Barnett & Company Inc. continued to hold its position in Phillips 66 (NYSE:PSX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,875 shares of the oil and gas company’s stock at the end of the first quarter. Barnett & Company Inc.’s holdings in Phillips 66 were worth $149,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in PSX. Winch Advisory Services LLC raised its stake in shares of Phillips 66 by 5,872.7% in the first quarter. Winch Advisory Services LLC now owns 1,314 shares of the oil and gas company’s stock worth $104,000 after buying an additional 1,292 shares in the last quarter. FTB Advisors Inc. raised its stake in shares of Phillips 66 by 17.3% in the first quarter. FTB Advisors Inc. now owns 1,444 shares of the oil and gas company’s stock worth $113,000 after buying an additional 213 shares in the last quarter. Barrett Asset Management LLC raised its stake in shares of Phillips 66 by 2.9% in the first quarter. Barrett Asset Management LLC now owns 1,762 shares of the oil and gas company’s stock worth $140,000 after buying an additional 50 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Phillips 66 during the fourth quarter worth $158,000. Finally, Blenheim Capital Management BV acquired a new stake in shares of Phillips 66 during the fourth quarter worth $172,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Phillips 66 (NYSE:PSX) opened at 80.27 on Monday. Phillips 66 has a 52-week low of $73.67 and a 52-week high of $88.87. The stock’s 50 day moving average is $78.60 and its 200-day moving average is $80.50. The firm has a market capitalization of $41.43 billion, a P/E ratio of 24.91 and a beta of 1.27.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.53. The business had revenue of $23.71 billion during the quarter, compared to analysts’ expectations of $22.30 billion. Phillips 66 had a net margin of 1.86% and a return on equity of 5.98%. During the same period last year, the firm posted $0.67 earnings per share. On average, equities analysts forecast that Phillips 66 will post $4.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th were issued a $0.70 dividend. The ex-dividend date was Tuesday, May 16th. This is a boost from Phillips 66’s previous quarterly dividend of $0.63. This represents a $2.80 annualized dividend and a dividend yield of 3.49%. Phillips 66’s dividend payout ratio (DPR) is 86.96%.
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A number of brokerages have weighed in on PSX. BidaskClub raised Phillips 66 from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Scotiabank set a $86.00 price objective on Phillips 66 and gave the company a “hold” rating in a report on Monday, May 1st. TheStreet raised Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, April 28th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $88.00 price objective on shares of Phillips 66 in a report on Thursday, May 25th. Finally, US Capital Advisors reaffirmed a “buy” rating on shares of Phillips 66 in a report on Monday, May 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $84.86.
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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