Country Club Trust Company n.a. cut its stake in Phillips 66 (NYSE:PSX) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,689 shares of the oil and gas company’s stock after selling 2,999 shares during the period. Country Club Trust Company n.a.’s holdings in Phillips 66 were worth $5,936,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of PSX. Rowland & Co. Investment Counsel ADV purchased a new stake in shares of Phillips 66 during the fourth quarter valued at about $102,000. Motco raised its position in shares of Phillips 66 by 4.0% in the 2nd quarter. Motco now owns 1,309 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 50 shares during the last quarter. Bruderman Asset Management LLC purchased a new position in shares of Phillips 66 in the 2nd quarter valued at approximately $112,000. Ffcm LLC purchased a new position in shares of Phillips 66 in the 2nd quarter valued at approximately $113,000. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Phillips 66 in the 2nd quarter valued at approximately $127,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.
In related news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $100.25, for a total value of $270,675.00. Following the completion of the transaction, the vice president now directly owns 2,700 shares of the company’s stock, valued at $270,675. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.
Phillips 66 (NYSE:PSX) opened at $97.01 on Friday. The firm has a market capitalization of $47,280.00, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.31 and a quick ratio of 0.86. Phillips 66 has a 52-week low of $75.14 and a 52-week high of $107.47.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.21. Phillips 66 had a return on equity of 7.58% and a net margin of 2.11%. The business had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $30.71 billion. During the same period in the previous year, the company posted $0.16 earnings per share. equities research analysts anticipate that Phillips 66 will post 4.19 earnings per share for the current year.
Phillips 66 announced that its board has approved a stock buyback program on Monday, October 9th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of equities analysts have issued reports on PSX shares. Morgan Stanley reissued an “equal weight” rating on shares of Phillips 66 in a research report on Thursday, January 11th. Credit Suisse Group started coverage on shares of Phillips 66 in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $108.00 price objective on the stock. Barclays reaffirmed a “sell” rating and set a $111.00 price objective on shares of Phillips 66 in a research note on Wednesday, January 10th. Piper Jaffray Companies set a $93.00 price objective on shares of Phillips 66 and gave the stock a “buy” rating in a research note on Monday, November 13th. Finally, Vetr raised shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price target on the stock in a research note on Monday, November 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $99.78.
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Phillips 66 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.
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