Great Lakes Retirement Inc. Purchases 491 Shares of Phillips 66 (NYSE:PSX)

Great Lakes Retirement Inc. raised its position in shares of Phillips 66 (NYSE:PSX) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,904 shares of the oil and gas company’s stock after purchasing an additional 491 shares during the period. Great Lakes Retirement Inc.’s holdings in Phillips 66 were worth $1,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in shares of Phillips 66 by 263.3% during the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock worth $10,753,000 after buying an additional 60,355 shares during the last quarter. Flavin Financial Services Inc. acquired a new position in Phillips 66 during the 4th quarter worth approximately $1,190,000. Everence Capital Management Inc. bought a new position in Phillips 66 in the 4th quarter valued at approximately $3,033,000. Donoghue Forlines LLC acquired a new stake in Phillips 66 in the fourth quarter valued at approximately $1,438,000. Finally, Mizuho Securities USA LLC boosted its holdings 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 valued at $328,625,000 after acquiring an additional 2,467,316 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays reduced their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Wells Fargo & Company raised their target price on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. UBS Group reduced their price objective on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Trading Up 4.9 %

Shares of Phillips 66 stock opened at $129.74 on Wednesday. The company’s 50-day moving average price is $119.04 and its 200-day moving average price is $127.66. 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 has a 12-month low of $108.90 and a 12-month high of $174.08. The company has a market cap of $53.58 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 5.64 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last posted its earnings results 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 earnings per share. On average, equities analysts expect that Phillips 66 will post 7.14 earnings per share 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.