Phillips 66 (NYSE:PSX) Shares Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its stake in shares of Phillips 66 (NYSE:PSX) by 14.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 48,900 shares of the oil and gas company’s stock after purchasing an additional 6,071 shares during the quarter. Arkadios Wealth Advisors’ holdings in Phillips 66 were worth $5,571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. nVerses Capital LLC acquired a new position in Phillips 66 in the 3rd quarter worth approximately $26,000. Values First Advisors Inc. acquired a new stake in shares of Phillips 66 in the third quarter worth $30,000. Point72 Hong Kong Ltd purchased a new position in shares of Phillips 66 during the third quarter worth $40,000. Strategic Investment Solutions Inc. IL acquired a new position in Phillips 66 during the second quarter valued at $51,000. Finally, Hoese & Co LLP boosted its holdings in Phillips 66 by 33.1% in the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock valued at $53,000 after purchasing an additional 100 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PSX shares. Bank of America began coverage on Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective for the company. Barclays decreased their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Mizuho cut their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. lowered their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Finally, Scotiabank cut their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 Price Performance

Shares of Phillips 66 stock opened at $120.64 on Friday. The stock has a market capitalization of $49.82 billion, a P/E ratio of 15.49, a PEG ratio of 3.17 and a beta of 1.38. The business has a 50 day simple moving average of $122.59 and a two-hundred day simple moving average of $129.88. Phillips 66 has a 12 month low of $108.90 and a 12 month 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 data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share 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 company had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. During the same quarter last year, the firm posted $4.63 EPS. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. As a group, analysts predict that Phillips 66 will post 7.22 EPS 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.