Plancorp LLC reduced its stake in Phillips 66 (NYSE:PSX) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,828 shares of the oil and gas company’s stock after selling 5 shares during the period. Plancorp LLC’s holdings in Phillips 66 were worth $383,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Carroll Financial Associates Inc. boosted its stake in shares of Phillips 66 by 3.5% in the first quarter. Carroll Financial Associates Inc. now owns 15,753 shares of the oil and gas company’s stock worth $1,247,000 after buying an additional 532 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Phillips 66 by 3.1% in the first quarter. Quadrant Capital Group LLC now owns 2,048 shares of the oil and gas company’s stock worth $153,000 after buying an additional 61 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Phillips 66 by 12.9% in the first quarter. Koshinski Asset Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $209,000 after buying an additional 301 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Phillips 66 by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 145,565 shares of the oil and gas company’s stock worth $11,531,000 after buying an additional 1,725 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of Phillips 66 by 9.0% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 56,400 shares of the oil and gas company’s stock worth $4,468,000 after buying an additional 4,637 shares during the last quarter. Institutional investors own 69.19% of the company’s stock.
Shares of Phillips 66 (NYSE PSX) traded up 0.3249% on Friday, reaching $85.9283. The company’s stock had a trading volume of 103,107 shares. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $88.87. The company has a 50 day moving average of $81.91 and a 200 day moving average of $79.67. The stock has a market capitalization of $43.95 billion, a P/E ratio of 25.6963 and a beta of 1.22.
Phillips 66 (NYSE:PSX) last posted its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The company had revenue of $24.58 billion for the quarter, compared to analyst estimates of $25.14 billion. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. During the same quarter in the prior year, the company earned $0.94 earnings per share. Equities research analysts expect that Phillips 66 will post $4.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.27%. The ex-dividend date is Wednesday, August 16th. Phillips 66’s dividend payout ratio (DPR) is 83.58%.
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PSX has been the topic of a number of analyst reports. TheStreet raised shares of Phillips 66 from a “c” rating to a “b-” rating in a research note on Friday, April 28th. Scotiabank set a $86.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a research note on Tuesday. Citigroup Inc. reaffirmed a “neutral” rating and set a $83.00 price objective (down previously from $84.00) on shares of Phillips 66 in a research note on Saturday, April 22nd. Jefferies Group LLC set a $74.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Finally, Zacks Investment Research cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Phillips 66 presently has a consensus rating of “Hold” and an average price target of $83.53.
About Phillips 66
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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