Phillips 66 (NYSE:PSX) Shares Bought by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC lifted its stake in shares of Phillips 66 (NYSE:PSX) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,935 shares of the oil and gas company’s stock after buying an additional 589 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in Phillips 66 were worth $1,018,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. nVerses Capital LLC acquired a new position in Phillips 66 in the third quarter valued at $26,000. Values First Advisors Inc. purchased 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 shares of Phillips 66 in the 3rd quarter valued at about $40,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Phillips 66 in the 2nd quarter valued at about $51,000. Finally, Hoese & Co LLP grew its stake in Phillips 66 by 33.1% during the 3rd quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock worth $53,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $119.68 on Friday. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The company has a 50-day moving average price of $122.73 and a 200 day moving average price of $129.95. The company has a market cap of $49.43 billion, a P/E ratio of 15.36, a PEG ratio of 3.17 and a beta of 1.38. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business had revenue of $36.16 billion during the quarter, compared to analysts’ expectations of $36.31 billion. During the same period last year, the firm earned $4.63 EPS. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. Research analysts predict that Phillips 66 will post 7.22 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on PSX. JPMorgan Chase & Co. reduced 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. 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. Wells Fargo & Company decreased their price target on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Barclays dropped their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Wolfe Research upgraded 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 note on Friday, January 3rd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 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.