Saxon Interests Inc. Raises Stock Position in Phillips 66 (NYSE:PSX)

Saxon Interests Inc. lifted its holdings in Phillips 66 (NYSE:PSX) by 14.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,820 shares of the oil and gas company’s stock after purchasing an additional 361 shares during the period. Saxon Interests Inc.’s holdings in Phillips 66 were worth $321,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PSX. Procyon Advisors LLC grew its stake in Phillips 66 by 26.6% during the 4th quarter. Procyon Advisors LLC now owns 21,057 shares of the oil and gas company’s stock worth $2,399,000 after purchasing an additional 4,419 shares in the last quarter. Everpar Advisors LLC raised its holdings in Phillips 66 by 2.5% in the fourth quarter. Everpar Advisors LLC now owns 4,005 shares of the oil and gas company’s stock valued at $456,000 after acquiring an additional 96 shares in the last quarter. RDA Financial Network lifted its stake in Phillips 66 by 5.1% in the fourth quarter. RDA Financial Network now owns 3,619 shares of the oil and gas company’s stock worth $412,000 after acquiring an additional 174 shares during the last quarter. KMG Fiduciary Partners LLC increased its position in shares of Phillips 66 by 19.7% in the 4th quarter. KMG Fiduciary Partners LLC now owns 18,017 shares of the oil and gas company’s stock valued at $2,053,000 after purchasing an additional 2,960 shares during the last quarter. Finally, Empirical Asset Management LLC raised its holdings in shares of Phillips 66 by 47.7% in the 4th quarter. Empirical Asset Management LLC now owns 35,148 shares of the oil and gas company’s stock valued at $4,004,000 after purchasing an additional 11,346 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Stock Up 0.2 %

Shares of NYSE:PSX opened at $119.84 on Friday. The company has a market capitalization of $49.49 billion, a P/E ratio of 15.42, a P/E/G ratio of 3.17 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. The stock’s fifty day simple moving average is $122.73 and its 200-day simple moving average is $129.95. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08.

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, 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 firm had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same period in the prior year, the firm posted $4.63 earnings per share. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. As a group, equities research analysts forecast that Phillips 66 will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group cut their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Scotiabank cut their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Mizuho lowered their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. cut their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Barclays decreased their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Phillips 66 has a consensus rating of “Moderate Buy” and a consensus 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.