Charter Trust Co. boosted its holdings in Phillips 66 (NYSE:PSX) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,071 shares of the oil and gas company’s stock after acquiring an additional 595 shares during the period. Charter Trust Co.’s holdings in Phillips 66 were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Lido Advisors LLC acquired a new stake in shares of Phillips 66 during the 3rd quarter worth $433,000. Port Capital LLC acquired a new stake in shares of Phillips 66 during the 3rd quarter worth $265,000. Tocqueville Asset Management L.P. grew its holdings in shares of Phillips 66 by 37.2% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 10,177 shares of the oil and gas company’s stock worth $1,147,000 after purchasing an additional 2,761 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Phillips 66 during the 3rd quarter worth $110,916,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Phillips 66 during the 3rd quarter worth $231,000. Institutional investors and hedge funds own 69.25% of the company’s stock.
PSX has been the topic of several analyst reports. Wells Fargo & Co increased their target price on Phillips 66 from $137.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, October 29th. Zacks Investment Research lowered Phillips 66 from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. JPMorgan Chase & Co. raised Phillips 66 from a “neutral” rating to an “overweight” rating and set a $138.00 target price on the stock in a report on Tuesday, October 30th. They noted that the move was a valuation call. Finally, Barclays raised Phillips 66 from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $133.00 to $128.00 in a report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. Phillips 66 presently has a consensus rating of “Hold” and a consensus price target of $122.19.
NYSE:PSX opened at $90.35 on Friday. The stock has a market capitalization of $42.15 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 1.22 and a beta of 0.95. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43. Phillips 66 has a twelve month low of $88.99 and a twelve month high of $123.97.
Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, October 26th. The oil and gas company reported $3.10 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.60. The business had revenue of $30.59 billion for the quarter, compared to analyst estimates of $28.50 billion. Phillips 66 had a return on equity of 14.97% and a net margin of 5.72%. During the same period last year, the firm posted $1.66 earnings per share. Equities analysts predict that Phillips 66 will post 8.83 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 19th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.54%. The ex-dividend date was Friday, November 16th. Phillips 66’s dividend payout ratio (DPR) is presently 73.06%.
In other Phillips 66 news, Director J Brian Ferguson acquired 21,500 shares of Phillips 66 stock in a transaction that occurred on Tuesday, November 20th. The shares were acquired at an average cost of $92.31 per share, with a total value of $1,984,665.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.56% of the company’s stock.
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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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