Silver Oak Securities Incorporated Has $239,000 Stock Position in Phillips 66 (NYSE:PSX)

Silver Oak Securities Incorporated lifted its stake in Phillips 66 (NYSE:PSX) by 46.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,135 shares of the oil and gas company’s stock after buying an additional 678 shares during the period. Silver Oak Securities Incorporated’s holdings in Phillips 66 were worth $239,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PSX. nVerses Capital LLC acquired a new stake in shares of Phillips 66 in the 3rd quarter valued at $26,000. Stephens Consulting LLC boosted its position in Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 111 shares in the last quarter. Values First Advisors Inc. acquired a new position in Phillips 66 in the third quarter valued at about $30,000. Webster Bank N. A. grew its stake in Phillips 66 by 48.4% during the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after buying an additional 88 shares during the last quarter. Finally, YANKCOM Partnership acquired a new stake in shares of Phillips 66 during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Trading Down 0.3 %

Shares of NYSE PSX opened at $120.45 on Monday. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. The firm has a market capitalization of $49.74 billion, a P/E ratio of 24.38, a P/E/G ratio of 5.64 and a beta of 1.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The company’s 50 day simple moving average is $119.29 and its 200 day simple moving average is $127.86.

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 for the quarter, missing analysts’ consensus estimates 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 period last year, the company posted $3.09 earnings per share. On average, analysts predict that Phillips 66 will post 7.14 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on PSX. UBS Group reduced their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Bank of America began coverage on Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 target price on the stock. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Barclays reduced their price target 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. Finally, Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

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.