FNY Investment Advisers LLC Purchases Shares of 1,100 Phillips 66 (NYSE:PSX)

FNY Investment Advisers LLC acquired a new position in shares of Phillips 66 (NYSE:PSX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,100 shares of the oil and gas company’s stock, valued at approximately $125,000.

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Phillips 66 by 3.9% during the second quarter. American Century Companies Inc. now owns 309,478 shares of the oil and gas company’s stock valued at $43,689,000 after purchasing an additional 11,711 shares in the last quarter. Federated Hermes Inc. boosted its stake in Phillips 66 by 62.0% in the 2nd quarter. Federated Hermes Inc. now owns 85,219 shares of the oil and gas company’s stock valued at $12,030,000 after buying an additional 32,623 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in Phillips 66 by 68.2% in the second quarter. Citizens Financial Group Inc. RI now owns 3,692 shares of the oil and gas company’s stock valued at $521,000 after acquiring an additional 1,497 shares during the period. Excalibur Management Corp raised its stake in Phillips 66 by 3.5% during the second quarter. Excalibur Management Corp now owns 3,443 shares of the oil and gas company’s stock worth $486,000 after acquiring an additional 118 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Phillips 66 by 2.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 112,280 shares of the oil and gas company’s stock valued at $15,851,000 after acquiring an additional 2,582 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays lowered their target price 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. 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. UBS Group cut their target price 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. JPMorgan Chase & Co. reduced their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Finally, Mizuho dropped their price target 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 Trading Up 0.9 %

PSX stock opened at $117.03 on Wednesday. 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 twelve month low of $108.90 and a twelve month high of $174.08. The company has a market cap of $48.33 billion, a P/E ratio of 15.02, a PEG ratio of 4.06 and a beta of 1.38. The business has a fifty day moving average of $122.91 and a 200-day moving average of $130.03.

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, topping analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same period last year, the company earned $4.63 earnings per share. The company’s revenue was down 10.3% on a year-over-year basis. As a group, equities research analysts expect that Phillips 66 will post 7.56 EPS for the current year.

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.