Advisory Alpha LLC Acquires 979 Shares of Phillips 66 (NYSE:PSX)

Advisory Alpha LLC raised its holdings in Phillips 66 (NYSE:PSX) by 51.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,894 shares of the oil and gas company’s stock after acquiring an additional 979 shares during the period. Advisory Alpha LLC’s holdings in Phillips 66 were worth $330,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Phillips 66 during the third quarter valued at about $26,000. Values First Advisors Inc. acquired a new stake in shares of Phillips 66 during the third quarter valued at about $30,000. Point72 Hong Kong Ltd acquired a new stake in shares of Phillips 66 during the third quarter valued at about $40,000. Sugar Maple Asset Management LLC acquired a new position in shares of Phillips 66 in the fourth quarter worth approximately $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. Institutional investors own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PSX has been the topic of a number of recent analyst reports. Barclays cut their price objective 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. JPMorgan Chase & Co. dropped their price target 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. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Scotiabank dropped their price target on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company dropped their price target on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Stock Performance

Shares of PSX opened at $122.62 on Friday. The stock’s 50-day simple moving average is $121.95 and its 200 day simple moving average is $129.24. The stock has a market capitalization of $50.64 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 3.84 and a beta of 1.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. 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 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 for the quarter, compared to analysts’ expectations of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.63 EPS. Research analysts forecast that Phillips 66 will post 6.41 EPS for the current fiscal year.

Phillips 66 Company 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.