Stephens Consulting LLC Acquires 111 Shares of Phillips 66 (NYSE:PSX)

Stephens Consulting LLC boosted its holdings in shares of Phillips 66 (NYSE:PSX) by 83.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244 shares of the oil and gas company’s stock after acquiring an additional 111 shares during the quarter. Stephens Consulting LLC’s holdings in Phillips 66 were worth $28,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Phillips 66 during the 3rd quarter worth $26,000. Values First Advisors Inc. bought a new position in shares of Phillips 66 during the third quarter worth about $30,000. Webster Bank N. A. lifted its stake in shares of Phillips 66 by 48.4% in the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 88 shares during the period. Crews Bank & Trust acquired a new stake in Phillips 66 during the 4th quarter valued at approximately $32,000. Finally, Point72 Hong Kong Ltd bought a new position in Phillips 66 during the 3rd quarter worth approximately $40,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Mizuho lowered their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Bank of America assumed coverage on Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 price target on the stock. Barclays dropped their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company raised their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Stock Performance

Phillips 66 stock opened at $117.85 on Tuesday. The firm’s 50 day simple moving average is $120.54 and its 200 day simple moving average is $128.39. The firm has a market capitalization of $48.67 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 3.89 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 has a 1-year low of $108.90 and a 1-year high of $174.08.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the previous year, the firm posted $3.09 earnings per share. As a group, analysts expect that Phillips 66 will post 7.57 earnings per share for the current fiscal year.

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.