Persium Advisors LLC Takes Position in Phillips 66 (NYSE:PSX)

Persium Advisors LLC acquired a new position in shares of Phillips 66 (NYSE:PSX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,002 shares of the oil and gas company’s stock, valued at approximately $342,000.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Phillips 66 by 3.9% during the second quarter. American Century Companies Inc. now owns 309,478 shares of the oil and gas company’s stock worth $43,689,000 after purchasing an additional 11,711 shares in the last quarter. Federated Hermes Inc. raised its position in Phillips 66 by 62.0% in the 2nd quarter. Federated Hermes Inc. now owns 85,219 shares of the oil and gas company’s stock valued at $12,030,000 after purchasing an additional 32,623 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in Phillips 66 by 21.7% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 10,383 shares of the oil and gas company’s stock worth $1,465,000 after purchasing an additional 1,848 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Phillips 66 by 20.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 94,182 shares of the oil and gas company’s stock valued at $13,296,000 after buying an additional 16,020 shares during the last quarter. Finally, Wilkins Investment Counsel Inc. grew its holdings in shares of Phillips 66 by 0.6% during the second quarter. Wilkins Investment Counsel Inc. now owns 17,178 shares of the oil and gas company’s stock worth $2,425,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analyst Ratings Changes

PSX has been the subject of several analyst reports. Morgan Stanley cut their price target on Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. JPMorgan Chase & Co. reduced their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Wells Fargo & Company lowered their price objective on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. UBS Group cut their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Bank of America initiated coverage on Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Trading Up 1.8 %

NYSE PSX traded up $2.09 during mid-day trading on Monday, reaching $116.02. 3,136,792 shares of the stock were exchanged, compared to its average volume of 2,812,474. The stock has a market capitalization of $47.91 billion, a PE ratio of 14.89, a PEG ratio of 4.06 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 1-year low of $108.90 and a 1-year high of $174.08. The business’s fifty day simple moving average is $123.10 and its 200 day simple moving average is $130.36.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.41. The business had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company’s revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $4.63 EPS. On average, research analysts anticipate that Phillips 66 will post 7.56 earnings per share 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.