Mirador Capital Partners LP Has $5.38 Million Stake in Phillips 66 (NYSE:PSX)

Mirador Capital Partners LP trimmed its position in shares of Phillips 66 (NYSE:PSX) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,215 shares of the oil and gas company’s stock after selling 334 shares during the period. Phillips 66 accounts for approximately 1.0% of Mirador Capital Partners LP’s investment portfolio, making the stock its 27th biggest position. Mirador Capital Partners LP’s holdings in Phillips 66 were worth $5,379,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Phillips 66 during the third quarter worth $26,000. Values First Advisors Inc. bought a new position in Phillips 66 during the third quarter worth $30,000. Point72 Hong Kong Ltd bought a new position in Phillips 66 during the third quarter worth $40,000. Strategic Investment Solutions Inc. IL bought a new position in Phillips 66 during the second quarter worth $51,000. Finally, Hoese & Co LLP boosted its position in Phillips 66 by 33.1% during the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 100 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Up 0.2 %

Phillips 66 stock opened at $119.18 on Thursday. The firm’s fifty day moving average price is $122.91 and its two-hundred day moving average price is $130.03. The firm has a market capitalization of $49.22 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 3.17 and a beta of 1.38. 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 1-year low of $108.90 and a 1-year high of $174.08.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter last year, the company posted $4.63 earnings per share. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, equities research analysts predict that Phillips 66 will post 7.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PSX shares. UBS Group reduced 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 report on Monday, November 4th. Barclays reduced their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday. Wells Fargo & Company reduced their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Scotiabank reduced their target price on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus target price of $147.93.

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.