Willingdon Wealth Management acquired a new position in Phillips 66 (NYSE:PSX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,232 shares of the oil and gas company’s stock, valued at approximately $139,000.
Several other large investors also recently bought and sold shares of PSX. Acropolis Investment Management LLC purchased a new stake in shares of Phillips 66 in the 2nd quarter worth $106,000. Capital Advisors Ltd. LLC increased its stake in shares of Phillips 66 by 152.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 944 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 570 shares in the last quarter. Tuttle Tactical Management purchased a new stake in shares of Phillips 66 in the 2nd quarter worth $107,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Phillips 66 in the 2nd quarter worth $111,000. Finally, Kaizen Advisory LLC increased its stake in shares of Phillips 66 by 144.3% in the 2nd quarter. Kaizen Advisory LLC now owns 1,004 shares of the oil and gas company’s stock worth $113,000 after purchasing an additional 593 shares in the last quarter. Hedge funds and other institutional investors own 69.67% of the company’s stock.
Several equities research analysts have recently commented on PSX shares. Morgan Stanley upped their price objective on Phillips 66 from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, July 16th. Zacks Investment Research upgraded Phillips 66 from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Wednesday, August 1st. Mizuho started coverage on Phillips 66 in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $124.00 price objective for the company. Citigroup upped their price objective on Phillips 66 from $124.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 15th. Finally, ValuEngine downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $121.79.
Shares of Phillips 66 stock opened at $99.01 on Friday. The firm has a market capitalization of $47.41 billion, a P/E ratio of 22.61, a PEG ratio of 1.40 and a beta of 0.99. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.43. Phillips 66 has a fifty-two week low of $89.14 and a fifty-two week high of $123.97.
Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, October 26th. The oil and gas company reported $3.10 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.60. The company had revenue of $30.59 billion during the quarter, compared to the consensus estimate of $28.50 billion. Phillips 66 had a net margin of 5.72% and a return on equity of 14.97%. During the same quarter in the prior year, the firm posted $1.66 EPS. On average, sell-side analysts forecast that Phillips 66 will post 8.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 19th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, November 16th. Phillips 66’s dividend payout ratio (DPR) is presently 73.06%.
Phillips 66 Profile
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks, delivers refined products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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