Lake Street Advisors Group LLC acquired a new position in shares of Phillips 66 (NYSE:PSX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,631 shares of the oil and gas company’s stock, valued at approximately $266,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Rowland & Co. Investment Counsel ADV acquired a new stake in Phillips 66 during the fourth quarter worth approximately $102,000. FTB Advisors Inc. boosted its position in Phillips 66 by 112.9% during the third quarter. FTB Advisors Inc. now owns 1,471 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 780 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Phillips 66 during the third quarter worth approximately $141,000. First Dallas Securities Inc. acquired a new stake in Phillips 66 during the fourth quarter worth approximately $143,000. Finally, Truewealth LLC acquired a new position in shares of Phillips 66 in the 4th quarter valued at $151,000. 77.72% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the stock. Barclays reiterated a “sell” rating and issued a $111.00 price target on shares of Phillips 66 in a report on Wednesday, January 10th. Scotiabank reiterated a “buy” rating and issued a $112.00 price target on shares of Phillips 66 in a report on Wednesday, January 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $106.00 price target on shares of Phillips 66 in a report on Tuesday, January 30th. Citigroup lifted their price target on shares of Phillips 66 from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Deutsche Bank decreased their price target on shares of Phillips 66 from $106.00 to $102.00 and set a “hold” rating on the stock in a report on Monday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Phillips 66 currently has an average rating of “Hold” and an average price target of $103.37.
Shares of Phillips 66 (NYSE PSX) opened at $94.70 on Friday. Phillips 66 has a one year low of $75.14 and a one year high of $107.47. The stock has a market cap of $44,853.98, a price-to-earnings ratio of 21.95, a P/E/G ratio of 1.69 and a beta of 1.18. The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37.
Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, topping 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 9.18%. The firm had revenue of $30.12 billion for the quarter, compared to the consensus estimate of $30.71 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. analysts expect that Phillips 66 will post 6.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Tuesday, February 20th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.96%. The ex-dividend date was Friday, February 16th. Phillips 66’s dividend payout ratio (DPR) is 28.20%.
ILLEGAL ACTIVITY NOTICE: “Lake Street Advisors Group LLC Acquires Shares of 2,631 Phillips 66 (PSX)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/03/23/lake-street-advisors-group-llc-acquires-shares-of-2631-phillips-66-psx.html.
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.
Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.