Brooklyn Investment Group Has $244,000 Position in Phillips 66 (NYSE:PSX)

Brooklyn Investment Group increased its holdings in shares of Phillips 66 (NYSE:PSX) by 40.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,146 shares of the oil and gas company’s stock after acquiring an additional 621 shares during the quarter. Brooklyn Investment Group’s holdings in Phillips 66 were worth $244,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PSX. Somerset Trust Co lifted its holdings in shares of Phillips 66 by 3.2% during the fourth quarter. Somerset Trust Co now owns 19,802 shares of the oil and gas company’s stock worth $2,256,000 after buying an additional 612 shares during the last quarter. Merit Financial Group LLC raised its stake in Phillips 66 by 100.9% during the 4th quarter. Merit Financial Group LLC now owns 8,372 shares of the oil and gas company’s stock valued at $954,000 after purchasing an additional 4,204 shares during the last quarter. Walker Asset Management LLC boosted its holdings in Phillips 66 by 4.6% in the 4th quarter. Walker Asset Management LLC now owns 2,659 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 117 shares during the period. Saxon Interests Inc. grew its position in Phillips 66 by 14.7% in the 4th quarter. Saxon Interests Inc. now owns 2,820 shares of the oil and gas company’s stock worth $321,000 after purchasing an additional 361 shares during the last quarter. Finally, Procyon Advisors LLC increased its holdings in shares of 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 during the period. Institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on PSX. Scotiabank decreased their target price 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. Mizuho lowered their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Finally, UBS Group reduced their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Five equities 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, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Stock Performance

NYSE:PSX opened at $120.64 on Friday. The stock has a market capitalization of $49.82 billion, a P/E ratio of 15.49, a price-to-earnings-growth 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 has a 1 year low of $108.90 and a 1 year high of $174.08. The firm has a 50 day moving average of $122.47 and a 200-day moving average of $129.74.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data 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 firm had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.63 EPS. As a group, sell-side analysts anticipate that Phillips 66 will post 7.22 EPS 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.