Phillips 66 (PSX) Stake Increased by Zeke Capital Advisors LLC

Zeke Capital Advisors LLC increased its stake in Phillips 66 (NYSE:PSX) by 104.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,529 shares of the oil and gas company’s stock after purchasing an additional 7,932 shares during the period. Zeke Capital Advisors LLC’s holdings in Phillips 66 were worth $1,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Phillips 66 by 0.4% in the 4th quarter. BlackRock Inc. now owns 27,591,121 shares of the oil and gas company’s stock worth $2,790,841,000 after purchasing an additional 119,373 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Phillips 66 by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 7,098,574 shares of the oil and gas company’s stock worth $718,021,000 after purchasing an additional 260,478 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Phillips 66 by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 4,266,192 shares of the oil and gas company’s stock worth $430,564,000 after purchasing an additional 114,191 shares during the last quarter. Aristotle Capital Management LLC increased its position in Phillips 66 by 3.1% in the 4th quarter. Aristotle Capital Management LLC now owns 3,592,122 shares of the oil and gas company’s stock valued at $363,343,000 after acquiring an additional 109,297 shares during the period. Finally, Legal & General Group Plc increased its position in Phillips 66 by 1.2% in the 3rd quarter. Legal & General Group Plc now owns 2,769,247 shares of the oil and gas company’s stock valued at $253,691,000 after acquiring an additional 33,298 shares during the period. 77.74% of the stock is currently owned by institutional investors and hedge funds.

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Shares of PSX stock traded down $0.80 during mid-day trading on Friday, hitting $96.97. 2,596,342 shares of the stock traded hands, compared to its average volume of 1,776,013. Phillips 66 has a twelve month low of $75.14 and a twelve month high of $107.47. The stock has a market cap of $45,609.70, a PE ratio of 22.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.42.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.21. The company had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $30.71 billion. Phillips 66 had a return on equity of 9.18% and a net margin of 4.88%. During the same period last year, the firm earned $0.16 EPS. equities research analysts predict that Phillips 66 will post 6.76 earnings per share for the current year.

Several analysts recently commented on the company. Citigroup raised their target price on Phillips 66 from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Piper Jaffray restated a “buy” rating and issued a $115.00 target price on shares of Phillips 66 in a research report on Monday, January 22nd. Royal Bank of Canada restated a “hold” rating and issued a $106.00 target price on shares of Phillips 66 in a research report on Tuesday, January 30th. Morgan Stanley restated an “equal weight” rating on shares of Phillips 66 in a research report on Thursday, January 11th. Finally, Credit Suisse Group assumed coverage on Phillips 66 in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $108.00 target price on the stock. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $103.37.

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Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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