Aaron Wealth Advisors LLC Grows Position in Phillips 66 (NYSE:PSX)

Aaron Wealth Advisors LLC grew its stake in shares of Phillips 66 (NYSE:PSX) by 13.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,635 shares of the oil and gas company’s stock after purchasing an additional 420 shares during the period. Aaron Wealth Advisors LLC’s holdings in Phillips 66 were worth $414,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PSX. Advisory Alpha LLC grew its stake in Phillips 66 by 4.8% in the 2nd quarter. Advisory Alpha LLC now owns 1,648 shares of the oil and gas company’s stock valued at $233,000 after acquiring an additional 76 shares during the last quarter. Krane Funds Advisors LLC grew its holdings in Phillips 66 by 3.6% during the 3rd quarter. Krane Funds Advisors LLC now owns 2,350 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 82 shares during the last quarter. Richwood Investment Advisors LLC lifted its position in shares of Phillips 66 by 1.9% in the third quarter. Richwood Investment Advisors LLC now owns 4,580 shares of the oil and gas company’s stock valued at $602,000 after acquiring an additional 85 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its stake in shares of Phillips 66 by 0.5% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company’s stock valued at $2,307,000 after acquiring an additional 89 shares during the last quarter. Finally, Western Financial Corp CA increased its position in Phillips 66 by 1.6% during the 3rd quarter. Western Financial Corp CA now owns 5,882 shares of the oil and gas company’s stock worth $773,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Shares of NYSE PSX opened at $120.64 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $122.47 and its two-hundred day moving average price is $129.66. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08. The stock has a market capitalization of $49.82 billion, a P/E ratio of 15.49, a P/E/G ratio of 3.17 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter last year, the business posted $4.63 EPS. The business’s revenue was down 10.3% on a year-over-year basis. As a group, sell-side analysts forecast that Phillips 66 will post 7.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PSX has been the topic of a number of recent research reports. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Scotiabank lowered 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 note on Thursday, October 10th. Mizuho cut 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. JPMorgan Chase & Co. decreased their price objective 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, Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and an average target price of $147.93.

Phillips 66 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.