410 Shares in Phillips 66 (NYSE:PSX) Bought by Sugar Maple Asset Management LLC

Sugar Maple Asset Management LLC purchased a new position in Phillips 66 (NYSE:PSX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 410 shares of the oil and gas company’s stock, valued at approximately $47,000.

Several other large investors also recently bought and sold shares of PSX. nVerses Capital LLC bought a new position in Phillips 66 during the third quarter valued at $26,000. Values First Advisors Inc. bought a new position in Phillips 66 during the third quarter valued at $30,000. Point72 Hong Kong Ltd bought a new position in Phillips 66 during the third quarter valued at $40,000. Strategic Investment Solutions Inc. IL bought a new position in Phillips 66 during the second quarter valued at $51,000. Finally, Hoese & Co LLP increased its position in Phillips 66 by 33.1% during the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock valued at $53,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

PSX stock opened at $120.64 on Tuesday. The firm has a market cap of $49.82 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 3.76 and a beta of 1.38. The firm has a 50-day simple moving average of $122.47 and a two-hundred day simple moving average of $129.59. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. 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 (NYSE:PSX) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same period in the prior year, the firm posted $4.63 earnings per share. The company’s quarterly revenue was down 10.3% on a year-over-year basis. On average, equities analysts forecast that Phillips 66 will post 6.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PSX has been the topic of a number of analyst reports. Bank of America began coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Scotiabank cut their price target on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company cut their price target on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Finally, Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $147.93.

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.