Biltmore Wealth Administration LLC grew its place in Phillips 66 (NYSE:PSX – Free Report) by 5.1% within the third quarter, HoldingsChannel experiences. The fund owned 3,568 shares of the oil and fuel firm’s inventory after buying a further 172 shares in the course of the quarter. Biltmore Wealth Administration LLC’s holdings in Phillips 66 had been price $469,000 on the finish of the newest reporting interval.
Different hedge funds have additionally modified their holdings of the corporate. CIBC Personal Wealth Group LLC grew its place in shares of Phillips 66 by 6.5% within the fourth quarter. CIBC Personal Wealth Group LLC now owns 60,680 shares of the oil and fuel firm’s inventory valued at $8,079,000 after buying a further 3,694 shares in the course of the interval. Cetera Advisor Networks LLC elevated its stake in Phillips 66 by 2.4% in the course of the 4th quarter. Cetera Advisor Networks LLC now owns 68,939 shares of the oil and fuel firm’s inventory price $9,179,000 after shopping for a further 1,644 shares within the final quarter. Stephens Inc. AR raised its holdings in shares of Phillips 66 by 0.6% in the course of the fourth quarter. Stephens Inc. AR now owns 14,608 shares of the oil and fuel firm’s inventory valued at $1,945,000 after buying a further 87 shares over the last quarter. Envestnet Asset Administration Inc. raised its holdings in shares of Phillips 66 by 1.2% in the course of the fourth quarter. Envestnet Asset Administration Inc. now owns 1,969,578 shares of the oil and fuel firm’s inventory valued at $262,230,000 after buying a further 22,769 shares over the last quarter. Lastly, Morningstar Funding Providers LLC bought a brand new place in shares of Phillips 66 within the fourth quarter valued at roughly $351,000. 76.93% of the inventory is owned by hedge funds and different institutional buyers.
Phillips 66 Buying and selling Down 0.2 %
Shares of Phillips 66 inventory traded down $0.31 on Friday, reaching $138.62. The corporate had a buying and selling quantity of two,468,549 shares, in comparison with its common quantity of two,733,967. The corporate has a debt-to-equity ratio of 0.56, a fast ratio of 0.79 and a present ratio of 1.14. The agency has a market cap of $58.77 billion, a PE ratio of 10.66, a PEG ratio of 5.28 and a beta of 1.33. The agency’s 50 day shifting common value is $133.83 and its two-hundred day shifting common value is $142.39. Phillips 66 has a 52-week low of $107.85 and a 52-week excessive of $174.08.
Phillips 66 (NYSE:PSX – Get Free Report) final issued its quarterly earnings knowledge on Tuesday, July thirtieth. The oil and fuel firm reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.33. Phillips 66 had a return on fairness of 16.77% and a internet margin of three.32%. The enterprise had income of $38.91 billion in the course of the quarter, in comparison with analysts’ expectations of $37.79 billion. Throughout the identical interval within the earlier 12 months, the agency posted $3.87 earnings per share. The corporate’s income was up 8.9% on a year-over-year foundation. Promote-side analysts predict that Phillips 66 will submit 8.27 earnings per share for the present fiscal 12 months.
Phillips 66 Dividend Announcement
The agency additionally not too long ago declared a quarterly dividend, which was paid on Tuesday, September third. Shareholders of file on Tuesday, August twentieth had been paid a $1.15 dividend. The ex-dividend date was Tuesday, August twentieth. This represents a $4.60 annualized dividend and a dividend yield of three.32%. Phillips 66’s dividend payout ratio (DPR) is 35.38%.
Insiders Place Their Bets
In associated information, CFO Kevin J. Mitchell offered 30,000 shares of Phillips 66 inventory in a transaction that occurred on Thursday, August fifteenth. The shares had been offered at a median value of $139.01, for a complete worth of $4,170,300.00. Following the completion of the transaction, the chief monetary officer now owns 81,937 shares within the firm, valued at $11,390,062.37. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible by this hyperlink. Insiders personal 0.22% of the corporate’s inventory.
Analyst Upgrades and Downgrades
PSX has been the topic of a number of current analysis experiences. Barclays elevated their value goal on Phillips 66 from $136.00 to $138.00 and gave the corporate an “equal weight” score in a analysis be aware on Monday, August fifth. Scotiabank lowered their value goal on shares of Phillips 66 from $156.00 to $145.00 and set a “sector outperform” score on the inventory in a analysis report on Friday, July twelfth. Piper Sandler lower their value goal on shares of Phillips 66 from $151.00 to $136.00 and set an “obese” score for the corporate in a report on Friday, September twentieth. Wolfe Analysis assumed protection on Phillips 66 in a report on Thursday, July 18th. They set a “peer carry out” score on the inventory. Lastly, Morgan Stanley decreased their value goal on Phillips 66 from $150.00 to $144.00 and set an “equal weight” score on the inventory in a analysis report on Monday, September sixteenth. Six analysis analysts have rated the inventory with a maintain score and ten have issued a purchase score to the inventory. Based mostly on knowledge from MarketBeat.com, Phillips 66 has a consensus score of “Average Purchase” and a consensus value goal of $152.71.
About Phillips 66
Phillips 66 operates as an vitality manufacturing and logistics firm in the USA, the UK, Germany, and internationally. It operates by 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; offers terminaling and storage providers for crude oil and refined petroleum merchandise; transports, shops, fractionates, exports, and markets pure fuel liquids; offers different fee-based processing providers; and gathers, processes, transports, and markets pure fuel.
Additional Studying
Wish to see what different hedge funds are holding PSX? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Phillips 66 (NYSE:PSX – Free Report).
Obtain Information & Rankings for Phillips 66 Each day – Enter your e-mail handle beneath to obtain a concise each day abstract of the newest information and analysts’ rankings for Phillips 66 and associated corporations with MarketBeat.com’s FREE each day e-mail e-newsletter.
