Victory Capital Management Inc. raised its stake in Phillips 66 (NYSE:PSX) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,348 shares of the oil and gas company’s stock after buying an additional 10,881 shares during the quarter. Victory Capital Management Inc.’s holdings in Phillips 66 were worth $13,893,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Phillips 66 by 37.1% during the second quarter. FMR LLC now owns 7,520,743 shares of the oil and gas company’s stock worth $621,890,000 after purchasing an additional 2,036,258 shares during the period. Vaughan David Investments Inc. IL raised its position in shares of Phillips 66 by 5,820.5% during the third quarter. Vaughan David Investments Inc. IL now owns 468,782 shares of the oil and gas company’s stock worth $21,395,000 after purchasing an additional 460,864 shares during the period. Bank of New York Mellon Corp raised its position in shares of Phillips 66 by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 6,838,096 shares of the oil and gas company’s stock worth $626,438,000 after purchasing an additional 422,652 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Phillips 66 by 29.8% during the second quarter. Parametric Portfolio Associates LLC now owns 1,459,200 shares of the oil and gas company’s stock worth $120,661,000 after purchasing an additional 334,915 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of Phillips 66 by 94.5% during the fourth quarter. Acadian Asset Management LLC now owns 668,397 shares of the oil and gas company’s stock worth $67,606,000 after purchasing an additional 324,680 shares during the period. 71.09% of the stock is currently owned by hedge funds and other institutional investors.
Phillips 66 (PSX) opened at $93.76 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $47,510.00, a PE ratio of 23.62, a P/E/G ratio of 1.52 and a beta of 1.11. Phillips 66 has a fifty-two week low of $75.14 and a fifty-two week high of $107.47.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.21. The business had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $30.71 billion. Phillips 66 had a return on equity of 9.52% and a net margin of 4.88%. During the same period last year, the company earned $0.16 earnings per share. analysts anticipate that Phillips 66 will post 7.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.99%. Phillips 66’s payout ratio is presently 70.53%.
A number of research firms have recently commented on PSX. Citigroup dropped their price target on Phillips 66 from $110.00 to $103.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Royal Bank of Canada reaffirmed a “hold” rating and set a $106.00 price target on shares of Phillips 66 in a research report on Tuesday, January 30th. Vetr lowered Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 price target on the stock. in a research report on Tuesday, November 21st. Cowen reaffirmed a “buy” rating and set a $101.00 price target on shares of Phillips 66 in a research report on Tuesday, October 17th. Finally, Piper Jaffray Companies set a $93.00 price target on Phillips 66 and gave the stock a “buy” rating in a research report on Monday, November 13th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $103.89.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the firm’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 in the company, valued at $270,675. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.
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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.
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