Orca Wealth Management LLC Buys New Position in Phillips 66 (NYSE:PSX)

Orca Wealth Management LLC acquired a new stake in Phillips 66 (NYSE:PSX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,137 shares of the oil and gas company's stock, valued at approximately $1,383,000. Phillips 66 makes up about 1.2% of Orca Wealth Management LLC's holdings, making the stock its 28th largest holding.

Other large investors have also recently made changes to their positions in the company. nVerses Capital LLC bought a new position in Phillips 66 in the 3rd quarter valued at about $26,000. Values First Advisors Inc. bought a new position in shares of Phillips 66 in the third quarter valued at approximately $30,000. Webster Bank N. A. lifted its holdings 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 purchasing an additional 88 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Phillips 66 during the third quarter valued at approximately $40,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in Phillips 66 in the 4th quarter valued at $47,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Stock Performance

PSX traded down $3.60 on Friday, hitting $117.24. The company's stock had a trading volume of 7,253,655 shares, compared to its average volume of 3,044,853. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The firm has a market cap of $48.42 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 4.03 and a beta of 1.38. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company's 50 day simple moving average is $120.86 and its 200-day simple moving average is $128.72.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings results 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 net margin of 2.24% and a return on equity of 13.12%. During the same period in the previous year, the firm earned $3.09 earnings per share. Analysts forecast that Phillips 66 will post 6.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PSX shares. Bank of America assumed coverage on shares of Phillips 66 in a report on Thursday, October 17th. They set a "buy" rating and a $156.00 price objective on the stock. Mizuho cut their price target on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Wolfe Research upgraded shares of 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. Wells Fargo & Company cut their target price on Phillips 66 from $167.00 to $161.00 and set an "overweight" rating on the stock in a research note on Monday, December 9th. Finally, Scotiabank dropped their price target on Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Phillips 66 presently has an average rating of "Moderate Buy" and an average target price 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.