Everpar Advisors LLC Acquires 96 Shares of Phillips 66 (NYSE:PSX)

Everpar Advisors LLC increased its holdings in Phillips 66 (NYSE:PSX) by 2.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,005 shares of the oil and gas company’s stock after purchasing an additional 96 shares during the period. Everpar Advisors LLC’s holdings in Phillips 66 were worth $456,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. nVerses Capital LLC bought a new stake in shares of Phillips 66 in the third quarter worth approximately $26,000. Values First Advisors Inc. purchased a new stake in Phillips 66 in the third quarter worth approximately $30,000. Point72 Hong Kong Ltd bought a new stake in Phillips 66 in the 3rd quarter worth approximately $40,000. Strategic Investment Solutions Inc. IL purchased a new stake in Phillips 66 during the 2nd quarter valued at $51,000. Finally, Hoese & Co LLP lifted its holdings in shares of Phillips 66 by 33.1% during the 3rd quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock valued at $53,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

Shares of Phillips 66 stock opened at $119.68 on Friday. The company has a market capitalization of $49.43 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 3.17 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 stock’s 50-day simple moving average is $122.73 and its 200-day simple moving average is $129.95. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08.

Phillips 66 (NYSE:PSX) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $36.31 billion. During the same period in the prior year, the company posted $4.63 EPS. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, analysts expect that Phillips 66 will post 7.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on PSX shares. Wells Fargo & Company cut their price objective on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Barclays lowered their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, UBS Group decreased 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 report on Monday, November 4th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.