7,036 Shares in Phillips 66 (NYSE:PSX) Purchased by Oak Thistle LLC

Oak Thistle LLC bought a new stake in shares of Phillips 66 (NYSE:PSX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,036 shares of the oil and gas company’s stock, valued at approximately $802,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSX. Van ECK Associates Corp boosted its position in shares of Phillips 66 by 263.3% during the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock worth $10,753,000 after buying an additional 60,355 shares during the period. Everence Capital Management Inc. bought a new stake in Phillips 66 during the 4th quarter valued at $3,033,000. Mizuho Securities USA LLC raised its stake in Phillips 66 by 7,549.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock valued at $328,625,000 after acquiring an additional 2,467,316 shares in the last quarter. Nwam LLC acquired a new position in Phillips 66 during the 3rd quarter worth $498,000. Finally, Principal Financial Group Inc. grew its stake in shares of Phillips 66 by 2.8% in the third quarter. Principal Financial Group Inc. now owns 530,807 shares of the oil and gas company’s stock worth $69,775,000 after purchasing an additional 14,209 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Up 1.5 %

Shares of NYSE PSX opened at $119.04 on Thursday. 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 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a market cap of $49.16 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 4.06 and a beta of 1.38. The business has a fifty day simple moving average of $122.91 and a 200-day simple moving average of $130.03.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. The company 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 quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.63 earnings per share. Sell-side analysts predict that Phillips 66 will post 7.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. UBS Group reduced their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Scotiabank lowered their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Mizuho cut their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.