4,180 Shares in Phillips 66 (NYSE:PSX) Acquired by Johnson & White Wealth Management LLC

Johnson & White Wealth Management LLC acquired a new position in Phillips 66 (NYSE:PSX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,180 shares of the oil and gas company’s stock, valued at approximately $478,000.

Several other institutional investors have also recently bought and sold shares of the stock. Advisory Alpha LLC increased its position in shares of 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 buying an additional 76 shares in the last quarter. Krane Funds Advisors LLC increased its position in shares of Phillips 66 by 3.6% in 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 in the last quarter. Richwood Investment Advisors LLC increased its position in shares of Phillips 66 by 1.9% in the 3rd quarter. Richwood Investment Advisors LLC now owns 4,580 shares of the oil and gas company’s stock valued at $602,000 after buying an additional 85 shares in the last quarter. Cobblestone Capital Advisors LLC NY increased its position in shares of Phillips 66 by 0.5% in the 3rd 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 buying an additional 89 shares in the last quarter. Finally, Western Financial Corp CA increased its position in shares of Phillips 66 by 1.6% in the 3rd quarter. Western Financial Corp CA now owns 5,882 shares of the oil and gas company’s stock valued at $773,000 after buying an additional 91 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Up 1.8 %

Phillips 66 stock opened at $116.02 on Tuesday. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The company’s 50-day moving average price is $123.00 and its two-hundred day moving average price is $130.20. The stock has a market cap of $47.91 billion, a P/E ratio of 14.89, a P/E/G ratio of 4.06 and a beta of 1.38. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) 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 analysts’ expectations of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the firm posted $4.63 earnings per share. As a group, analysts expect that Phillips 66 will post 7.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PSX. Scotiabank reduced 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. Morgan Stanley reduced their target price on shares of Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Wells Fargo & Company reduced their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Mizuho reduced their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Barclays reduced their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.