Dorsey & Whitney Trust CO LLC Has $543,000 Stake in Phillips 66 (PSX)

Dorsey & Whitney Trust CO LLC raised its holdings in shares of Phillips 66 (NYSE:PSX) by 18.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,564 shares of the oil and gas company’s stock after acquiring an additional 1,012 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Phillips 66 were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Guardian Life Insurance Co. of America boosted its stake in shares of Phillips 66 by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,708 shares of the oil and gas company’s stock worth $135,000 after acquiring an additional 11 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake in shares of Phillips 66 by 0.4% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 3,821 shares of the oil and gas company’s stock worth $316,000 after acquiring an additional 14 shares during the last quarter. Hudock Capital Group LLC boosted its stake in shares of Phillips 66 by 0.6% during the 2nd quarter. Hudock Capital Group LLC now owns 2,509 shares of the oil and gas company’s stock worth $207,000 after acquiring an additional 16 shares during the last quarter. Good Life Advisors LLC boosted its stake in shares of Phillips 66 by 0.3% during the 2nd quarter. Good Life Advisors LLC now owns 6,198 shares of the oil and gas company’s stock worth $511,000 after acquiring an additional 17 shares during the last quarter. Finally, Northwest Quadrant Wealth Management LLC boosted its stake in shares of Phillips 66 by 0.6% during the 1st quarter. Northwest Quadrant Wealth Management LLC now owns 2,862 shares of the oil and gas company’s stock worth $228,000 after acquiring an additional 18 shares during the last quarter. Institutional investors and hedge funds own 69.54% of the company’s stock.

In related news, VP Chukwuemeka A. Oyolu sold 1,151 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $89.08, for a total transaction of $102,531.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

WARNING: This story was published by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/2956769/dorsey-whitney-trust-co-llc-has-543000-stake-in-phillips-66-psx.html.

PSX has been the topic of several analyst reports. Scotiabank reiterated a “hold” rating and set a $86.00 price target on shares of Phillips 66 in a research note on Tuesday, June 27th. TheStreet upgraded shares of Phillips 66 from a “c” rating to a “b-” rating in a research note on Friday, June 30th. Zacks Investment Research cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Piper Jaffray Companies reiterated a “buy” rating and set a $84.00 price target on shares of Phillips 66 in a research note on Friday, July 14th. Finally, Barclays PLC reiterated 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Phillips 66 has a consensus rating of “Hold” and a consensus target price of $92.67.

Shares of Phillips 66 (NYSE PSX) opened at 94.34 on Friday. The firm has a 50-day moving average of $88.46 and a 200-day moving average of $82.24. Phillips 66 has a one year low of $75.14 and a one year high of $94.69. The company has a market capitalization of $48.26 billion, a P/E ratio of 28.23 and a beta of 1.19.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.07. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. The firm had revenue of $24.58 billion for the quarter, compared to the consensus estimate of $25.14 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. Analysts forecast that Phillips 66 will post $4.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, October 17th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, November 16th. Phillips 66’s dividend payout ratio (DPR) is presently 83.58%.

Phillips 66 declared that its board has initiated a stock buyback plan on Monday, October 9th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Phillips 66 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.

Want to see what other hedge funds are holding PSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Phillips 66 (NYSE:PSX).

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

Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.