Foundations Investment Advisors LLC Purchases 721 Shares of Phillips 66 (NYSE:PSX)

Foundations Investment Advisors LLC grew its position in shares of Phillips 66 (NYSE:PSX) by 18.1% in the 4th quarter, HoldingsChannel reports. The firm owned 4,700 shares of the oil and gas company’s stock after acquiring an additional 721 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Phillips 66 were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in Phillips 66 by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 39,449 shares of the oil and gas company’s stock worth $5,569,000 after buying an additional 2,596 shares during the last quarter. Advisory Alpha LLC lifted its holdings in shares of Phillips 66 by 4.8% in the 2nd quarter. Advisory Alpha LLC now owns 1,648 shares of the oil and gas company’s stock worth $233,000 after acquiring an additional 76 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Phillips 66 in the 2nd quarter valued at $51,000. Sanctuary Advisors LLC bought a new position in shares of Phillips 66 during the 2nd quarter valued at $16,675,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Phillips 66 by 243.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 423,000 shares of the oil and gas company’s stock worth $59,715,000 after purchasing an additional 300,000 shares during the period. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PSX has been the subject of a number of recent research reports. 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. Bank of America started coverage on Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective for the company. Barclays decreased 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 note on Monday, January 13th. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Mizuho lowered their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Phillips 66 has an average rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Stock Down 1.2 %

NYSE:PSX opened at $120.71 on Friday. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The company has a market capitalization of $49.85 billion, a PE ratio of 15.50, a P/E/G ratio of 3.78 and a beta of 1.38. The firm’s 50-day moving average price is $121.08 and its 200-day moving average price is $128.77. 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 released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business’s revenue was down 10.3% on a year-over-year basis. During the same period last year, the business earned $4.63 earnings per share. On average, equities analysts predict that Phillips 66 will post 6.41 EPS for the current fiscal year.

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.