Western Financial Corp CA Buys 261 Shares of Phillips 66 (NYSE:PSX)

Western Financial Corp CA increased its position in Phillips 66 (NYSE:PSX) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,143 shares of the oil and gas company’s stock after purchasing an additional 261 shares during the period. Western Financial Corp CA’s holdings in Phillips 66 were worth $700,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Phillips 66 during the third quarter valued at approximately $26,000. Values First Advisors Inc. bought a new position in shares of Phillips 66 during the third quarter valued at $30,000. Webster Bank N. A. boosted its position in shares of Phillips 66 by 48.4% during the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 88 shares during the last quarter. Crews Bank & Trust purchased a new position in Phillips 66 in the 4th quarter worth about $32,000. Finally, Point72 Hong Kong Ltd bought a new position in Phillips 66 during the 3rd quarter valued at about $40,000. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group decreased their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Bank of America initiated coverage on Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price on the stock. Scotiabank cut their price target on 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, Wells Fargo & Company lowered their price objective on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Stock Performance

NYSE:PSX opened at $117.24 on Friday. The stock has a 50-day moving average price of $120.54 and a 200 day moving average price of $128.56. The stock has a market capitalization of $48.42 billion, a P/E ratio of 15.05, a P/E/G ratio of 4.03 and a beta of 1.38. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business earned $3.09 EPS. Equities research analysts forecast that Phillips 66 will post 6.27 EPS 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.