Endeavor Private Wealth Inc. Takes $112,000 Position in Phillips 66 (NYSE:PSX)

Endeavor Private Wealth Inc. bought a new position in shares of Phillips 66 (NYSE:PSX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 987 shares of the oil and gas company’s stock, valued at approximately $112,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in shares of Phillips 66 in the third quarter worth $26,000. Values First Advisors Inc. bought a new stake in shares of Phillips 66 in the 3rd quarter valued at about $30,000. Point72 Hong Kong Ltd acquired a new stake in shares of Phillips 66 in the third quarter valued at about $40,000. Sugar Maple Asset Management LLC bought a new position in shares of Phillips 66 during the fourth quarter worth about $47,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Phillips 66 in the second quarter worth approximately $51,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Stock Down 1.6 %

Phillips 66 stock opened at $118.55 on Thursday. The firm has a market capitalization of $48.96 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 3.84 and a beta of 1.38. The firm’s fifty day moving average price is $121.95 and its two-hundred day moving average price is $129.24. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating the consensus estimate 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 revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $4.63 EPS. On average, equities research analysts predict that Phillips 66 will post 6.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Mizuho decreased 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 report on Monday, December 16th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. Wells Fargo & Company dropped their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Barclays lowered their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 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.