Phillips 66 (NYSE:PSX) Shares Acquired by Sonora Investment Management Group LLC

Sonora Investment Management Group LLC increased its holdings in shares of Phillips 66 (NYSE:PSX - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,196 shares of the oil and gas company's stock after buying an additional 4,844 shares during the quarter. Sonora Investment Management Group LLC's holdings in Phillips 66 were worth $2,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in shares of Phillips 66 by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,901,887 shares of the oil and gas company's stock valued at $381,453,000 after purchasing an additional 16,941 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Phillips 66 by 7,549.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company's stock valued at $328,625,000 after acquiring an additional 2,467,316 shares during the last quarter. Bank of Montreal Can lifted its position in Phillips 66 by 63.4% during the third quarter. Bank of Montreal Can now owns 1,633,876 shares of the oil and gas company's stock valued at $214,120,000 after purchasing an additional 633,970 shares during the period. ING Groep NV grew its position in Phillips 66 by 123.2% during the 3rd quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company's stock worth $155,503,000 after purchasing an additional 653,032 shares during the period. Finally, National Pension Service lifted its holdings in shares of Phillips 66 by 6.8% in the 3rd quarter. National Pension Service now owns 1,001,734 shares of the oil and gas company's stock valued at $131,678,000 after buying an additional 63,349 shares during the period. 76.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on PSX. Barclays decreased their price target on Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Scotiabank cut their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Piper Sandler lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Finally, Mizuho dropped their price target on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Phillips 66 has a consensus rating of "Moderate Buy" and a consensus target price of $147.93.

Phillips 66 Trading Down 1.2 %

PSX opened at $120.71 on Friday. The business has a fifty day moving average price of $121.08 and a 200 day moving average price of $128.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The stock has a market capitalization of $49.85 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 4.03 and a beta of 1.38.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business 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 earned $4.63 EPS. The business's quarterly revenue was down 10.3% on a year-over-year basis. Sell-side analysts expect that Phillips 66 will post 6.27 earnings per share for the current fiscal 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.

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