F&V Capital Management LLC Purchases 555 Shares of Phillips 66 (NYSE:PSX)

F&V Capital Management LLC lifted its position in shares of Phillips 66 (NYSE:PSX) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 134,240 shares of the oil and gas company’s stock after buying an additional 555 shares during the quarter. Phillips 66 accounts for approximately 4.0% of F&V Capital Management LLC’s holdings, making the stock its 8th largest position. F&V Capital Management LLC’s holdings in Phillips 66 were worth $15,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PSX. nVerses Capital LLC purchased a new stake in Phillips 66 in the 3rd quarter valued at about $26,000. Values First Advisors Inc. purchased a new position in shares of Phillips 66 during the 3rd quarter worth 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. Crews Bank & Trust purchased a new stake in Phillips 66 in the fourth quarter valued at approximately $32,000. Finally, Point72 Hong Kong Ltd acquired a new position in Phillips 66 during the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays decreased their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Wells Fargo & Company boosted their target price on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Mizuho cut their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Trading Down 0.0 %

NYSE PSX opened at $117.85 on Tuesday. The stock has a market cap of $48.67 billion, a P/E ratio of 23.86, a PEG ratio of 3.89 and a beta of 1.37. The company’s fifty day simple moving average is $120.54 and its 200-day simple moving average is $128.39. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. 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) 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 last year, the business posted $3.09 earnings per share. Equities research analysts predict that Phillips 66 will post 7.57 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.