Marshall Wace LLP lifted its position in Phillips 66 (NYSE:PSX) by 1,151.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,804 shares of the oil and gas company’s stock after acquiring an additional 190,284 shares during the period. Marshall Wace LLP’s holdings in Phillips 66 were worth $23,311,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. SevenBridge Financial Group LLC increased its position in shares of Phillips 66 by 2.2% in the second quarter. SevenBridge Financial Group LLC now owns 20,083 shares of the oil and gas company’s stock worth $2,256,000 after acquiring an additional 435 shares in the last quarter. M Holdings Securities Inc. increased its position in shares of Phillips 66 by 19.7% in the second quarter. M Holdings Securities Inc. now owns 2,670 shares of the oil and gas company’s stock worth $300,000 after acquiring an additional 439 shares in the last quarter. CX Institutional increased its position in shares of Phillips 66 by 3.4% in the third quarter. CX Institutional now owns 13,250 shares of the oil and gas company’s stock worth $1,494,000 after acquiring an additional 440 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Phillips 66 by 33.6% in the second quarter. Captrust Financial Advisors now owns 1,820 shares of the oil and gas company’s stock worth $204,000 after acquiring an additional 458 shares in the last quarter. Finally, Montag A & Associates Inc. increased its position in shares of Phillips 66 by 10.5% in the second quarter. Montag A & Associates Inc. now owns 5,002 shares of the oil and gas company’s stock worth $562,000 after acquiring an additional 477 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of PSX opened at $90.35 on Friday. Phillips 66 has a 52 week low of $88.99 and a 52 week high of $123.97. The company has a market cap of $42.70 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.23 and a beta of 0.95. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43.
Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, October 26th. The oil and gas company reported $3.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.60. The company had revenue of $30.59 billion during the quarter, compared to the consensus estimate of $28.50 billion. Phillips 66 had a net margin of 5.72% and a return on equity of 14.97%. During the same period in the previous year, the firm posted $1.66 earnings per share. On average, equities research analysts predict that Phillips 66 will post 8.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 19th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Friday, November 16th. Phillips 66’s dividend payout ratio is 73.06%.
A number of brokerages recently commented on PSX. Zacks Investment Research raised shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Monday, November 26th. Citigroup boosted their price objective on shares of Phillips 66 from $124.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, August 15th. Finally, ValuEngine downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $122.19.
In other Phillips 66 news, Director J Brian Ferguson bought 21,500 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was bought at an average cost of $92.31 per share, with a total value of $1,984,665.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company’s stock.
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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