Chicago Capital LLC Raises Holdings in Phillips 66 (NYSE:PSX)

Chicago Capital LLC boosted its holdings in shares of Phillips 66 (NYSE:PSX) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,842 shares of the oil and gas company’s stock after acquiring an additional 200 shares during the quarter. Chicago Capital LLC’s holdings in Phillips 66 were worth $210,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Van ECK Associates Corp lifted its position in Phillips 66 by 263.3% in the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after buying an additional 60,355 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Phillips 66 in the 4th quarter valued at approximately $3,033,000. Donoghue Forlines LLC acquired a new position in shares of Phillips 66 in the 4th quarter worth approximately $1,438,000. Mizuho Securities USA LLC boosted its position in shares of Phillips 66 by 7,549.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after purchasing an additional 2,467,316 shares during the period. Finally, Annex Advisory Services LLC increased its holdings in Phillips 66 by 25.7% in the 4th quarter. Annex Advisory Services LLC now owns 162,922 shares of the oil and gas company’s stock valued at $18,562,000 after purchasing an additional 33,290 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on PSX shares. Wells Fargo & Company upped their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday. Bank of America assumed coverage on Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 target price for the company. UBS Group cut their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Barclays cut 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 note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

Phillips 66 Price Performance

PSX stock opened at $117.85 on Tuesday. The business has a 50 day moving average price of $120.54 and a 200 day moving average price of $128.39. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The stock has a market cap of $48.67 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 3.89 and a beta of 1.37. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter last year, the firm posted $3.09 earnings per share. Equities research analysts anticipate that Phillips 66 will post 7.57 earnings per share for the current fiscal year.

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.