Ontario Teachers Pension Plan Board grew its position in Phillips 66 (NYSE:PSX) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,082 shares of the oil and gas company’s stock after buying an additional 6,421 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Phillips 66 were worth $15,687,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of PSX. Vaughan David Investments Inc. IL raised its position in shares of Phillips 66 by 5,820.5% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 468,782 shares of the oil and gas company’s stock valued at $21,395,000 after buying an additional 460,864 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Phillips 66 by 6.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,838,096 shares of the oil and gas company’s stock valued at $626,438,000 after buying an additional 422,652 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Phillips 66 by 94.5% in the 4th quarter. Acadian Asset Management LLC now owns 668,397 shares of the oil and gas company’s stock valued at $67,606,000 after buying an additional 324,680 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Phillips 66 by 29.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,151,854 shares of the oil and gas company’s stock valued at $105,526,000 after buying an additional 258,780 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Phillips 66 by 311.9% in the 2nd quarter. Janus Henderson Group PLC now owns 265,741 shares of the oil and gas company’s stock valued at $21,975,000 after buying an additional 201,231 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.
Phillips 66 (NYSE:PSX) opened at $91.99 on Monday. 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 12-month low of $75.14 and a 12-month high of $107.47. The stock has a market cap of $42,913.34, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.21. Phillips 66 had a net margin of 4.88% and a return on equity of 9.52%. The firm had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $30.71 billion. During the same period in the prior year, the company posted $0.16 EPS. equities research analysts predict that Phillips 66 will post 7.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, February 16th. Phillips 66’s dividend payout ratio (DPR) is currently 28.20%.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were 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 approximately $270,675. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.
PSX has been the subject of several analyst reports. UBS Group boosted their target price on shares of Phillips 66 from $85.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, November 15th. Vetr upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price objective for the company in a research report on Monday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of Phillips 66 from $93.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Goldman Sachs Group upgraded shares of Phillips 66 to a “buy” rating in a research report on Monday, December 18th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Phillips 66 in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $103.89.
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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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