Timber Hill LLC grew its position in Phillips 66 (NYSE:PSX) by 709.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,365 shares of the oil and gas company’s stock after acquiring an additional 28,365 shares during the period. Timber Hill LLC’s holdings in Phillips 66 were worth $3,274,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Phillips 66 by 0.4% in the fourth quarter. BlackRock Inc. now owns 27,591,121 shares of the oil and gas company’s stock worth $2,790,841,000 after acquiring an additional 119,373 shares during the period. Bank of New York Mellon Corp raised its position in shares of Phillips 66 by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 7,098,574 shares of the oil and gas company’s stock worth $718,021,000 after acquiring an additional 260,478 shares during the period. Boston Partners raised its position in shares of Phillips 66 by 0.4% in the third quarter. Boston Partners now owns 3,107,739 shares of the oil and gas company’s stock worth $284,700,000 after acquiring an additional 11,610 shares during the period. Legal & General Group Plc raised its position in shares of Phillips 66 by 1.2% in the third quarter. Legal & General Group Plc now owns 2,769,247 shares of the oil and gas company’s stock worth $253,691,000 after acquiring an additional 33,298 shares during the period. Finally, Santa Barbara Asset Management LLC raised its position in shares of Phillips 66 by 0.5% in the third quarter. Santa Barbara Asset Management LLC now owns 2,218,582 shares of the oil and gas company’s stock worth $203,244,000 after acquiring an additional 10,734 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.
In other news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the 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 sale, the vice president now owns 2,700 shares of the company’s stock, valued at approximately $270,675. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by corporate insiders.
Shares of Phillips 66 (NYSE:PSX) opened at $91.94 on Tuesday. The company has a market cap of $46,620.00, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. The company has a quick ratio of 0.86, a current ratio of 1.31 and a debt-to-equity ratio of 0.40. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $107.47.
Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.21. The company had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $30.71 billion. Phillips 66 had a net margin of 4.88% and a return on equity of 9.52%. During the same quarter in the prior year, the firm earned $0.16 EPS. equities research analysts expect that Phillips 66 will post 7.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 3.05%. Phillips 66’s payout ratio is 70.53%.
PSX has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target 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. Vetr downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 price target for the company. in a research report on Thursday, November 2nd. Piper Jaffray Companies set a $93.00 price target on shares of Phillips 66 and gave the stock a “buy” rating in a research report on Monday, November 13th. Barclays downgraded shares of Phillips 66 from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $95.00 to $100.00 in a research report on Tuesday, November 14th. Finally, UBS Group upped their price target on shares of Phillips 66 from $85.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $103.89.
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Phillips 66 Company 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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