Gladstone Institutional Advisory LLC Buys 3,341 Shares of Phillips 66 (NYSE:PSX)

Gladstone Institutional Advisory LLC grew its position in Phillips 66 (NYSE:PSX) by 11.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 32,535 shares of the oil and gas company’s stock after purchasing an additional 3,341 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Phillips 66 were worth $3,707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in Phillips 66 during the 3rd quarter valued at about $26,000. Stephens Consulting LLC lifted its stake in shares of Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 111 shares during the period. Values First Advisors Inc. bought a new position in shares of Phillips 66 in the 3rd quarter worth $30,000. Webster Bank N. A. boosted its position in shares of Phillips 66 by 48.4% in the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 88 shares during the last quarter. Finally, YANKCOM Partnership acquired a new stake in shares of Phillips 66 during the fourth quarter worth $31,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Shares of PSX stock opened at $129.74 on Wednesday. The company has a fifty day moving average price of $119.04 and a two-hundred day moving average price of $127.66. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The stock has a market cap of $53.58 billion, a P/E ratio of 26.26, a P/E/G ratio of 5.64 and a beta of 1.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the prior year, the firm posted $3.09 EPS. As a group, equities analysts predict that Phillips 66 will post 7.14 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays reduced their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Bank of America initiated coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective on the stock. StockNews.com lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Finally, Mizuho reduced their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

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.