Folger Nolan Fleming Douglas Capital Management Inc. Has $288,000 Stock Holdings in Phillips 66 (NYSE:PSX)

Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in shares of Phillips 66 (NYSE:PSX) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,525 shares of the oil and gas company’s stock after acquiring an additional 200 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Phillips 66 were worth $288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mercer Global Advisors Inc. ADV lifted its position in shares of Phillips 66 by 2.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 112,280 shares of the oil and gas company’s stock worth $15,851,000 after buying an additional 2,582 shares during the last quarter. Argent Trust Co lifted its holdings in Phillips 66 by 3.1% in the 2nd quarter. Argent Trust Co now owns 8,715 shares of the oil and gas company’s stock worth $1,230,000 after purchasing an additional 262 shares during the last quarter. XTX Topco Ltd acquired a new stake in Phillips 66 in the 2nd quarter worth approximately $534,000. MQS Management LLC bought a new stake in Phillips 66 during the second quarter worth approximately $334,000. Finally, Intech Investment Management LLC grew its holdings in Phillips 66 by 40.9% during the second quarter. Intech Investment Management LLC now owns 146,221 shares of the oil and gas company’s stock valued at $20,642,000 after purchasing an additional 42,457 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PSX shares. Scotiabank decreased their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Mizuho lowered their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Barclays cut their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. 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. Finally, Wells Fargo & Company reduced their price objective on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Trading Up 0.8 %

Shares of PSX opened at $120.64 on Friday. The stock has a fifty day moving average price of $122.59 and a two-hundred day moving average price of $129.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The company has a market cap of $49.82 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 3.17 and a beta of 1.38. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08.

Phillips 66 (NYSE:PSX) last announced its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $36.31 billion. During the same period in the previous year, the firm posted $4.63 earnings per share. The company’s revenue was down 10.3% on a year-over-year basis. Analysts predict that Phillips 66 will post 7.22 EPS 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.