Nisa Investment Advisors LLC Has $28.53 Million Holdings in Phillips 66 (NYSE:PSX)

Nisa Investment Advisors LLC increased its position in shares of Phillips 66 (NYSE:PSX) by 32.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,404 shares of the oil and gas company’s stock after purchasing an additional 60,843 shares during the period. Nisa Investment Advisors LLC owned about 0.06% of Phillips 66 worth $28,529,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of Phillips 66 in the 3rd quarter valued at approximately $26,000. Values First Advisors Inc. bought a new stake in Phillips 66 in the third quarter valued at $30,000. Point72 Hong Kong Ltd acquired a new position in Phillips 66 during the third quarter worth $40,000. Sugar Maple Asset Management LLC bought a new position in shares of Phillips 66 during the fourth quarter valued at $47,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Phillips 66 in the 2nd quarter valued at $51,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Performance

PSX stock opened at $118.55 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The business’s fifty day moving average is $122.18 and its 200-day moving average is $129.32. The company has a market cap of $48.96 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 3.84 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last issued its earnings results 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 firm 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 company’s revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.63 earnings per share. Equities research analysts forecast that Phillips 66 will post 6.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PSX shares. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price target on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Barclays cut their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Scotiabank decreased their target price on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.93.

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.