GSA Capital Companions LLP bought a brand new stake in shares of Phillips 66 (NYSE:PSX – Free Report) within the third quarter, based on the corporate in its most up-to-date submitting with the SEC. The fund bought 6,213 shares of the oil and gasoline firm’s inventory, valued at roughly $817,000.
Different hedge funds and different institutional buyers have additionally not too long ago added to or diminished their stakes within the firm. Financial institution of New York Mellon Corp grew its holdings in Phillips 66 by 5.0% in the course of the second quarter. Financial institution of New York Mellon Corp now owns 8,422,720 shares of the oil and gasoline firm’s inventory price $1,189,035,000 after shopping for a further 402,925 shares within the final quarter. Boston Companions grew its stake in shares of Phillips 66 by 41.4% within the 1st quarter. Boston Companions now owns 5,453,892 shares of the oil and gasoline firm’s inventory price $889,214,000 after buying a further 1,595,722 shares within the final quarter. Authorized & Common Group Plc raised its holdings in shares of Phillips 66 by 0.5% within the second quarter. Authorized & Common Group Plc now owns 3,699,370 shares of the oil and gasoline firm’s inventory valued at $522,240,000 after buying a further 18,238 shares over the last quarter. Dimensional Fund Advisors LP lifted its place in shares of Phillips 66 by 3.2% in the course of the second quarter. Dimensional Fund Advisors LP now owns 3,643,264 shares of the oil and gasoline firm’s inventory valued at $514,253,000 after buying a further 111,261 shares within the final quarter. Lastly, Worth T Rowe Associates Inc. MD boosted its holdings in Phillips 66 by 96.9% in the course of the first quarter. Worth T Rowe Associates Inc. MD now owns 2,863,603 shares of the oil and gasoline firm’s inventory price $467,743,000 after buying a further 1,408,954 shares over the last quarter. 76.93% of the inventory is owned by institutional buyers.
Analysts Set New Worth Targets
A number of equities analysts have commented on the inventory. Scotiabank dropped their goal value on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” score on the inventory in a analysis report on Thursday, October tenth. Piper Sandler set a $144.00 value goal on Phillips 66 in a analysis observe on Thursday, October seventeenth. Financial institution of America assumed protection on Phillips 66 in a analysis observe on Thursday, October seventeenth. They set a “purchase” score and a $156.00 goal value on the inventory. Raymond James elevated their value goal on shares of Phillips 66 from $150.00 to $155.00 and gave the corporate an “outperform” score in a analysis report on Wednesday, July thirty first. Lastly, UBS Group lowered their value goal on shares of Phillips 66 from $150.00 to $138.00 and set a “purchase” score on the inventory in a analysis report on Monday, November 4th. 5 equities analysis analysts have rated the inventory with a maintain score and eleven have issued a purchase score to the corporate’s inventory. Based on information from MarketBeat.com, the inventory has a mean score of “Average Purchase” and a consensus goal value of $149.69.
Get Our Newest Inventory Evaluation on Phillips 66
Phillips 66 Inventory Up 0.9 %
PSX inventory opened at $130.91 on Friday. The inventory has a 50-day easy transferring common of $129.75 and a two-hundred day easy transferring common of $135.81. Phillips 66 has a twelve month low of $111.90 and a twelve month excessive of $174.08. The agency has a market capitalization of $54.06 billion, a PE ratio of 16.80, a PEG ratio of 4.26 and a beta of 1.33. The corporate has a fast ratio of 0.83, a present ratio of 1.21 and a debt-to-equity ratio of 0.62.
Phillips 66 (NYSE:PSX – Get Free Report) final issued its quarterly earnings information on Tuesday, October twenty ninth. The oil and gasoline firm reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. The corporate had income of $36.16 billion in the course of the quarter, in comparison with analysts’ expectations of $36.31 billion. Phillips 66 had a internet margin of two.24% and a return on fairness of 13.12%. Phillips 66’s income for the quarter was down 10.3% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the corporate earned $4.63 earnings per share. On common, equities analysts predict that Phillips 66 will put up 7.63 EPS for the present fiscal 12 months.
Phillips 66 Dividend Announcement
The corporate additionally not too long ago declared a quarterly dividend, which might be paid on Monday, December 2nd. Stockholders of file on Monday, November 18th might be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 annualized dividend and a dividend yield of three.51%. Phillips 66’s payout ratio is at present 59.05%.
About Phillips 66
Phillips 66 operates as an vitality manufacturing and logistics firm in america, the UK, Germany, and internationally. It operates via 4 segments: Midstream, Chemical substances, Refining, and Advertising and Specialties (M&S). The Midstream section transports crude oil and different feedstocks; delivers refined petroleum merchandise to market; offers terminaling and storage providers for crude oil and refined petroleum merchandise; transports, shops, fractionates, exports, and markets pure gasoline liquids; offers different fee-based processing providers; and gathers, processes, transports, and markets pure gasoline.
Additional Studying
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