Thurston Springer Miller Herd & Titak Inc. Purchases 6,442 Shares of Phillips 66 (NYSE:PSX)

Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 36.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,231 shares of the oil and gas company's stock after purchasing an additional 6,442 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Phillips 66 were worth $2,761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in Phillips 66 in the third quarter valued at $26,000. Values First Advisors Inc. acquired a new position in shares of Phillips 66 in the 3rd quarter worth approximately $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Phillips 66 in the 3rd quarter valued at approximately $40,000. Strategic Investment Solutions Inc. IL bought a new position in Phillips 66 during the second quarter worth $51,000. Finally, Hoese & Co LLP lifted its position 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 worth $53,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Performance

NYSE PSX traded up $1.20 during trading on Wednesday, hitting $118.47. The company's stock had a trading volume of 971,949 shares, compared to its average volume of 2,817,730. The firm has a 50 day moving average price of $122.91 and a 200 day moving average price of $130.03. The firm has a market cap of $48.93 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 4.06 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. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating 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 business had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same period in the prior year, the company posted $4.63 earnings per share. Phillips 66's revenue was down 10.3% on a year-over-year basis. Equities research analysts forecast that Phillips 66 will post 7.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Phillips 66 from $160.00 to $141.00 and set an "overweight" rating for the company in a research report on Wednesday, October 2nd. Mizuho reduced their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Barclays cut their target price on Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Monday. Scotiabank decreased 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 research note on Thursday, October 10th. Finally, Piper Sandler cut Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Phillips 66 presently has an average rating of "Moderate Buy" and an average price target 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.