Blue Trust Inc. Buys 2,016 Shares of Phillips 66 (NYSE:PSX)

Blue Trust Inc. lifted its holdings in shares of Phillips 66 (NYSE:PSX) by 28.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,984 shares of the oil and gas company’s stock after buying an additional 2,016 shares during the quarter. Blue Trust Inc.’s holdings in Phillips 66 were worth $1,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PSX. nVerses Capital LLC bought a new position in shares of Phillips 66 during the 3rd quarter valued at $26,000. Values First Advisors Inc. bought a new position in shares of Phillips 66 during the 3rd quarter valued at $30,000. Point72 Hong Kong Ltd purchased a new stake in Phillips 66 during the 3rd quarter valued at $40,000. Sugar Maple Asset Management LLC purchased a new stake in Phillips 66 during the 4th quarter valued at $47,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Phillips 66 during the 2nd quarter valued at $51,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Down 1.6 %

NYSE:PSX opened at $121.13 on Wednesday. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. 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 company’s 50-day simple moving average is $121.46 and its 200 day simple moving average is $128.94. The firm has a market capitalization of $50.02 billion, a P/E ratio of 15.55, a PEG ratio of 3.78 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PSX. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. dropped their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Bank of America began coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 price target for the company. Wells Fargo & Company dropped their price target 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. Finally, Scotiabank dropped 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. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.93.

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.