Phillips 66 (NYSE:PSX) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in Phillips 66 (NYSE:PSX) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,915 shares of the oil and gas company’s stock after purchasing an additional 1,057 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Phillips 66 were worth $3,978,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PSX. nVerses Capital LLC purchased a new position in Phillips 66 during the 3rd quarter worth $26,000. Stephens Consulting LLC raised its holdings in Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 111 shares in the last quarter. Values First Advisors Inc. acquired a new stake in Phillips 66 in the third quarter valued at about $30,000. Webster Bank N. A. lifted its position in Phillips 66 by 48.4% in the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 88 shares during the period. Finally, YANKCOM Partnership acquired a new position in Phillips 66 during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Analyst Upgrades and Downgrades

PSX has been the topic of a number of analyst reports. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Mizuho cut their price target 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. StockNews.com lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Wednesday. UBS Group reduced their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Phillips 66 Stock Down 0.3 %

PSX stock opened at $120.45 on Friday. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The stock has a market capitalization of $49.74 billion, a P/E ratio of 24.38, a PEG ratio of 5.64 and a beta of 1.37. The company has a 50 day moving average price of $119.29 and a two-hundred day moving average price of $127.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX) last released its earnings results 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 8.58% and a net margin of 1.46%. During the same period in the previous year, the company earned $3.09 EPS. As a group, sell-side analysts expect that Phillips 66 will post 7.14 EPS for the current 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.