Hunter Associates Investment Management LLC Raises Stock Position in Phillips 66 (NYSE:PSX)

Hunter Associates Investment Management LLC lifted its position in Phillips 66 (NYSE:PSX) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,009 shares of the oil and gas company’s stock after purchasing an additional 98 shares during the period. Hunter Associates Investment Management LLC’s holdings in Phillips 66 were worth $794,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PSX. Mizuho Securities USA LLC lifted its holdings in shares of Phillips 66 by 7,549.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after buying an additional 2,467,316 shares during the period. ING Groep NV lifted its stake in Phillips 66 by 123.2% in the third quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company’s stock worth $155,503,000 after acquiring an additional 653,032 shares during the period. Bank of Montreal Can grew its holdings in Phillips 66 by 63.4% during the 3rd quarter. Bank of Montreal Can now owns 1,633,876 shares of the oil and gas company’s stock worth $214,120,000 after acquiring an additional 633,970 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in Phillips 66 during the 3rd quarter valued at about $70,983,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Phillips 66 by 73.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 732,556 shares of the oil and gas company’s stock valued at $96,294,000 after purchasing an additional 309,507 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 1.2 %

NYSE:PSX opened at $120.71 on Friday. 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 has a twelve month low of $108.90 and a twelve month high of $174.08. The company has a market cap of $49.85 billion, a PE ratio of 15.50, a P/E/G ratio of 4.03 and a beta of 1.38. The company’s 50 day moving average is $121.08 and its two-hundred day moving average is $128.77.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. Analysts anticipate that Phillips 66 will post 6.27 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on PSX shares. Bank of America began coverage on shares of Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective on the stock. Wells Fargo & Company cut their price target on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. Scotiabank dropped 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. Finally, Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Five investment 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 currently has an average rating of “Moderate Buy” and an average price target 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.