Zeke Capital Advisors LLC raised its stake in Phillips 66 (NYSE:PSX) by 104.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,529 shares of the oil and gas company’s stock after purchasing an additional 7,932 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Phillips 66 were worth $1,571,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Farmers Trust Co. raised its position in Phillips 66 by 7.6% in the fourth quarter. Farmers Trust Co. now owns 6,837 shares of the oil and gas company’s stock valued at $691,000 after purchasing an additional 484 shares during the period. Asset Advisors Corp increased its position in shares of Phillips 66 by 1.5% during the fourth quarter. Asset Advisors Corp now owns 34,375 shares of the oil and gas company’s stock worth $3,477,000 after acquiring an additional 500 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Phillips 66 by 20.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 2,963 shares of the oil and gas company’s stock worth $300,000 after acquiring an additional 500 shares during the last quarter. Bollard Group LLC increased its position in shares of Phillips 66 by 1.5% during the fourth quarter. Bollard Group LLC now owns 38,988 shares of the oil and gas company’s stock worth $3,944,000 after acquiring an additional 558 shares during the last quarter. Finally, Independent Advisor Alliance increased its position in shares of Phillips 66 by 17.2% during the third quarter. Independent Advisor Alliance now owns 3,804 shares of the oil and gas company’s stock worth $355,000 after acquiring an additional 559 shares during the last quarter. 77.87% of the stock is currently owned by institutional investors.
Phillips 66 (NYSE PSX) traded up $0.65 during trading hours on Friday, reaching $95.11. The company had a trading volume of 342,865 shares, compared to its average volume of 2,241,510. The firm has a market capitalization of $43,948.96, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 1.58 and a beta of 1.18. Phillips 66 has a fifty-two week low of $75.14 and a fifty-two week high of $107.47. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 0.37.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 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 9.18% and a net margin of 4.88%. During the same period last year, the firm earned $0.16 earnings per share. analysts expect that Phillips 66 will post 7.03 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.94%. Phillips 66’s payout ratio is currently 28.20%.
PSX has been the topic of a number of analyst reports. Vetr lowered Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 target price on the stock. in a research report on Tuesday, November 21st. US Capital Advisors lowered Phillips 66 from an “overweight” rating to a “hold” rating in a research report on Monday, December 4th. Goldman Sachs Group raised Phillips 66 to a “buy” rating in a research report on Monday, December 18th. Royal Bank of Canada reaffirmed a “hold” rating and set a $102.00 target price on shares of Phillips 66 in a research report on Wednesday, December 20th. Finally, Credit Suisse Group initiated coverage on Phillips 66 in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $108.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $103.46.
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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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