the oil and gas company’s stock worth $4,648,000 after acquiring an additional 281 shares during the last quarter. Apollon Wealth Management LLC grew its position in Phillips 66 by 24.1% during the 4th quarter. Apollon Wealth Management LLC now owns 13,866 shares of the oil and gas company’s stock worth $1,580,000 after acquiring an additional 2,697 shares during the last quarter. Finally, Cidel Asset Management Inc. grew its position in Phillips 66 by 5.4% during the 4th quarter. Cidel Asset Management Inc. now owns 6,571 shares of the oil and gas company’s stock worth $749,000 after acquiring an additional 338 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Price Performance

Shares of NYSE PSX opened at $120.45 on Friday. The stock has a fifty day simple moving average of $119.29 and a two-hundred day simple moving average of $127.93. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The firm has a market cap of $49.74 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 5.64 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period in the prior year, the business earned $3.09 EPS. Analysts anticipate that Phillips 66 will post 7.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PSX has been the topic of a number of analyst reports. Mizuho reduced their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. StockNews.com downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS Group lowered 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, Bank of America initiated coverage on Phillips 66 in a research note on Thursday, October 17th. They issued a “buy” rating and a $156.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.00.

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.