Telos Capital Management Inc. Has $5.82 Million Position in Phillips 66 (NYSE:PSX)

Telos Capital Management Inc. grew its holdings in Phillips 66 (NYSE:PSX) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,111 shares of the oil and gas company’s stock after purchasing an additional 855 shares during the quarter. Telos Capital Management Inc.’s holdings in Phillips 66 were worth $5,823,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PSX. Czech National Bank grew its position in shares of Phillips 66 by 5.5% in the third quarter. Czech National Bank now owns 85,266 shares of the oil and gas company’s stock valued at $11,208,000 after purchasing an additional 4,477 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of Phillips 66 by 6.9% in the third quarter. Atomi Financial Group Inc. now owns 5,800 shares of the oil and gas company’s stock valued at $762,000 after purchasing an additional 374 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Phillips 66 in the third quarter valued at about $59,000. CWM LLC grew its position in shares of Phillips 66 by 23.0% in the third quarter. CWM LLC now owns 28,618 shares of the oil and gas company’s stock valued at $3,762,000 after purchasing an additional 5,350 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. grew its position in shares of Phillips 66 by 3.0% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 6,869 shares of the oil and gas company’s stock valued at $903,000 after purchasing an additional 203 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. Mizuho reduced 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. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. UBS Group reduced their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Barclays reduced their target price 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Stock Down 2.1 %

Shares of PSX opened at $120.71 on Friday. The stock has a market cap of $49.85 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 3.89 and a beta of 1.37. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a 50-day moving average price of $119.81 and a two-hundred day moving average price of $128.11.

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