Fiduciary Alliance LLC Takes Position in Phillips 66 (NYSE:PSX)

Fiduciary Alliance LLC acquired a new stake in shares of Phillips 66 (NYSE:PSX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,559 shares of the oil and gas company's stock, valued at approximately $861,000.

Other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in Phillips 66 during the third quarter valued at about $26,000. Values First Advisors Inc. bought a new stake in Phillips 66 during the third quarter valued at about $30,000. Point72 Hong Kong Ltd bought a new stake in Phillips 66 during the third quarter valued at about $40,000. Strategic Investment Solutions Inc. IL bought a new stake in Phillips 66 during the second quarter valued at about $51,000. Finally, Hoese & Co LLP boosted its stake in shares of Phillips 66 by 33.1% in 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 period. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Performance

Shares of PSX stock traded up $1.05 during mid-day trading on Tuesday, hitting $117.03. 3,283,983 shares of the stock were exchanged, compared to its average volume of 3,054,485. The stock's fifty day simple moving average is $123.00 and its two-hundred day simple moving average is $130.20. The stock has a market capitalization of $48.33 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 4.06 and a beta of 1.38. Phillips 66 has a 12-month low of $108.90 and a 12-month 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 - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. During the same quarter last year, the company posted $4.63 earnings per share. The business's revenue was down 10.3% on a year-over-year basis. On average, analysts forecast that Phillips 66 will post 7.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PSX. UBS Group dropped their price objective on Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Mizuho dropped their price objective on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Wells Fargo & Company dropped their price objective on Phillips 66 from $167.00 to $161.00 and set an "overweight" rating for the company in a research note on Monday, December 9th. Morgan Stanley dropped their price objective on Phillips 66 from $150.00 to $144.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. dropped their price target on Phillips 66 from $160.00 to $141.00 and set an "overweight" rating for the company in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus 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.