Hartland & Co. LLC boosted its position in shares of Phillips 66 (NYSE:PSX) by 16.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,935 shares of the oil and gas company’s stock after buying an additional 1,000 shares during the period. Hartland & Co. LLC’s holdings in Phillips 66 were worth $550,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of PSX. Winch Advisory Services LLC raised its stake in shares of Phillips 66 by 5,872.7% in the first quarter. Winch Advisory Services LLC now owns 1,314 shares of the oil and gas company’s stock worth $104,000 after buying an additional 1,292 shares in the last quarter. Westside Investment Management Inc. increased its position in Phillips 66 by 239.2% in the first quarter. Westside Investment Management Inc. now owns 1,418 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 1,000 shares during the last quarter. FTB Advisors Inc. increased its position in shares of Phillips 66 by 17.3% in the first quarter. FTB Advisors Inc. now owns 1,444 shares of the oil and gas company’s stock worth $113,000 after buying an additional 213 shares in the last quarter. Barrett Asset Management LLC increased its position in shares of Phillips 66 by 2.9% in the first quarter. Barrett Asset Management LLC now owns 1,762 shares of the oil and gas company’s stock worth $140,000 after buying an additional 50 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position 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 in the last quarter. 69.57% of the stock is currently owned by institutional investors.
Phillips 66 (NYSE PSX) traded down 0.01% during midday trading on Wednesday, reaching $82.97. 860,756 shares of the company’s stock were exchanged. Phillips 66 has a 52 week low of $75.14 and a 52 week high of $88.87. The firm’s 50 day moving average is $83.30 and its 200 day moving average is $79.78. The firm has a market capitalization of $42.44 billion, a price-to-earnings ratio of 24.81 and a beta of 1.22.
Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.07. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. The business had revenue of $24.58 billion for the quarter, compared to analyst estimates of $25.14 billion. During the same quarter in the prior year, the firm posted $0.94 EPS. On average, equities analysts anticipate that Phillips 66 will post $4.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be given a $0.70 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 3.35%. Phillips 66’s dividend payout ratio is presently 83.58%.
ILLEGAL ACTIVITY NOTICE: “Hartland & Co. LLC Buys 1,000 Shares of Phillips 66 (PSX)” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://stocknewstimes.com/2017/08/16/hartland-co-llc-has-550000-stake-in-phillips-66-psx-updated-updated.html.
PSX has been the subject of a number of analyst reports. TheStreet upgraded shares of Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, April 28th. US Capital Advisors reaffirmed a “buy” rating on shares of Phillips 66 in a research report on Monday, May 22nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $84.00 target price on shares of Phillips 66 in a report on Friday, July 14th. Zacks Investment Research cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC set a $74.00 price objective on shares of Phillips 66 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Phillips 66 has an average rating of “Hold” and a consensus 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.
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.
