Annex Advisory Services LLC Boosts Stake in Phillips 66 (NYSE:PSX)

Annex Advisory Services LLC increased its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 25.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 162,922 shares of the oil and gas company's stock after buying an additional 33,290 shares during the quarter. Annex Advisory Services LLC's holdings in Phillips 66 were worth $18,562,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in shares of Phillips 66 in the 3rd quarter valued at approximately $26,000. Values First Advisors Inc. purchased a new position in shares of Phillips 66 in the 3rd quarter valued at approximately $30,000. Point72 Hong Kong Ltd purchased a new position in shares of Phillips 66 in the 3rd quarter valued at approximately $40,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Phillips 66 in the 2nd quarter valued at approximately $51,000. Finally, Hoese & Co LLP grew its stake in shares of Phillips 66 by 33.1% in the 3rd quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company's stock valued at $53,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Trading Up 0.8 %

Phillips 66 stock traded up $1.01 during trading on Monday, hitting $120.64. The company's stock had a trading volume of 2,722,245 shares, compared to its average volume of 2,658,786. The stock has a market capitalization of $49.82 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 3.17 and a beta of 1.38. The stock's fifty day moving average is $122.47 and its 200 day moving average is $129.59. Phillips 66 has a 1-year low of $108.90 and a 1-year 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 earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business's quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.63 earnings per share. As a group, equities research analysts predict that Phillips 66 will post 7.22 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PSX. Mizuho lowered their target price on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. UBS Group decreased their price target on Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Wells Fargo & Company decreased their price target 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, 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 analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $147.93.

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.