Calamos Advisors LLC raised its stake in Phillips 66 (NYSE:PSX) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,639 shares of the company’s stock after buying an additional 30 shares during the period. Calamos Advisors LLC’s holdings in Phillips 66 were worth $8,619,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in PSX. Bank of Montreal Can purchased a new position in Phillips 66 during the second quarter valued at $31,281,000. National Pension Service increased its position in Phillips 66 by 4.3% in the first quarter. National Pension Service now owns 303,287 shares of the company’s stock valued at $26,262,000 after buying an additional 12,508 shares during the period. PGGM Investments increased its position in Phillips 66 by 98.1% in the second quarter. PGGM Investments now owns 732,347 shares of the company’s stock valued at $58,104,000 after buying an additional 362,634 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new position in Phillips 66 during the second quarter valued at $225,000. Finally, Legal & General Group Plc increased its position in Phillips 66 by 3.1% in the first quarter. Legal & General Group Plc now owns 2,620,091 shares of the company’s stock valued at $226,871,000 after buying an additional 78,072 shares during the period. 69.98% of the stock is currently owned by institutional investors.
Phillips 66 (NYSE:PSX) traded down 2.35% during trading on Thursday, reaching $79.28. 4,121,844 shares of the company traded hands. The company’s 50-day moving average is $78.80 and its 200 day moving average is $80.46. The company has a market cap of $41.45 billion, a PE ratio of 13.72 and a beta of 1.38. Phillips 66 has a 12 month low of $71.74 and a 12 month high of $94.12.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. Phillips 66 had a net margin of 3.51% and a return on equity of 13.44%. During the same quarter in the previous year, the company posted $1.83 earnings per share. On average, analysts anticipate that Phillips 66 will post $3.40 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 3.18%. Phillips 66’s dividend payout ratio is currently 43.83%.
Several analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Phillips 66 from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Friday, June 10th. Morgan Stanley cut shares of Phillips 66 from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $105.00 to $90.00 in a report on Friday, June 17th. Vetr cut shares of Phillips 66 from a “strong-buy” rating to a “buy” rating and set a $89.00 price target for the company. in a report on Wednesday, June 22nd. Goldman Sachs Group Inc. restated a “sell” rating on shares of Phillips 66 in a report on Wednesday, June 29th. Finally, Zacks Investment Research cut shares of Phillips 66 from a “hold” rating to a “strong sell” rating in a report on Monday, July 4th. Fourteen research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $85.86.
In other Phillips 66 news, major shareholder Berkshire Hathaway Inc purchased 290,116 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was bought at an average cost of $77.04 per share, with a total value of $22,350,536.64. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.05% of the company’s stock.
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 its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.
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