Phillips 66 (NYSE:PSX) Shares Bought by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. boosted its position in shares of Phillips 66 (NYSE:PSX) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 23,971 shares of the oil and gas company’s stock after buying an additional 120 shares during the quarter. Phillips 66 comprises approximately 0.8% of O Keefe Stevens Advisory Inc.’s holdings, making the stock its 25th biggest position. O Keefe Stevens Advisory Inc.’s holdings in Phillips 66 were worth $2,731,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its holdings in shares of Phillips 66 by 2.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 112,280 shares of the oil and gas company’s stock worth $15,851,000 after acquiring an additional 2,582 shares during the last quarter. Argent Trust Co increased its holdings in shares of Phillips 66 by 3.1% during the 2nd quarter. Argent Trust Co now owns 8,715 shares of the oil and gas company’s stock worth $1,230,000 after buying an additional 262 shares during the last quarter. XTX Topco Ltd acquired a new stake in Phillips 66 during the second quarter worth about $534,000. MQS Management LLC purchased a new position in Phillips 66 in the second quarter valued at approximately $334,000. Finally, Intech Investment Management LLC raised its position in Phillips 66 by 40.9% in the second quarter. Intech Investment Management LLC now owns 146,221 shares of the oil and gas company’s stock valued at $20,642,000 after purchasing an additional 42,457 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Up 0.8 %

Shares of NYSE:PSX opened at $120.64 on Friday. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The stock has a fifty day simple moving average of $122.59 and a two-hundred day simple moving average of $129.88. The stock has a market capitalization of $49.82 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 3.17 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. The company had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm’s revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.63 EPS. On average, research analysts anticipate that Phillips 66 will post 7.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Scotiabank dropped their price target on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. JPMorgan Chase & Co. reduced their target price on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Mizuho decreased their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, UBS Group reduced their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.93.

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.