SVA Plumb Wealth Management LLC lowered its position in shares of Phillips 66 (NYSE:PSX) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,876 shares of the oil and gas company’s stock after selling 669 shares during the quarter. SVA Plumb Wealth Management LLC’s holdings in Phillips 66 were worth $5,551,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. EP Wealth Advisors LLC increased its holdings in shares of Phillips 66 by 1.9% during the second quarter. EP Wealth Advisors LLC now owns 3,806 shares of the oil and gas company’s stock valued at $315,000 after acquiring an additional 70 shares in the last quarter. Laurel Wealth Advisors Inc. increased its holdings in shares of Phillips 66 by 0.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 19,058 shares of the oil and gas company’s stock valued at $1,575,000 after acquiring an additional 105 shares in the last quarter. Blue Edge Capital LLC increased its holdings in shares of Phillips 66 by 3.2% during the second quarter. Blue Edge Capital LLC now owns 5,088 shares of the oil and gas company’s stock valued at $421,000 after acquiring an additional 160 shares in the last quarter. Sentry Investment Management LLC increased its holdings in shares of Phillips 66 by 0.8% during the second quarter. Sentry Investment Management LLC now owns 34,915 shares of the oil and gas company’s stock valued at $2,887,000 after acquiring an additional 277 shares in the last quarter. Finally, Aldebaran Financial Inc. increased its holdings in shares of Phillips 66 by 1.1% during the second quarter. Aldebaran Financial Inc. now owns 26,919 shares of the oil and gas company’s stock valued at $2,226,000 after acquiring an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.
In other news, VP Chukwuemeka A. Oyolu sold 2,700 shares of Phillips 66 stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $100.25, for a total transaction of $270,675.00. Following the transaction, the vice president now directly owns 2,700 shares of the company’s stock, valued at approximately $270,675. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by insiders.
Phillips 66 (NYSE:PSX) opened at $90.13 on Friday. Phillips 66 has a 12-month low of $75.14 and a 12-month high of $107.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 1.31. The firm has a market capitalization of $45,670.00, a PE ratio of 22.70, a PEG ratio of 1.46 and a beta of 1.11.
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 for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.21. Phillips 66 had a return on equity of 9.52% and a net margin of 4.88%. The firm had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $30.71 billion. During the same period in the previous year, the firm earned $0.16 EPS. sell-side analysts predict that Phillips 66 will post 7.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be given 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 3.11%. Phillips 66’s payout ratio is currently 70.53%.
Several equities analysts have recently weighed in on the company. Morgan Stanley restated an “equal weight” rating on shares of Phillips 66 in a report on Thursday, January 11th. Credit Suisse Group initiated coverage on Phillips 66 in a report on Wednesday, January 3rd. They set a “neutral” rating and a $108.00 price target for the company. Barclays reiterated a “sell” rating and issued a $111.00 price objective on shares of Phillips 66 in a report on Wednesday, January 10th. Piper Jaffray Companies set a $93.00 price objective on Phillips 66 and gave the stock a “buy” rating in a report on Monday, November 13th. Finally, Vetr upgraded Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price objective for the company in a report on Monday, November 27th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Phillips 66 presently has an average rating of “Hold” and an average price target 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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