Brown Lisle Cummings Inc. Has $82,000 Holdings in Phillips 66 (NYSE:PSX)

Brown Lisle Cummings Inc. grew its holdings in Phillips 66 (NYSE:PSX) by 161.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 720 shares of the oil and gas company’s stock after purchasing an additional 445 shares during the period. Brown Lisle Cummings Inc.’s holdings in Phillips 66 were worth $82,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PSX. Van ECK Associates Corp increased its stake in Phillips 66 by 263.3% in the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after buying an additional 60,355 shares during the period. Everence Capital Management Inc. purchased a new position in shares of Phillips 66 during the 4th quarter valued at $3,033,000. Donoghue Forlines LLC acquired a new position in shares of Phillips 66 in the fourth quarter worth $1,438,000. Mizuho Securities USA LLC raised its holdings in shares of Phillips 66 by 7,549.0% during 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 acquiring an additional 2,467,316 shares in the last quarter. Finally, Annex Advisory Services LLC boosted 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 purchasing an additional 33,290 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Stock Performance

Shares of NYSE PSX opened at $123.58 on Wednesday. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a market cap of $51.04 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.89 and a beta of 1.37. The business’s 50 day moving average is $120.23 and its two-hundred day moving average is $128.25. 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 earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the prior year, the business posted $3.09 EPS. On average, equities analysts expect that Phillips 66 will post 7.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Mizuho lowered their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Barclays decreased 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 report on Monday, January 13th. Scotiabank cut their price target 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. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Finally, UBS Group cut their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

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.