Phillips 66 (NYSE:PSX) Stock Holdings Raised by Annex Advisory Services LLC

Annex Advisory Services LLC lifted its stake in shares of Phillips 66 (NYSE:PSX) by 25.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,922 shares of the oil and gas company’s stock after purchasing an additional 33,290 shares during the period. Annex Advisory Services LLC’s holdings in Phillips 66 were worth $18,562,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Grove Bank & Trust lifted its stake in Phillips 66 by 12.7% during the fourth quarter. Grove Bank & Trust now owns 1,088 shares of the oil and gas company’s stock worth $124,000 after purchasing an additional 123 shares during the last quarter. J2 Capital Management Inc bought a new position in shares of Phillips 66 in the 4th quarter worth about $478,000. Aaron Wealth Advisors LLC boosted its holdings in shares of Phillips 66 by 13.1% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,635 shares of the oil and gas company’s stock valued at $414,000 after buying an additional 420 shares during the period. HB Wealth Management LLC boosted its holdings in shares of Phillips 66 by 14.0% in the 4th quarter. HB Wealth Management LLC now owns 22,539 shares of the oil and gas company’s stock valued at $2,568,000 after buying an additional 2,768 shares during the period. Finally, Trust Co. of Vermont raised its stake in Phillips 66 by 3.4% during the fourth quarter. Trust Co. of Vermont now owns 4,780 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 157 shares during the period. Institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Friday, January 3rd. UBS Group lowered their price objective 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. Bank of America assumed coverage on Phillips 66 in a research note on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price on the stock. Mizuho lowered their price target 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. Finally, Barclays cut their price objective 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. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 Trading Up 0.8 %

Shares of PSX stock opened at $120.64 on Monday. The stock has a 50-day simple moving average of $122.47 and a 200 day simple moving average of $129.66. The stock has a market capitalization of $49.82 billion, a P/E ratio of 15.49, a P/E/G ratio of 3.17 and a beta of 1.38. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. 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 (NYSE:PSX) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same period in the previous year, the firm earned $4.63 EPS. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, sell-side analysts expect that Phillips 66 will post 7.22 earnings per share for the current fiscal year.

About Phillips 66

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.