Brown Lisle Cummings Inc. Acquires 445 Shares of Phillips 66 (NYSE:PSX)

Brown Lisle Cummings Inc. boosted its holdings in Phillips 66 (NYSE:PSX) by 161.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 720 shares of the oil and gas company’s stock after acquiring an additional 445 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Phillips 66 were worth $82,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank boosted its stake in Phillips 66 by 5.5% in the 3rd quarter. Czech National Bank now owns 85,266 shares of the oil and gas company’s stock valued at $11,208,000 after buying an additional 4,477 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Phillips 66 by 21.5% during the third quarter. GAMMA Investing LLC now owns 8,343 shares of the oil and gas company’s stock valued at $1,097,000 after acquiring an additional 1,479 shares during the period. Azzad Asset Management Inc. ADV boosted its stake in shares of Phillips 66 by 8.7% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 20,600 shares of the oil and gas company’s stock valued at $2,708,000 after purchasing an additional 1,654 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Phillips 66 by 185.2% in the 3rd quarter. Versant Capital Management Inc now owns 2,045 shares of the oil and gas company’s stock worth $269,000 after purchasing an additional 1,328 shares during the last quarter. Finally, Bangor Savings Bank increased its position in shares of Phillips 66 by 1.3% during the 3rd quarter. Bangor Savings Bank now owns 12,373 shares of the oil and gas company’s stock worth $1,626,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Up 4.8 %

Shares of NYSE PSX opened at $123.58 on Wednesday. The company’s 50 day simple moving average is $120.23 and its 200 day simple moving average is $128.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. The firm has a market capitalization of $51.04 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.89 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the business earned $3.09 earnings per share. On average, analysts predict that Phillips 66 will post 7.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PSX shares. Bank of America assumed coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target on the stock. Wells Fargo & Company increased their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Scotiabank decreased 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. Finally, UBS Group lowered their target price 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. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.