Stolper Co Purchases 695 Shares of Phillips 66 (NYSE:PSX)

Stolper Co raised its position in Phillips 66 (NYSE:PSX) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,284 shares of the oil and gas company’s stock after acquiring an additional 695 shares during the quarter. Phillips 66 makes up 1.8% of Stolper Co’s investment portfolio, making the stock its 21st largest position. Stolper Co’s holdings in Phillips 66 were worth $5,273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BluePath Capital Management LLC raised its holdings in shares of Phillips 66 by 25.5% during the fourth quarter. BluePath Capital Management LLC now owns 6,030 shares of the oil and gas company’s stock valued at $699,000 after acquiring an additional 1,227 shares in the last quarter. Pinnacle Bancorp Inc. boosted its holdings in Phillips 66 by 3.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,535 shares of the oil and gas company’s stock valued at $289,000 after acquiring an additional 95 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in Phillips 66 by 13.8% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,483 shares of the oil and gas company’s stock valued at $169,000 after purchasing an additional 180 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in Phillips 66 by 36.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 24,231 shares of the oil and gas company’s stock valued at $2,761,000 after purchasing an additional 6,442 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in Phillips 66 by 8.9% in the 4th quarter. Park Avenue Securities LLC now owns 47,774 shares of the oil and gas company’s stock worth $5,443,000 after purchasing an additional 3,905 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

Phillips 66 Trading Up 1.5 %

Shares of NYSE PSX opened at $119.04 on Thursday. The company has a market cap of $49.16 billion, a PE ratio of 15.28, a P/E/G ratio of 3.17 and a beta of 1.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The firm’s 50 day moving average price is $122.91 and its 200-day moving average price is $130.03. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08.

Phillips 66 (NYSE:PSX) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. The business had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.63 EPS. On average, equities research analysts expect that Phillips 66 will post 7.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PSX shares. Barclays decreased their price target 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. JPMorgan Chase & Co. dropped their price target on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Wells Fargo & Company decreased their price objective on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Scotiabank lowered their price objective on 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. Finally, Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.