Phillips 66 (NYSE:PSX) Stock Position Increased by Nilsine Partners LLC

Nilsine Partners LLC boosted its holdings in shares of Phillips 66 (NYSE:PSX) by 56.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,059 shares of the oil and gas company’s stock after purchasing an additional 1,464 shares during the period. Nilsine Partners LLC’s holdings in Phillips 66 were worth $462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. nVerses Capital LLC purchased a new position in Phillips 66 during the 3rd quarter worth approximately $26,000. Values First Advisors Inc. acquired a new stake in shares of Phillips 66 in the third quarter worth $30,000. Webster Bank N. A. grew 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 buying an additional 88 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Phillips 66 during the third quarter valued at $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Phillips 66 in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Wells Fargo & Company lowered their price objective on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. JPMorgan Chase & Co. cut their target price on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Barclays lowered their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Mizuho cut their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.93.

Phillips 66 Stock Up 0.8 %

Shares of PSX stock opened at $122.20 on Thursday. The stock’s 50 day simple moving average is $121.27 and its 200 day simple moving average is $128.82. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. 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 capitalization of $50.47 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 3.78 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results 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 for 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 company’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $4.63 earnings per share. As a group, research analysts predict that Phillips 66 will post 6.41 EPS for the current 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.