Webster Bank N. A. grew its position in shares of Phillips 66 (NYSE:PSX – Free Report) by 48.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 270 shares of the oil and gas company’s stock after buying an additional 88 shares during the quarter. Webster Bank N. A.’s holdings in Phillips 66 were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in Phillips 66 during the third quarter worth about $26,000. Values First Advisors Inc. bought a new stake in Phillips 66 during the third quarter worth about $30,000. Point72 Hong Kong Ltd bought a new stake in Phillips 66 during the third quarter worth about $40,000. Sugar Maple Asset Management LLC bought a new stake in Phillips 66 during the fourth quarter worth about $47,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Phillips 66 during the second quarter worth about $51,000. 76.93% of the stock is owned by institutional investors.
Phillips 66 Stock Up 1.0 %
Shares of NYSE:PSX opened at $123.03 on Tuesday. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The company has a market capitalization of $50.81 billion, a PE ratio of 15.79, a PEG ratio of 3.78 and a beta of 1.38. The company has a 50 day moving average price of $121.63 and a two-hundred day moving average price of $129.04.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on PSX shares. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Mizuho reduced their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Barclays reduced their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company reduced their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.93.
View Our Latest Analysis on Phillips 66
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.
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