Phillips 66 (PSX) Shares Bought by Atlantic Trust Group LLC

Atlantic Trust Group LLC grew its position in shares of Phillips 66 (NYSE:PSX) by 51.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,202 shares of the oil and gas company’s stock after purchasing an additional 20,009 shares during the period. Atlantic Trust Group LLC’s holdings in Phillips 66 were worth $5,678,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PSX. Bruderman Asset Management LLC purchased a new position in shares of Phillips 66 during the first quarter valued at about $105,000. Centaurus Financial Inc. purchased a new position in Phillips 66 in the first quarter worth about $107,000. Pin Oak Investment Advisors Inc. purchased a new position in Phillips 66 in the fourth quarter worth about $119,000. Compagnie Lombard Odier SCmA grew its position in Phillips 66 by 286.6% in the first quarter. Compagnie Lombard Odier SCmA now owns 1,268 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 940 shares in the last quarter. Finally, Well Done LLC purchased a new position in Phillips 66 in the first quarter worth about $143,000. Hedge funds and other institutional investors own 69.22% of the company’s stock.

In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 6,900 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $120.00, for a total transaction of $828,000.00. Following the completion of the transaction, the vice president now owns 8,177 shares in the company, valued at $981,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by insiders.



Several research firms recently commented on PSX. Barclays lifted their price target on Phillips 66 from $105.00 to $115.00 and gave the stock an “underweight” rating in a research report on Monday, April 30th. Argus lifted their price target on Phillips 66 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, May 17th. JPMorgan Chase & Co. lifted their price target on Phillips 66 from $108.00 to $109.00 and gave the stock a “neutral” rating in a research report on Monday, April 9th. Deutsche Bank dropped their price target on Phillips 66 from $106.00 to $102.00 and set a “hold” rating for the company in a research report on Monday, March 19th. Finally, Citigroup lifted their price target on Phillips 66 from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 13th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $108.25.

Shares of Phillips 66 opened at $112.02 on Friday, Marketbeat Ratings reports. Phillips 66 has a 1 year low of $78.80 and a 1 year high of $122.38. The company has a market cap of $51.92 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.48.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, April 27th. The oil and gas company reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.13. Phillips 66 had a return on equity of 10.00% and a net margin of 4.85%. The business had revenue of $24.05 billion during the quarter, compared to analyst estimates of $29.23 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. analysts anticipate that Phillips 66 will post 7.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Monday, May 21st were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, May 18th. This is a positive change from Phillips 66’s previous quarterly dividend of $0.70. Phillips 66’s payout ratio is 73.06%.

Phillips 66 Profile

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks, delivers refined products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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