Peoples Financial Services CORP. raised its stake in shares of Phillips 66 (NYSE:PSX) by 50.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,986 shares of the oil and gas company’s stock after purchasing an additional 3,360 shares during the quarter. Peoples Financial Services CORP.’s holdings in Phillips 66 were worth $1,125,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Acropolis Investment Management LLC bought a new stake in Phillips 66 in the second quarter valued at about $106,000. Tuttle Tactical Management bought a new stake in Phillips 66 in the second quarter valued at about $107,000. Baker Ellis Asset Management LLC bought a new stake in Phillips 66 in the second quarter valued at about $111,000. Kaizen Advisory LLC increased its stake in Phillips 66 by 144.3% in the second quarter. Kaizen Advisory LLC now owns 1,004 shares of the oil and gas company’s stock valued at $113,000 after acquiring an additional 593 shares during the period. Finally, Omnia Family Wealth LLC increased its stake in Phillips 66 by 3,040.6% in the second quarter. Omnia Family Wealth LLC now owns 1,005 shares of the oil and gas company’s stock valued at $113,000 after acquiring an additional 973 shares during the period. Institutional investors own 69.47% of the company’s stock.
Phillips 66 stock traded up $0.18 during trading hours on Friday, hitting $109.64. 113,774 shares of the stock were exchanged, compared to its average volume of 2,415,246. The company has a current ratio of 1.24, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 1.69 and a beta of 1.01. Phillips 66 has a 12 month low of $89.14 and a 12 month high of $123.97.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, July 27th. The oil and gas company reported $2.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.64. The firm had revenue of $29.74 billion for the quarter, compared to analysts’ expectations of $29.40 billion. Phillips 66 had a net margin of 5.34% and a return on equity of 12.87%. During the same period in the prior year, the firm earned $1.09 earnings per share. As a group, equities research analysts predict that Phillips 66 will post 7.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 19th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, November 16th. This represents a $3.20 annualized dividend and a yield of 2.92%. Phillips 66’s dividend payout ratio is 73.06%.
PSX has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Barclays raised shares of Phillips 66 from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $133.00 to $128.00 in a research note on Wednesday, October 3rd. Morgan Stanley upped their target price on shares of Phillips 66 from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, July 16th. Citigroup upped their target price on shares of Phillips 66 from $124.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, August 15th. Finally, ValuEngine cut shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $115.84.
Phillips 66 Profile
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks, delivers refined products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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