Phillips 66 (NYSE:PSX) Stock Holdings Increased by Empirical Asset Management LLC

Empirical Asset Management LLC raised its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 47.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,148 shares of the oil and gas company's stock after buying an additional 11,346 shares during the quarter. Empirical Asset Management LLC's holdings in Phillips 66 were worth $4,004,000 at the end of the most recent quarter.

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

Phillips 66 Price Performance

NYSE PSX traded up $1.01 on Friday, reaching $120.64. The company's stock had a trading volume of 2,722,245 shares, compared to its average volume of 2,889,731. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The stock has a market cap of $49.82 billion, a PE ratio of 15.49, a PEG ratio of 3.17 and a beta of 1.38. The firm's 50 day moving average is $122.59 and its two-hundred day moving average is $129.88. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company 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 earned $4.63 earnings per share. The business's quarterly revenue was down 10.3% on a year-over-year basis. As a group, sell-side analysts predict that Phillips 66 will post 7.22 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on PSX. Piper Sandler downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Barclays cut their price target on Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a report on Monday. Wolfe Research raised Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. UBS Group lowered 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. Finally, JPMorgan Chase & Co. reduced their price target on Phillips 66 from $160.00 to $141.00 and set an "overweight" rating for the company in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Phillips 66 currently has an average rating of "Moderate Buy" and an average price target 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.