Thurston Springer Miller Herd & Titak Inc. Has $2.76 Million Stock Position in Phillips 66 (NYSE:PSX)

Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Phillips 66 (NYSE:PSX) by 36.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,231 shares of the oil and gas company’s stock after buying an additional 6,442 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Phillips 66 were worth $2,761,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in Phillips 66 during the 3rd quarter worth approximately $26,000. Values First Advisors Inc. bought a new stake in Phillips 66 during the 3rd quarter worth approximately $30,000. Point72 Hong Kong Ltd bought a new stake in Phillips 66 during the 3rd quarter worth approximately $40,000. Strategic Investment Solutions Inc. IL bought a new stake in Phillips 66 during the 2nd quarter worth approximately $51,000. Finally, Hoese & Co LLP increased its holdings 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 purchasing an additional 100 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Trading Up 0.9 %

NYSE:PSX opened at $117.03 on Wednesday. The company has a market cap of $48.33 billion, a P/E ratio of 15.02, a P/E/G ratio of 4.06 and a beta of 1.38. The stock’s fifty day moving average price is $122.91 and its two-hundred day moving average price is $130.03. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. 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 (NYSE:PSX) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter in the prior year, the business posted $4.63 earnings per share. The business’s quarterly revenue was down 10.3% on a year-over-year basis. As a group, analysts expect that Phillips 66 will post 7.56 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Bank of America initiated coverage on Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price for the company. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Scotiabank reduced their target price on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Barclays reduced their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Phillips 66 has a consensus rating of “Moderate Buy” and an average target price of $147.93.

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.