WCM Investment Management LLC Buys 14,343 Shares of Phillips 66 (NYSE:PSX)

WCM Investment Management LLC increased its stake in Phillips 66 (NYSE:PSX) by 145.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,233 shares of the oil and gas company’s stock after purchasing an additional 14,343 shares during the period. WCM Investment Management LLC’s holdings in Phillips 66 were worth $2,714,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Phillips 66 during the third quarter worth $26,000. Stephens Consulting LLC increased its position in Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 111 shares during the period. Values First Advisors Inc. acquired a new stake in Phillips 66 in the third quarter worth about $30,000. Webster Bank N. A. raised its holdings in Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 88 shares during the last quarter. Finally, YANKCOM Partnership acquired a new position in Phillips 66 during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. 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 report on Friday, January 3rd. Mizuho cut their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. UBS Group reduced their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Barclays dropped their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Phillips 66 has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Price Performance

NYSE PSX opened at $123.74 on Tuesday. 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 stock has a market cap of $51.10 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 5.64 and a beta of 1.37. The business has a 50 day simple moving average of $119.29 and a 200 day simple moving average of $127.79. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company posted $3.09 EPS. Analysts anticipate that Phillips 66 will post 7.14 earnings per share for the current fiscal 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.