Rothschild Investment Corp IL raised its stake in Phillips 66 (NYSE:PSX) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,008 shares of the oil and gas company’s stock after buying an additional 100 shares during the period. Rothschild Investment Corp IL’s holdings in Phillips 66 were worth $1,737,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Winslow Evans & Crocker Inc. increased its position in shares of Phillips 66 by 5.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,616 shares of the oil and gas company’s stock valued at $366,000 after buying an additional 236 shares during the last quarter. Bank of The Ozarks increased its position in shares of Phillips 66 by 7.0% in the first quarter. Bank of The Ozarks now owns 8,836 shares of the oil and gas company’s stock valued at $700,000 after buying an additional 575 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Phillips 66 by 14.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 141,328 shares of the oil and gas company’s stock valued at $11,197,000 after buying an additional 17,409 shares during the last quarter. BB&T Corp increased its position in shares of Phillips 66 by 29.2% in the first quarter. BB&T Corp now owns 64,177 shares of the oil and gas company’s stock valued at $5,083,000 after buying an additional 14,515 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in shares of Phillips 66 by 3.0% in the first quarter. Shell Asset Management Co. now owns 45,458 shares of the oil and gas company’s stock valued at $3,601,000 after buying an additional 1,316 shares during the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.
Shares of Phillips 66 (NYSE:PSX) traded down 0.63% during mid-day trading on Monday, hitting $85.06. The company’s stock had a trading volume of 767,789 shares. The stock has a 50-day moving average of $81.91 and a 200-day moving average of $79.67. The company has a market cap of $43.51 billion, a PE ratio of 25.44 and a beta of 1.22. Phillips 66 has a 12-month low of $75.14 and a 12-month high of $88.87.
Phillips 66 (NYSE:PSX) last released its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The firm had revenue of $24.58 billion during 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 period in the prior year, the firm posted $0.94 earnings per share. On average, equities research analysts forecast that Phillips 66 will post $4.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 3.27%. Phillips 66’s payout ratio is currently 83.58%.
COPYRIGHT VIOLATION WARNING: This story was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://stocknewstimes.com/2017/08/07/phillips-66-psx-shares-bought-by-rothschild-investment-corp-il.html.
Several research analysts have recently weighed in on PSX shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $87.00 target price on shares of Phillips 66 in a research note on Thursday, April 20th. Piper Jaffray Companies reissued an “overweight” rating and issued a $88.00 price objective on shares of Phillips 66 in a research note on Thursday, May 25th. Scotiabank set a $86.00 price objective on Phillips 66 and gave the company a “hold” rating in a research note on Monday, May 1st. Zacks Investment Research downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, TheStreet raised Phillips 66 from a “c” rating to a “b-” rating in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Phillips 66 has an average rating of “Hold” and a consensus price target of $83.53.
Phillips 66 Company Profile
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.
Want to see what other hedge funds are holding PSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Phillips 66 (NYSE:PSX).
Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.
