Lebenthal Global Advisors LLC Raises Stake in Phillips 66 (NYSE:PSX)

Lebenthal Global Advisors LLC grew its holdings in shares of Phillips 66 (NYSE:PSX - Free Report) by 109.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,973 shares of the oil and gas company's stock after buying an additional 4,160 shares during the period. Lebenthal Global Advisors LLC's holdings in Phillips 66 were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Phillips 66 in the third quarter valued at $26,000. Values First Advisors Inc. acquired a new stake in shares of Phillips 66 during the third quarter worth about $30,000. Webster Bank N. A. boosted its position in shares of Phillips 66 by 48.4% in the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 88 shares during the period. Point72 Hong Kong Ltd purchased a new position in Phillips 66 during the 3rd quarter worth approximately $40,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Phillips 66 during the fourth quarter worth approximately $47,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Mizuho lowered their target price on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. UBS Group dropped their price target on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Barclays lowered their price objective on Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Phillips 66 has a consensus rating of "Moderate Buy" and a consensus price target of $147.93.

Phillips 66 Trading Down 3.0 %

NYSE:PSX traded down $3.60 during mid-day trading on Friday, reaching $117.24. The company's stock had a trading volume of 7,166,046 shares, compared to its average volume of 3,011,904. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The stock 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's fifty day simple moving average is $120.86 and its two-hundred day simple moving average is $128.72. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08.

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 for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. During the same quarter in the previous year, the business earned $3.09 EPS. On average, equities analysts predict that Phillips 66 will post 6.27 EPS for the current year.

About Phillips 66

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.