Hager Investment Management Services LLC Buys Shares of 1,342 Phillips 66 (NYSE:PSX)

Hager Investment Management Services LLC bought a new stake in shares of Phillips 66 (NYSE:PSX) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,342 shares of the oil and gas company’s stock, valued at approximately $153,000.

Other hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in Phillips 66 during the 3rd quarter valued at about $26,000. Stephens Consulting LLC grew its holdings in shares of Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after buying an additional 111 shares in the last quarter. Values First Advisors Inc. acquired a new position in shares of Phillips 66 in the third quarter valued at approximately $30,000. Webster Bank N. A. raised its position in shares of Phillips 66 by 48.4% in the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 88 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of Phillips 66 in the fourth quarter valued at approximately $32,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Phillips 66 Stock Up 4.8 %

Shares of NYSE:PSX opened at $123.58 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The company’s fifty day moving average is $120.23 and its two-hundred day moving average is $128.25. The stock has a market capitalization of $51.04 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 3.89 and a beta of 1.37.

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 for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $3.09 earnings per share. Equities analysts anticipate that Phillips 66 will post 7.57 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PSX shares. Scotiabank cut their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Mizuho dropped their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company upped their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.00.

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.