Great Lakes Retirement Inc. Has $1.24 Million Stake in Phillips 66 (NYSE:PSX)

Great Lakes Retirement Inc. grew its stake in shares of Phillips 66 (NYSE:PSX) by 4.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,904 shares of the oil and gas company’s stock after buying an additional 491 shares during the period. Great Lakes Retirement Inc.’s holdings in Phillips 66 were worth $1,242,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in shares of Phillips 66 by 263.3% during the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock worth $10,753,000 after purchasing an additional 60,355 shares in the last quarter. Flavin Financial Services Inc. bought a new stake in Phillips 66 in the 4th quarter valued at $1,190,000. Everence Capital Management Inc. bought a new stake in Phillips 66 in the fourth quarter valued at about $3,033,000. Donoghue Forlines LLC bought a new stake in shares of Phillips 66 in the 4th quarter valued at approximately $1,438,000. Finally, Mizuho Securities USA LLC raised its holdings in shares of Phillips 66 by 7,549.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after buying an additional 2,467,316 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PSX shares. Wolfe Research raised 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. UBS Group reduced their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company raised their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Bank of America started coverage on Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target on the stock. Finally, Mizuho lowered their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.00.

Phillips 66 Price Performance

NYSE:PSX opened at $129.74 on Wednesday. The firm’s fifty day moving average price is $119.04 and its two-hundred day moving average price is $127.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The company has a market cap of $53.58 billion, a P/E ratio of 26.26, a P/E/G ratio of 5.64 and a beta of 1.37. Phillips 66 has a one year low of $108.90 and a one year high of $174.08.

Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period last year, the company posted $3.09 earnings per share. Equities analysts expect that Phillips 66 will post 7.14 earnings per share for the current 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.