First Republic Investment Management Inc. lifted its holdings in Phillips 66 (NYSE:PSX) by 45.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 105,728 shares of the oil and gas company’s stock after purchasing an additional 33,045 shares during the quarter. First Republic Investment Management Inc.’s holdings in Phillips 66 were worth $10,695,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Rowland & Co. Investment Counsel ADV bought a new position in shares of Phillips 66 in the fourth quarter worth $102,000. First Dallas Securities Inc. bought a new position in shares of Phillips 66 in the fourth quarter worth $143,000. FTB Advisors Inc. grew its stake in shares of Phillips 66 by 112.9% in the third quarter. FTB Advisors Inc. now owns 1,471 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 780 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Phillips 66 in the second quarter valued at $127,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Phillips 66 in the third quarter valued at $141,000. 71.34% of the stock is owned by institutional investors.
In other news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $100.25, for a total transaction of $270,675.00. Following the completion of the sale, the vice president now directly owns 2,700 shares of the company’s stock, valued at $270,675. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.
Several analysts have recently weighed in on the company. Scotiabank restated a “buy” rating and issued a $112.00 price objective on shares of Phillips 66 in a report on Wednesday, January 10th. Barclays restated a “sell” rating and issued a $111.00 price objective on shares of Phillips 66 in a report on Wednesday, January 10th. Royal Bank of Canada restated a “hold” rating and issued a $106.00 price objective on shares of Phillips 66 in a report on Tuesday, January 30th. Vetr lowered Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 price objective for the company. in a report on Tuesday, November 21st. Finally, Citigroup upped their price objective on Phillips 66 from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Phillips 66 has a consensus rating of “Hold” and an average price target of $103.89.
Shares of Phillips 66 (NYSE PSX) opened at $91.83 on Friday. Phillips 66 has a fifty-two week low of $75.14 and a fifty-two week high of $107.47. The company has a market capitalization of $42,045.64, a price-to-earnings ratio of 9.25, a PEG ratio of 1.47 and a beta of 1.11. The company has a current ratio of 1.31, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40.
Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, beating the 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 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 prior year, the business posted $0.16 earnings per share. sell-side analysts anticipate that Phillips 66 will post 7.22 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, February 16th. Phillips 66’s dividend payout ratio is 28.20%.
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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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