Chatham Capital Group Inc. Acquires 175 Shares of Phillips 66 (PSX)

Chatham Capital Group Inc. raised its stake in shares of Phillips 66 (NYSE:PSX) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 59,627 shares of the company’s stock after buying an additional 175 shares during the period. Phillips 66 comprises approximately 1.5% of Chatham Capital Group Inc.’s portfolio, making the stock its 21st largest position. Chatham Capital Group Inc.’s holdings in Phillips 66 were worth $4,731,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can bought a new stake in shares of Phillips 66 during the second quarter valued at $31,281,000. PGGM Investments boosted its stake in shares of 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 in the last quarter. Credit Agricole S A boosted its stake in shares of Phillips 66 by 39.2% in the first quarter. Credit Agricole S A now owns 1,286,433 shares of the company’s stock valued at $111,393,000 after buying an additional 362,468 shares in the last quarter. State Street Corp boosted its stake in shares of Phillips 66 by 1.5% in the first quarter. State Street Corp now owns 23,555,046 shares of the company’s stock valued at $2,039,627,000 after buying an additional 358,052 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Phillips 66 by 109.8% in the second quarter. BNP Paribas Arbitrage SA now owns 240,047 shares of the company’s stock valued at $19,045,000 after buying an additional 125,632 shares in the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

Phillips 66 (NYSE:PSX) traded up 0.20% during mid-day trading on Friday, hitting $79.31. The stock had a trading volume of 1,420,794 shares. Phillips 66 has a 12 month low of $71.74 and a 12 month high of $94.12. The stock has a market cap of $41.47 billion, a price-to-earnings ratio of 13.73 and a beta of 1.37. The stock’s 50-day moving average price is $79.50 and its 200-day moving average price is $79.90.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.01. Phillips 66 had a return on equity of 13.44% and a net margin of 3.51%. During the same period in the previous year, the firm posted $1.83 EPS. On average, analysts predict that Phillips 66 will post $3.41 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 3.18%. Phillips 66’s dividend payout ratio is presently 43.83%.

Several equities research analysts have recently weighed in on the company. Morgan Stanley reiterated a “hold” rating on shares of Phillips 66 in a research report on Monday, August 1st. Zacks Investment Research upgraded Phillips 66 from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Vetr upgraded Phillips 66 from a “buy” rating to a “strong-buy” rating and set a $87.87 price target on the stock in a research report on Monday, September 12th. Scotiabank cut Phillips 66 from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $90.00 to $89.00 in a research report on Monday, July 11th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $84.00 price target (down from $86.00) on shares of Phillips 66 in a research report on Monday, October 10th. Fourteen analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $86.12.

In other Phillips 66 news, major shareholder Berkshire Hathaway Inc purchased 17,910 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were bought at an average cost of $77.52 per share, with a total value of $1,388,383.20. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.05% of the stock is owned by corporate insiders.

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.

5 Day Chart for NYSE:PSX

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