12,625 Shares in Phillips 66 (NYSE:PSX) Bought by Donoghue Forlines LLC

Donoghue Forlines LLC bought a new stake in Phillips 66 (NYSE:PSX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,625 shares of the oil and gas company’s stock, valued at approximately $1,438,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PSX. nVerses Capital LLC bought a new stake in Phillips 66 in the 3rd quarter valued at about $26,000. Values First Advisors Inc. acquired a new stake in shares of Phillips 66 in the third quarter valued at approximately $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Phillips 66 during the third quarter valued at approximately $40,000. Sugar Maple Asset Management LLC bought a new stake in shares of Phillips 66 during the fourth quarter valued at about $47,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Phillips 66 during the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PSX. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Mizuho decreased their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Wells Fargo & Company dropped their price objective on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Finally, Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Stock Up 1.0 %

PSX stock opened at $119.72 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The firm has a market capitalization of $49.44 billion, a P/E ratio of 15.34, a P/E/G ratio of 3.84 and a beta of 1.38. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08. The company’s 50 day simple moving average is $121.95 and its 200-day simple moving average is $129.24.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. The business had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. Phillips 66’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.63 earnings per share. As a group, equities research analysts anticipate that Phillips 66 will post 6.41 EPS for the current year.

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.