LVW Advisors LLC acquired a new position in shares of Phillips 66 (NYSE:PSX) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,055 shares of the oil and gas company’s stock, valued at approximately $208,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Spark Investment Management LLC raised its holdings in Phillips 66 by 70.5% during the 4th quarter. Spark Investment Management LLC now owns 177,700 shares of the oil and gas company’s stock worth $17,974,000 after buying an additional 73,500 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in Phillips 66 by 3.4% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 49,149 shares of the oil and gas company’s stock worth $4,971,000 after buying an additional 1,620 shares during the period. Johnson Financial Group Inc. raised its holdings in Phillips 66 by 8.6% during the 4th quarter. Johnson Financial Group Inc. now owns 28,923 shares of the oil and gas company’s stock worth $2,926,000 after buying an additional 2,292 shares during the period. Eaton Vance Management raised its holdings in Phillips 66 by 19.4% during the 4th quarter. Eaton Vance Management now owns 1,980,794 shares of the oil and gas company’s stock worth $200,357,000 after buying an additional 321,404 shares during the period. Finally, Allen Capital Group LLC acquired a new stake in Phillips 66 during the 4th quarter worth about $1,371,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.
In related news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $100.25, for a total value of $270,675.00. Following the transaction, the vice president now owns 2,700 shares in the company, valued at $270,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company’s stock.
Phillips 66 (NYSE:PSX) opened at $92.52 on Tuesday. The firm has a market capitalization of $46,028.62, a PE ratio of 20.97, a PEG ratio of 1.50 and a beta of 1.11. Phillips 66 has a twelve month low of $75.14 and a twelve month high of $107.47. The company has a quick ratio of 0.86, a current ratio of 1.31 and a debt-to-equity ratio of 0.40.
Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.21. Phillips 66 had a return on equity of 9.52% and a net margin of 4.88%. The firm had revenue of $30.12 billion for the quarter, compared to the consensus estimate of $30.71 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. sell-side analysts forecast that Phillips 66 will post 7.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be issued a $0.70 dividend. The ex-dividend date is Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 3.03%. Phillips 66’s dividend payout ratio is currently 28.20%.
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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.
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