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Phillips 66 saw institutional buy-in despite Q4 earnings falling short of forecasts.
Phillips 66 (PSX) saw increased institutional investment during the fourth quarter, with Flavin Financial Services Inc. buying $1.19 million worth of shares.
Despite a significant earnings miss, reporting a loss of $0.15 per share against expectations of $1.23, the company has a $48.67 billion market cap.
Analysts predict an EPS of 7.57 for the fiscal year, and recent broker reports have both raised and lowered price targets, with a consensus target of $148.00.
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Phillips 66 vio el buy-in institucional a pesar de que las ganancias del Q4 estaban por debajo de las previsiones.