ST Germain D J Co. Inc. Has $194,000 Position in Phillips 66 (NYSE:PSX)

ST Germain D J Co. Inc. increased its position in shares of Phillips 66 (NYSE:PSX) by 25.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,705 shares of the oil and gas company’s stock after purchasing an additional 350 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Phillips 66 were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Phillips 66 by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 124,608 shares of the oil and gas company’s stock worth $14,197,000 after purchasing an additional 1,320 shares in the last quarter. Legacy Private Trust Co. boosted its stake in Phillips 66 by 31.8% during the fourth quarter. Legacy Private Trust Co. now owns 2,812 shares of the oil and gas company’s stock worth $320,000 after buying an additional 678 shares in the last quarter. Fulton Bank N.A. boosted its stake in Phillips 66 by 9.2% during the fourth quarter. Fulton Bank N.A. now owns 4,792 shares of the oil and gas company’s stock worth $546,000 after buying an additional 404 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Phillips 66 in the 4th quarter valued at $2,290,000. Finally, Chickasaw Capital Management LLC raised its stake in shares of Phillips 66 by 0.4% in the 4th quarter. Chickasaw Capital Management LLC now owns 141,617 shares of the oil and gas company’s stock valued at $16,134,000 after buying an additional 567 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America began coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price on the stock. Piper Sandler set a $144.00 target price on Phillips 66 in a report on Thursday, October 17th. Scotiabank decreased their price target 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. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. Finally, Barclays reduced their target price on shares of Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Phillips 66 has an average rating of “Moderate Buy” and a consensus price target of $148.57.

Phillips 66 Stock Performance

PSX stock opened at $113.95 on Friday. The stock has a market capitalization of $47.06 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 4.06 and a beta of 1.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The company has a 50 day moving average price of $123.10 and a 200 day moving average price of $130.43. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.41. The business had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.63 earnings per share. Analysts forecast that Phillips 66 will post 7.56 EPS for the current year.

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.