Fort Washington Investment Advisors Inc. OH Buys 43,631 Shares of Phillips 66 (NYSE:PSX)

Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Phillips 66 (NYSE:PSX) by 22.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 238,300 shares of the oil and gas company’s stock after buying an additional 43,631 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Phillips 66 were worth $27,150,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in shares of Phillips 66 by 263.3% during the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock worth $10,753,000 after acquiring an additional 60,355 shares during the period. Everence Capital Management Inc. purchased a new stake in Phillips 66 in the fourth quarter worth $3,033,000. Mizuho Securities USA LLC raised its holdings in Phillips 66 by 7,549.0% in the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after purchasing an additional 2,467,316 shares in the last quarter. Annex Advisory Services LLC lifted its position in Phillips 66 by 25.7% during the fourth quarter. Annex Advisory Services LLC now owns 162,922 shares of the oil and gas company’s stock valued at $18,562,000 after buying an additional 33,290 shares during the period. Finally, Nwam LLC bought a new stake in shares of Phillips 66 during the 3rd quarter valued at $498,000. 76.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lowered 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. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Barclays cut their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Bank of America started coverage on Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 Price Performance

NYSE PSX opened at $118.55 on Thursday. The stock has a market capitalization of $48.96 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 3.84 and a beta of 1.38. Phillips 66 has a 1-year low of $108.90 and a 1-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 business’s fifty day moving average price is $122.18 and its 200-day moving average price is $129.32.

Phillips 66 (NYSE:PSX) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. The company had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. Phillips 66’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.63 earnings per share. On average, equities analysts predict that Phillips 66 will post 6.41 earnings per share for the current year.

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.