Webster Bank N. A. Buys 88 Shares of Phillips 66 (NYSE:PSX)

Webster Bank N. A. lifted its stake in shares of Phillips 66 (NYSE:PSX) by 48.4% in the 4th quarter, Holdings Channel reports. The fund owned 270 shares of the oil and gas company’s stock after acquiring 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 SEC filing.

Several other large investors also recently made changes to their positions in PSX. nVerses Capital LLC bought a new stake in shares of Phillips 66 during the third quarter worth $26,000. Values First Advisors Inc. bought a new stake in shares of Phillips 66 during the third quarter worth $30,000. Point72 Hong Kong Ltd bought a new position in Phillips 66 in the third quarter valued at $40,000. Sugar Maple Asset Management LLC bought a new position in Phillips 66 in the fourth quarter valued at $47,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Phillips 66 in the second quarter valued at $51,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

NYSE PSX opened at $123.03 on Tuesday. The firm has a 50-day moving average of $121.63 and a 200-day moving average of $129.04. 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 stock has a market cap of $50.81 billion, a PE ratio of 15.79, a P/E/G ratio of 3.78 and a beta of 1.38. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PSX shares. Bank of America started coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price for the company. Scotiabank decreased their target price on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. 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. Wells Fargo & Company decreased their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Barclays cut their price target 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, January 13th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.