J2 Capital Management Inc Buys Shares of 4,199 Phillips 66 (NYSE:PSX)

J2 Capital Management Inc acquired a new position in shares of Phillips 66 (NYSE:PSX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,199 shares of the oil and gas company's stock, valued at approximately $478,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of Phillips 66 during the second quarter valued at approximately $534,000. MQS Management LLC acquired a new stake in Phillips 66 during the 2nd quarter valued at $334,000. Brighton Jones LLC increased its stake in Phillips 66 by 5.1% during the 2nd quarter. Brighton Jones LLC now owns 4,607 shares of the oil and gas company's stock worth $650,000 after buying an additional 223 shares during the period. Ieq Capital LLC lifted its holdings in Phillips 66 by 8.7% in the 2nd quarter. Ieq Capital LLC now owns 15,137 shares of the oil and gas company's stock worth $2,137,000 after buying an additional 1,215 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Phillips 66 by 64.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 28,872 shares of the oil and gas company's stock valued at $4,076,000 after buying an additional 11,346 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PSX. UBS Group dropped their target price on Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Scotiabank cut their target price on Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Piper Sandler cut Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Barclays dropped their price target 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. Finally, Mizuho reduced their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $147.93.

Phillips 66 Stock Performance

PSX traded up $1.01 during trading on Friday, reaching $120.64. 2,722,245 shares of the company were exchanged, compared to its average volume of 2,658,786. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $122.47 and a 200 day moving average of $129.66. The stock has a market cap of $49.82 billion, a P/E ratio of 15.49, a PEG ratio of 3.17 and a beta of 1.38.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.63 by $0.41. The business had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company's quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.63 earnings per share. On average, sell-side analysts forecast that Phillips 66 will post 7.22 EPS for the current fiscal year.

Phillips 66 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.