Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in Phillips 66 (NYSE:PSX)

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Phillips 66 (NYSE:PSX) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,300 shares of the oil and gas company’s stock after acquiring an additional 43,631 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.06% of Phillips 66 worth $27,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Phillips 66 during the 3rd quarter valued at $26,000. Values First Advisors Inc. purchased a new position in Phillips 66 during the 3rd quarter valued at about $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Phillips 66 during the third quarter valued at about $40,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Phillips 66 in the second quarter worth about $51,000. Finally, Hoese & Co LLP boosted its position in shares of Phillips 66 by 33.1% in the third quarter. Hoese & Co LLP now owns 402 shares of the oil and gas company’s stock valued at $53,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Down 1.6 %

Shares of PSX opened at $118.55 on Thursday. The stock has a market capitalization of $48.96 billion, a P/E ratio of 15.22, a PEG ratio of 3.84 and a beta of 1.38. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. 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 firm has a fifty day simple moving average of $122.18 and a two-hundred day simple moving average of $129.32.

Phillips 66 (NYSE:PSX) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company 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 business posted $4.63 earnings per share. Phillips 66’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, research analysts anticipate that Phillips 66 will post 6.41 EPS for the current year.

Analysts Set New Price Targets

PSX has been the topic of a number of analyst reports. Mizuho decreased their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. lowered their price objective on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Bank of America initiated coverage on Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target on the stock. Finally, Barclays dropped their price target 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. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.