Phillips 66 (NYSE:PSX) Shares Bought by Allen Capital Group LLC

Allen Capital Group LLC lifted its position in shares of Phillips 66 (NYSE:PSX) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,636 shares of the oil and gas company’s stock after buying an additional 265 shares during the period. Allen Capital Group LLC’s holdings in Phillips 66 were worth $642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. nVerses Capital LLC acquired a new stake in shares of Phillips 66 during the third quarter worth $26,000. Values First Advisors Inc. acquired a new position in shares of Phillips 66 during the 3rd quarter valued at about $30,000. Webster Bank N. A. boosted its position in shares of Phillips 66 by 48.4% in the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 88 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Phillips 66 in the third quarter valued at approximately $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Phillips 66 in the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PSX. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. JPMorgan Chase & Co. reduced their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Bank of America assumed coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective for the company. Wells Fargo & Company cut their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Finally, Scotiabank reduced their target price on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a 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 stock. According to MarketBeat, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 Stock Up 0.9 %

Shares of Phillips 66 stock opened at $122.26 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $50.49 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 3.78 and a beta of 1.38. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The business’s 50 day simple moving average is $121.27 and its 200-day simple moving average is $128.82.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (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 business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.63 EPS. Equities research analysts forecast 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.