Entropy Technologies LP Invests $761,000 in Phillips 66 (NYSE:PSX)

Entropy Technologies LP bought a new stake in shares of Phillips 66 (NYSE:PSX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,682 shares of the oil and gas company’s stock, valued at approximately $761,000.

Several other hedge funds also recently added to or reduced their stakes in PSX. nVerses Capital LLC purchased a new stake in shares of Phillips 66 in the third quarter worth about $26,000. Stephens Consulting LLC lifted its holdings in Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 111 shares during the period. Values First Advisors Inc. purchased a new stake in Phillips 66 in the 3rd quarter worth approximately $30,000. Webster Bank N. A. grew its stake in shares of Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 88 shares during the period. Finally, YANKCOM Partnership purchased a new position in shares of Phillips 66 during the 4th quarter valued at approximately $31,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PSX has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. StockNews.com lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Mizuho lowered their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Barclays cut their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Price Performance

Phillips 66 stock opened at $129.74 on Wednesday. The company has a fifty day simple moving average of $119.04 and a 200-day simple moving average of $127.66. The firm has a market capitalization of $53.58 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 5.64 and a beta of 1.37. 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) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter last year, the company posted $3.09 earnings per share. On average, equities analysts anticipate that Phillips 66 will post 7.14 EPS for the current fiscal year.

Phillips 66 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.