Phillips 66 (NYSE:PSX) Shares Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC increased its position in shares of Phillips 66 (NYSE:PSX) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,456 shares of the oil and gas company’s stock after purchasing an additional 299 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Phillips 66 were worth $394,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its holdings in Phillips 66 by 263.3% during the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock worth $10,753,000 after purchasing an additional 60,355 shares during the last quarter. Flavin Financial Services Inc. acquired a new position in Phillips 66 during the fourth quarter worth $1,190,000. Everence Capital Management Inc. acquired a new position in Phillips 66 during the fourth quarter worth $3,033,000. Donoghue Forlines LLC acquired a new position in Phillips 66 during the fourth quarter worth $1,438,000. Finally, Mizuho Securities USA LLC raised its holdings in Phillips 66 by 7,549.0% during the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after purchasing an additional 2,467,316 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Price Performance

PSX stock opened at $123.74 on Tuesday. The stock has a 50-day moving average price of $119.29 and a two-hundred day moving average price of $127.79. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. 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 company has a market cap of $51.10 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 5.64 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period in the previous year, the company posted $3.09 EPS. As a group, research analysts predict that Phillips 66 will post 7.14 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. Mizuho cut their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Barclays cut 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. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.00.

Phillips 66 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.