Kidder Stephen W continued to hold its stake in Phillips 66 (NYSE:PSX) during the first quarter, Holdings Channel reports. The institutional investor owned 3,309 shares of the oil and gas company’s stock at the end of the first quarter. Kidder Stephen W’s holdings in Phillips 66 were worth $262,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in PSX. Winch Advisory Services LLC increased its stake in 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 during the last quarter. Westside Investment Management Inc. increased its stake in Phillips 66 by 239.2% in the first quarter. Westside Investment Management Inc. now owns 1,418 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,000 shares during the last quarter. FTB Advisors Inc. increased its stake in 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 during the last quarter. Guardian Life Insurance Co. of America increased its stake in Phillips 66 by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,708 shares of the oil and gas company’s stock worth $135,000 after buying an additional 11 shares during the last quarter. Finally, Barrett Asset Management LLC increased its stake in 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 during the last quarter. 69.78% of the stock is currently owned by institutional investors.
Phillips 66 (NYSE:PSX) traded down 0.5306% on Thursday, hitting $84.0417. 411,264 shares of the stock were exchanged. Phillips 66 has a 52-week low of $75.14 and a 52-week high of $88.87. The firm has a market cap of $42.99 billion, a PE ratio of 25.1321 and a beta of 1.22. The stock’s 50 day moving average price is $82.83 and its 200 day moving average price is $79.81.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. The firm had revenue of $24.58 billion for the quarter, compared to analyst estimates of $25.14 billion. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. During the same period in the previous year, the firm earned $0.94 EPS. Equities research analysts forecast that Phillips 66 will post $4.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 3.31%. Phillips 66’s dividend payout ratio (DPR) is currently 83.58%.
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A number of equities research analysts recently issued reports on the stock. Jefferies Group LLC set a $74.00 price target on shares of Phillips 66 and gave the company a “hold” rating in a research note on Saturday, June 3rd. Barclays PLC reaffirmed an “equal weight” rating and set a $89.00 price target (up previously from $87.00) on shares of Phillips 66 in a research note on Wednesday, August 2nd. BidaskClub raised shares of Phillips 66 from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Scotiabank set a $86.00 price target on shares of Phillips 66 and gave the company a “hold” rating in a research note on Tuesday, August 1st. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $83.00 target price (down previously from $84.00) on shares of Phillips 66 in a research note on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $83.53.
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 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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