Capital Investment Advisors LLC Acquires 1,211 Shares of Phillips 66 (NYSE:PSX)

Capital Investment Advisors LLC increased its position in Phillips 66 (NYSE:PSX) by 41.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,145 shares of the oil and gas company’s stock after acquiring an additional 1,211 shares during the period. Capital Investment Advisors LLC’s holdings in Phillips 66 were worth $472,000 at the end of the most recent reporting period.

Other large investors 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 $26,000. Values First Advisors Inc. bought a new stake in shares of Phillips 66 in the third quarter worth $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Phillips 66 in the third quarter worth $40,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Phillips 66 in the second quarter worth $51,000. Finally, Hoese & Co LLP grew its holdings in shares of Phillips 66 by 33.1% in the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock worth $53,000 after acquiring an additional 100 shares during the period. Institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group cut their price objective on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Wells Fargo & Company cut their price objective on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Bank of America began coverage on Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 price target for the company. Scotiabank cut their price target on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Price Performance

Shares of Phillips 66 stock opened at $119.04 on Thursday. The stock’s 50-day simple moving average is $122.91 and its 200-day simple moving average is $130.03. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The company has a market capitalization of $49.16 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 4.06 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 announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same period in the previous year, the business earned $4.63 earnings per share. The business’s revenue was down 10.3% on a year-over-year basis. As a group, analysts expect that Phillips 66 will post 7.56 earnings per share for the current fiscal 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.