BKD Wealth Advisors LLC raised its stake in shares of Phillips 66 (NYSE:PSX) by 10.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,271 shares of the oil and gas company’s stock after buying an additional 581 shares during the period. BKD Wealth Advisors LLC’s holdings in Phillips 66 were worth $519,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in PSX. Bank of The Ozarks boosted 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. boosted 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 boosted 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. Shell Asset Management Co. boosted its position in 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 in the last quarter. Finally, LS Investment Advisors LLC boosted its position in Phillips 66 by 5.2% in the first quarter. LS Investment Advisors LLC now owns 19,609 shares of the oil and gas company’s stock valued at $1,553,000 after buying an additional 970 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of Phillips 66 (NYSE PSX) traded up 0.24% during midday trading on Wednesday, hitting $82.43. 453,298 shares of the stock traded hands. The company’s 50-day moving average is $83.31 and its 200 day moving average is $79.80. Phillips 66 has a 52 week low of $75.14 and a 52 week high of $88.87. The firm has a market capitalization of $42.16 billion, a PE ratio of 24.65 and a beta of 1.22.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.02 by $0.07. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. The business had revenue of $24.58 billion during the quarter, compared to analysts’ expectations of $25.14 billion. During the same period in the previous year, the business posted $0.94 EPS. Analysts anticipate that Phillips 66 will post $4.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.41%. The ex-dividend date is Wednesday, August 16th. Phillips 66’s payout ratio is 83.58%.
WARNING: This article was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://stocknewstimes.com/2017/08/23/bkd-wealth-advisors-llc-acquires-581-shares-of-phillips-66-psx.html.
Several equities analysts have commented on the stock. BidaskClub raised shares of Phillips 66 from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Scotiabank reissued a “hold” rating and set a $86.00 target price on shares of Phillips 66 in a research report on Tuesday, June 27th. TheStreet raised shares of Phillips 66 from a “c” rating to a “b-” rating in a research report on Friday, June 30th. Jefferies Group LLC set a $74.00 target price on shares of Phillips 66 and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $88.00 target price on shares of Phillips 66 in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock 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.
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.
