6,682 Shares in Phillips 66 (NYSE:PSX) Purchased by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Phillips 66 (NYSE:PSX) during the 4th quarter, Holdings Channel reports. The firm bought 6,682 shares of the oil and gas company’s stock, valued at approximately $761,000.

Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in Phillips 66 by 263.3% in the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after acquiring an additional 60,355 shares during the last quarter. Flavin Financial Services Inc. purchased a new stake in Phillips 66 in the fourth quarter valued at $1,190,000. Everence Capital Management Inc. acquired a new position in shares of Phillips 66 in the 4th quarter valued at $3,033,000. Donoghue Forlines LLC purchased a new position in shares of Phillips 66 during the 4th quarter worth $1,438,000. Finally, Mizuho Securities USA LLC increased its position in shares of Phillips 66 by 7,549.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after purchasing an additional 2,467,316 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PSX has been the subject of several research analyst reports. Barclays lowered their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Mizuho cut their target price 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. Wells Fargo & Company raised their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Bank of America began coverage on Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Stock Up 4.9 %

Shares of Phillips 66 stock opened at $129.74 on Wednesday. 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. The company has a market capitalization of $53.58 billion, a P/E ratio of 26.26, a P/E/G ratio of 5.64 and a beta of 1.37. The company has a 50 day moving average of $119.04 and a 200 day moving average of $127.66.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the previous year, the firm earned $3.09 EPS. As a group, research analysts forecast 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.