Heck Capital Advisors LLC Takes Position in Phillips 66 (NYSE:PSX)

Heck Capital Advisors LLC bought a new position in shares of Phillips 66 (NYSE:PSX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,563 shares of the oil and gas company’s stock, valued at approximately $748,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of Phillips 66 in the third quarter worth about $26,000. Values First Advisors Inc. purchased a new position in Phillips 66 during the 3rd quarter valued at approximately $30,000. Webster Bank N. A. increased its stake in Phillips 66 by 48.4% in the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 88 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of Phillips 66 during the 4th quarter worth approximately $32,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Phillips 66 during the 3rd quarter valued at approximately $40,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 3.0 %

Shares of PSX opened at $117.24 on Friday. The firm has a fifty day moving average price of $120.86 and a 200-day moving average price of $128.72. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $48.42 billion, a P/E ratio of 15.05, a P/E/G ratio of 4.03 and a beta of 1.38. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. During the same quarter in the prior year, the company earned $3.09 earnings per share. Equities research analysts expect that Phillips 66 will post 6.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. 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 target price on the stock. Wells Fargo & Company lowered their price target on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Scotiabank reduced their price objective on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.93.

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.