Fiduciary Alliance LLC Takes Position in Phillips 66 (NYSE:PSX)

Fiduciary Alliance LLC purchased a new stake in shares of Phillips 66 (NYSE:PSX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,559 shares of the oil and gas company’s stock, valued at approximately $861,000.

Several other large investors have also recently added to or reduced their stakes in PSX. nVerses Capital LLC acquired a new stake in shares of Phillips 66 during the third quarter worth $26,000. Values First Advisors Inc. acquired a new stake in Phillips 66 during the third quarter worth about $30,000. Point72 Hong Kong Ltd bought a new position in Phillips 66 in the third quarter worth about $40,000. Strategic Investment Solutions Inc. IL acquired a new position in Phillips 66 in the second quarter valued at approximately $51,000. Finally, Hoese & Co LLP grew its holdings in shares of Phillips 66 by 33.1% during the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock valued at $53,000 after purchasing an additional 100 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Bank of America began coverage on Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a report 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 report on Monday. Wolfe Research raised 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. Finally, UBS Group dropped their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Trading Up 1.8 %

Shares of PSX stock opened at $116.02 on Tuesday. The stock has a 50-day simple moving average of $123.00 and a 200 day simple moving average of $130.20. The stock has a market capitalization of $47.91 billion, a P/E ratio of 14.89, a P/E/G ratio of 4.06 and a beta of 1.38. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. 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 data 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. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same quarter last year, the firm posted $4.63 EPS. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, sell-side analysts expect that Phillips 66 will post 7.56 earnings per share for the current fiscal year.

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.