Phillips 66 (NYSE:PSX) Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its holdings in Phillips 66 (NYSE:PSX) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 620 shares of the oil and gas company’s stock after acquiring an additional 160 shares during the quarter. Sound Income Strategies LLC’s holdings in Phillips 66 were worth $71,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LexAurum Advisors LLC bought a new position in shares of Phillips 66 in the fourth quarter valued at $380,000. RFG Advisory LLC grew its holdings in shares of Phillips 66 by 9.2% in the 4th quarter. RFG Advisory LLC now owns 7,362 shares of the oil and gas company’s stock worth $839,000 after acquiring an additional 623 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Phillips 66 by 10.9% during the fourth quarter. Cornerstone Wealth Management LLC now owns 7,000 shares of the oil and gas company’s stock worth $798,000 after purchasing an additional 686 shares during the period. Brighton Jones LLC lifted its holdings in shares of Phillips 66 by 238.5% during the fourth quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock valued at $1,166,000 after purchasing an additional 7,214 shares during the last quarter. Finally, Montecito Bank & Trust boosted its position in shares of Phillips 66 by 17.2% in the 4th quarter. Montecito Bank & Trust now owns 5,204 shares of the oil and gas company’s stock valued at $593,000 after purchasing an additional 765 shares during the period. 76.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on PSX. UBS Group cut their price objective on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. cut their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Scotiabank decreased their price objective 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. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Barclays reduced their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Stock Down 0.6 %

PSX stock opened at $121.82 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm has a market cap of $50.31 billion, a PE ratio of 15.64, a PEG ratio of 3.78 and a beta of 1.38. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The company has a fifty day simple moving average of $121.63 and a 200 day simple moving average of $129.10.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating 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 business had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. During the same quarter in the prior year, the firm posted $4.63 EPS. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. Sell-side analysts anticipate that Phillips 66 will post 6.41 EPS for the current fiscal 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.