Wealthspire Advisors LLC diminished its place in Phillips 66 (NYSE:PSX – Free Report) by 6.8% throughout the 2nd quarter, based on the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The agency owned 10,598 shares of the oil and gasoline firm’s inventory after promoting 770 shares throughout the quarter. Wealthspire Advisors LLC’s holdings in Phillips 66 had been price $1,496,000 on the finish of the latest quarter.
A number of different hedge funds and different institutional buyers additionally not too long ago made modifications to their positions within the firm. Crewe Advisors LLC acquired a brand new stake in Phillips 66 within the first quarter valued at about $25,000. Keener Monetary Planning LLC purchased a brand new place in shares of Phillips 66 within the first quarter price about $26,000. Strategic Monetary Ideas LLC acquired a brand new stake in shares of Phillips 66 within the 2nd quarter valued at roughly $26,000. Ables Iannone Moore & Associates Inc. purchased a brand new stake in shares of Phillips 66 throughout the 4th quarter valued at roughly $27,000. Lastly, Redmont Wealth Advisors LLC acquired a brand new place in Phillips 66 throughout the 1st quarter price roughly $28,000. 76.93% of the inventory is at present owned by institutional buyers and hedge funds.
Wall Avenue Analyst Weigh In
Various analysts have weighed in on the inventory. Scotiabank reduce their goal worth on shares of Phillips 66 from $156.00 to $145.00 and set a “sector outperform” ranking on the inventory in a analysis report on Friday, July twelfth. Wells Fargo & Firm boosted their worth goal on Phillips 66 from $176.00 to $182.00 and gave the inventory an “obese” ranking in a analysis report on Tuesday, September third. TD Cowen dropped their goal worth on Phillips 66 from $162.00 to $150.00 and set a “purchase” ranking for the corporate in a analysis report on Wednesday, September eleventh. JPMorgan Chase & Co. diminished their worth goal on Phillips 66 from $165.00 to $162.00 and set an “obese” ranking on the inventory in a report on Tuesday, July 2nd. Lastly, Barclays raised their worth goal on shares of Phillips 66 from $136.00 to $138.00 and gave the corporate an “equal weight” ranking in a report on Monday, August fifth. 5 analysts have rated the inventory with a maintain ranking and ten have assigned a purchase ranking to the corporate. Based mostly on information from MarketBeat.com, the corporate has a consensus ranking of “Reasonable Purchase” and a median goal worth of $156.92.
Learn Our Newest Evaluation on Phillips 66
Insider Shopping for and Promoting at Phillips 66
In different information, CFO Kevin J. Mitchell bought 30,000 shares of the corporate’s inventory in a transaction that occurred on Thursday, August fifteenth. The inventory was bought at a median worth of $139.01, for a complete transaction of $4,170,300.00. Following the transaction, the chief monetary officer now straight owns 81,937 shares of the corporate’s inventory, valued at $11,390,062.37. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible via the SEC web site. Insiders personal 0.22% of the corporate’s inventory.
Phillips 66 Inventory Efficiency
Shares of Phillips 66 inventory opened at $126.70 on Monday. The enterprise has a 50-day transferring common worth of $135.79 and a two-hundred day transferring common worth of $144.18. Phillips 66 has a 1-year low of $107.85 and a 1-year excessive of $174.08. The corporate has a present ratio of 1.14, a fast ratio of 0.79 and a debt-to-equity ratio of 0.56. The corporate has a market cap of $53.71 billion, a P/E ratio of 9.75, a PEG ratio of 4.50 and a beta of 1.33.
Phillips 66 (NYSE:PSX – Get Free Report) final issued its earnings outcomes on Tuesday, July thirtieth. The oil and gasoline firm reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.33. Phillips 66 had a web margin of three.32% and a return on fairness of 16.77%. The enterprise had income of $38.91 billion for the quarter, in comparison with analyst estimates of $37.79 billion. Throughout the identical interval within the prior 12 months, the agency earned $3.87 earnings per share. Phillips 66’s income was up 8.9% on a year-over-year foundation. As a gaggle, analysts anticipate that Phillips 66 will put up 9.25 EPS for the present 12 months.
Phillips 66 Pronounces Dividend
The corporate additionally not too long ago declared a quarterly dividend, which was paid on Tuesday, September third. Shareholders of document on Tuesday, August twentieth had been issued a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, August twentieth. This represents a $4.60 annualized dividend and a yield of three.63%. Phillips 66’s payout ratio is at present 35.38%.
About Phillips 66
Phillips 66 operates as an power manufacturing and logistics firm in america, the UK, Germany, and internationally. It operates via 4 segments: Midstream, Chemical compounds, Refining, and Advertising and Specialties (M&S). The Midstream phase transports crude oil and different feedstocks; delivers refined petroleum merchandise to market; gives terminaling and storage providers for crude oil and refined petroleum merchandise; transports, shops, fractionates, exports, and markets pure gasoline liquids; gives different fee-based processing providers; and gathers, processes, transports, and markets pure gasoline.
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