Phillips 66 (NYSE:PSX) Stock Holdings Increased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in shares of Phillips 66 (NYSE:PSX) by 580.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 211,124 shares of the oil and gas company’s stock after acquiring an additional 180,097 shares during the quarter. Pacer Advisors Inc.’s holdings in Phillips 66 were worth $24,053,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. nVerses Capital LLC bought a new stake in shares of Phillips 66 during the third quarter valued at about $26,000. Values First Advisors Inc. acquired a new position in Phillips 66 during the 3rd quarter valued at about $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Phillips 66 during the 3rd quarter worth about $40,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Phillips 66 in the 2nd quarter worth approximately $51,000. Finally, Hoese & Co LLP boosted 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 valued at $53,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Scotiabank dropped their target price on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Barclays decreased their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Mizuho dropped their price target 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. Finally, Bank of America initiated coverage on shares of Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target for the company. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.93.

Phillips 66 Stock Performance

Shares of PSX stock opened at $123.03 on Tuesday. The stock’s fifty day simple moving average is $121.63 and its 200-day simple moving average is $129.04. The company has a market capitalization of $50.81 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 3.78 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.

Phillips 66 (NYSE:PSX) last issued its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter in the prior year, the company earned $4.63 EPS. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. On average, sell-side analysts predict that Phillips 66 will post 6.41 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.