AA Financial Advisors LLC Buys 415 Shares of Phillips 66 (NYSE:PSX)

AA Financial Advisors LLC lifted its position in Phillips 66 (NYSE:PSX) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,256 shares of the oil and gas company’s stock after acquiring an additional 415 shares during the quarter. AA Financial Advisors LLC’s holdings in Phillips 66 were worth $599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PSX. Northwestern Mutual Wealth Management Co. lifted its position in shares of Phillips 66 by 7.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 39,449 shares of the oil and gas company’s stock worth $5,569,000 after buying an additional 2,596 shares in the last quarter. Advisory Alpha LLC increased its position in shares of Phillips 66 by 4.8% during the second quarter. Advisory Alpha LLC now owns 1,648 shares of the oil and gas company’s stock valued at $233,000 after acquiring an additional 76 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Phillips 66 during the second quarter worth $51,000. Sanctuary Advisors LLC purchased a new position in Phillips 66 in the second quarter worth $16,675,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Phillips 66 by 243.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 423,000 shares of the oil and gas company’s stock valued at $59,715,000 after purchasing an additional 300,000 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

Phillips 66 stock opened at $120.71 on Friday. The business has a 50-day simple moving average of $121.08 and a 200 day simple moving average of $128.77. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The stock has a market cap of $49.85 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 4.03 and a beta of 1.38. 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 posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. On average, research analysts forecast that Phillips 66 will post 6.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PSX. Bank of America started coverage on Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 target price on the stock. Barclays lowered 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. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Scotiabank lowered their price target on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Mizuho dropped their price objective 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. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Phillips 66 presently has a consensus 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.