Baring Financial LLC Invests $634,000 in Phillips 66 (NYSE:PSX)

Baring Financial LLC purchased a new stake in shares of Phillips 66 (NYSE:PSX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,568 shares of the oil and gas company's stock, valued at approximately $634,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSX. nVerses Capital LLC purchased a new position in shares of Phillips 66 in the 3rd quarter valued at about $26,000. Values First Advisors Inc. acquired a new stake in Phillips 66 in the third quarter valued at approximately $30,000. Webster Bank N. A. increased its position in shares of Phillips 66 by 48.4% in the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock valued at $31,000 after buying an additional 88 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Phillips 66 during the 3rd quarter worth approximately $40,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Phillips 66 during the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PSX shares. Mizuho cut their price target on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Bank of America initiated coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They set a "buy" rating and a $156.00 target price for the company. Piper Sandler lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. Finally, Scotiabank reduced their target price on Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Phillips 66 has a consensus rating of "Moderate Buy" and an average price target of $147.93.

Phillips 66 Trading Down 3.0 %

NYSE:PSX traded down $3.60 during trading hours on Friday, hitting $117.24. The company had a trading volume of 7,253,655 shares, compared to its average volume of 3,044,853. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The company has a market cap of $48.42 billion, a P/E ratio of 15.05, a P/E/G ratio of 4.03 and a beta of 1.38. The company has a 50-day moving average of $120.86 and a 200 day moving average of $128.72. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. During the same quarter in the previous year, the business posted $3.09 earnings per share. Sell-side analysts expect that Phillips 66 will post 6.27 earnings per share for the current year.

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.