Chicago Partners Investment Group LLC Acquires 168 Shares of Phillips 66 (NYSE:PSX)

Chicago Partners Investment Group LLC raised its holdings in shares of Phillips 66 (NYSE:PSX) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,604 shares of the oil and gas company’s stock after purchasing an additional 168 shares during the period. Chicago Partners Investment Group LLC’s holdings in Phillips 66 were worth $768,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. nVerses Capital LLC bought a new position in Phillips 66 during the 3rd quarter valued at approximately $26,000. Values First Advisors Inc. purchased a new stake in shares of Phillips 66 in the third quarter worth $30,000. Webster Bank N. A. increased its holdings in shares of Phillips 66 by 48.4% during the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 88 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of Phillips 66 in the 4th quarter worth about $32,000. Finally, Point72 Hong Kong Ltd bought a new position in Phillips 66 in the 3rd quarter worth about $40,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PSX has been the subject of several recent analyst reports. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Mizuho cut their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. 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, January 13th. Bank of America started coverage on Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective on the stock. Finally, UBS Group decreased their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Phillips 66 has an average rating of “Moderate Buy” and an average target price of $147.93.

Phillips 66 Trading Down 3.0 %

Shares of PSX stock opened at $117.24 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The company has a market cap of $48.42 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 4.03 and a beta of 1.38. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The firm has a fifty day moving average price of $120.54 and a 200-day moving average price of $128.48.

Phillips 66 (NYSE:PSX) last released 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 net margin of 2.24% and a return on equity of 13.12%. During the same period in the prior year, the business posted $3.09 EPS. As a group, equities analysts predict that Phillips 66 will post 6.27 earnings per share for the current 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.