CX Institutional Acquires 233 Shares of Phillips 66 (NYSE:PSX)

CX Institutional grew its holdings in Phillips 66 (NYSE:PSX) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,173 shares of the oil and gas company’s stock after purchasing an additional 233 shares during the quarter. CX Institutional’s holdings in Phillips 66 were worth $362,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Phillips 66 in the 3rd quarter worth approximately $26,000. Values First Advisors Inc. purchased a new position in shares of Phillips 66 in the 3rd quarter worth approximately $30,000. Point72 Hong Kong Ltd purchased a new position in shares of Phillips 66 in the 3rd quarter worth approximately $40,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Phillips 66 in the 2nd quarter worth approximately $51,000. Finally, Hoese & Co LLP grew its position in shares of Phillips 66 by 33.1% in the 3rd quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock worth $53,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

PSX opened at $121.82 on Monday. 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 fifty day moving average price of $121.63 and a 200 day moving average price of $129.07. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The stock has a market cap of $50.31 billion, a P/E ratio of 15.64, a P/E/G ratio of 3.78 and a beta of 1.38.

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

Wall Street Analysts Forecast Growth

PSX has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Wolfe Research raised 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 research report on Friday, January 3rd. Scotiabank dropped their target price on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. UBS Group dropped their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Mizuho dropped their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.