Phillips 66 (NYSE:PSX) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Phillips 66 (NYSE:PSX) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,537 shares of the oil and gas company’s stock after buying an additional 411 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Phillips 66 were worth $2,454,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PSX. nVerses Capital LLC purchased a new stake in shares of Phillips 66 during the third quarter worth approximately $26,000. Values First Advisors Inc. acquired a new position in shares of Phillips 66 during the third quarter worth $30,000. Webster Bank N. A. raised its stake in Phillips 66 by 48.4% in the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 88 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Phillips 66 during the 4th quarter worth about $32,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Phillips 66 during the 3rd quarter worth about $40,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Price Performance

Shares of NYSE PSX opened at $117.24 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The company’s fifty day moving average is $120.54 and its two-hundred day moving average is $128.48. The firm has a market capitalization of $48.42 billion, a P/E ratio of 15.05, a PEG ratio of 4.03 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. During the same quarter last year, the company earned $3.09 EPS. Analysts forecast that Phillips 66 will post 6.27 EPS for the current fiscal year.

Analyst Ratings Changes

PSX has been the subject of several research analyst reports. Bank of America started coverage on shares of Phillips 66 in a 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 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. Barclays lowered 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. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Finally, 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 note on Monday, December 16th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average 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.