YHB Investment Advisors Inc. Has $1.47 Million Stock Position in Phillips 66 (NYSE:PSX)

YHB Investment Advisors Inc. lessened its stake in shares of Phillips 66 (NYSE:PSX) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,892 shares of the oil and gas company’s stock after selling 272 shares during the period. YHB Investment Advisors Inc.’s holdings in Phillips 66 were worth $1,469,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Silver Lake Advisory LLC purchased a new position in Phillips 66 during the 2nd quarter worth approximately $280,000. NewEdge Advisors LLC grew its holdings in shares of Phillips 66 by 26.4% during the second quarter. NewEdge Advisors LLC now owns 107,264 shares of the oil and gas company’s stock valued at $15,142,000 after buying an additional 22,382 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Phillips 66 by 7.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 39,449 shares of the oil and gas company’s stock valued at $5,569,000 after buying an additional 2,596 shares during the period. William B. Walkup & Associates Inc. acquired a new position in Phillips 66 during the second quarter valued at $2,122,000. Finally, Second Line Capital LLC lifted its stake in Phillips 66 by 88.2% in the 2nd quarter. Second Line Capital LLC now owns 3,091 shares of the oil and gas company’s stock worth $436,000 after acquiring an additional 1,449 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Stock Performance

Shares of NYSE PSX opened at $123.03 on Tuesday. The business’s 50-day simple moving average is $121.63 and its 200-day simple moving average is $129.04. 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 52 week low of $108.90 and a 52 week high of $174.08. The firm has a market cap of $50.81 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 3.78 and a beta of 1.38.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter last year, the company posted $4.63 earnings per share. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, equities research analysts expect that Phillips 66 will post 6.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Mizuho dropped their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Bank of America started coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 target price for the company. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company reduced their price objective on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.