Phillips 66 (NYSE:PSX) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC boosted its stake in Phillips 66 (NYSE:PSX) by 26.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,057 shares of the oil and gas company’s stock after buying an additional 4,419 shares during the period. Procyon Advisors LLC’s holdings in Phillips 66 were worth $2,399,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Phillips 66 by 2.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 112,280 shares of the oil and gas company’s stock worth $15,851,000 after acquiring an additional 2,582 shares during the last quarter. Argent Trust Co lifted its stake in Phillips 66 by 3.1% during the second quarter. Argent Trust Co now owns 8,715 shares of the oil and gas company’s stock worth $1,230,000 after purchasing an additional 262 shares in the last quarter. XTX Topco Ltd acquired a new position in Phillips 66 during the second quarter worth $534,000. MQS Management LLC purchased a new position in shares of Phillips 66 during the second quarter worth $334,000. Finally, Intech Investment Management LLC grew its stake in shares of Phillips 66 by 40.9% in the second quarter. Intech Investment Management LLC now owns 146,221 shares of the oil and gas company’s stock valued at $20,642,000 after buying an additional 42,457 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Up 0.8 %

Shares of NYSE PSX opened at $120.64 on Friday. The business has a 50-day moving average of $122.59 and a two-hundred day moving average of $129.88. The company has a market capitalization of $49.82 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 3.17 and a beta of 1.38. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. During the same period in the prior year, the company posted $4.63 earnings per share. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, analysts forecast that Phillips 66 will post 7.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho decreased their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Barclays reduced 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 research report on Monday, January 13th. Bank of America initiated coverage on shares of Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price objective for the company. 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 report on Monday, November 4th. Finally, Wells Fargo & Company dropped their price target on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus price target 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.