Everpar Advisors LLC Buys 96 Shares of Phillips 66 (NYSE:PSX)

Everpar Advisors LLC grew its stake in shares of Phillips 66 (NYSE:PSX) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,005 shares of the oil and gas company’s stock after purchasing an additional 96 shares during the quarter. Everpar Advisors LLC’s holdings in Phillips 66 were worth $456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PSX. nVerses Capital LLC bought a new stake in Phillips 66 in the 3rd quarter worth $26,000. Values First Advisors Inc. purchased a new stake in shares of Phillips 66 during the third quarter worth about $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Phillips 66 in the third quarter worth about $40,000. Strategic Investment Solutions Inc. IL purchased a new position in Phillips 66 during the 2nd quarter valued at about $51,000. Finally, Hoese & Co LLP raised its position 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 valued at $53,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

PSX has been the topic of a number of recent analyst reports. Scotiabank cut their price objective on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Barclays reduced their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday. Mizuho dropped their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. UBS Group reduced their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Wolfe Research upgraded 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. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 Trading Up 0.6 %

Phillips 66 stock opened at $119.68 on Friday. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a market capitalization of $49.43 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 3.17 and a beta of 1.38. The business’s fifty day simple moving average is $122.73 and its two-hundred day simple moving average is $129.95. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. The company had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. Phillips 66’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $4.63 EPS. As a group, equities analysts predict that Phillips 66 will post 7.22 earnings per share 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.