DekaBank Deutsche Girozentrale lessened its stake in Phillips 66 (NYSE:PSX – Free Report) by 3.6% within the second quarter, in response to the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The agency owned 196,367 shares of the oil and gasoline firm’s inventory after promoting 7,335 shares through the quarter. DekaBank Deutsche Girozentrale’s holdings in Phillips 66 have been price $27,369,000 on the finish of the newest reporting interval.
A number of different giant traders additionally just lately purchased and bought shares of PSX. Vanguard Capital Wealth Advisors grew its holdings in Phillips 66 by 38.0% through the 2nd quarter. Vanguard Capital Wealth Advisors now owns 5,797 shares of the oil and gasoline firm’s inventory valued at $818,000 after buying an extra 1,597 shares within the final quarter. American Century Firms Inc. boosted its place in Phillips 66 by 3.9% within the 2nd quarter. American Century Firms Inc. now owns 309,478 shares of the oil and gasoline firm’s inventory valued at $43,689,000 after shopping for an extra 11,711 shares over the past quarter. Linscomb Wealth Inc. grew its stake in shares of Phillips 66 by 1.8% through the second quarter. Linscomb Wealth Inc. now owns 5,199 shares of the oil and gasoline firm’s inventory valued at $734,000 after buying an extra 93 shares within the final quarter. Hazlett Burt & Watson Inc. elevated its place in shares of Phillips 66 by 23.6% through the second quarter. Hazlett Burt & Watson Inc. now owns 2,720 shares of the oil and gasoline firm’s inventory price $384,000 after buying an extra 519 shares over the past quarter. Lastly, LPL Monetary LLC boosted its holdings in Phillips 66 by 2.6% within the second quarter. LPL Monetary LLC now owns 664,044 shares of the oil and gasoline firm’s inventory valued at $93,743,000 after buying an extra 16,619 shares over the past quarter. Institutional traders and hedge funds personal 76.93% of the corporate’s inventory.
Phillips 66 Buying and selling Up 0.8 %
Shares of NYSE PSX opened at $126.70 on Friday. Phillips 66 has a 12-month low of $107.85 and a 12-month excessive of $174.08. The corporate has a market cap of $53.03 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 4.50 and a beta of 1.33. 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 inventory’s 50 day easy transferring common is $135.79 and its 200 day easy transferring common is $144.16.
Phillips 66 (NYSE:PSX – Get Free Report) final posted its earnings outcomes on Tuesday, July thirtieth. The oil and gasoline firm reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.33. The corporate had income of $38.91 billion for the quarter, in comparison with analysts’ expectations of $37.79 billion. Phillips 66 had a return on fairness of 16.77% and a internet margin of three.32%. The agency’s quarterly income was up 8.9% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the enterprise posted $3.87 earnings per share. Equities analysis analysts anticipate that Phillips 66 will publish 9.25 EPS for the present yr.
Phillips 66 Proclaims Dividend
The corporate additionally just lately introduced a quarterly dividend, which was paid on Tuesday, September third. Shareholders of document on Tuesday, August twentieth got a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of three.63%. The ex-dividend date was Tuesday, August twentieth. Phillips 66’s dividend payout ratio (DPR) is 35.38%.
Insider Shopping for and Promoting at Phillips 66
In different information, CFO Kevin J. Mitchell bought 30,000 shares of the enterprise’s inventory in a transaction that occurred on Thursday, August fifteenth. The inventory was bought at a mean worth of $139.01, for a complete transaction of $4,170,300.00. Following the completion of the transaction, the chief monetary officer now immediately owns 81,937 shares within the firm, valued at $11,390,062.37. The sale was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. 0.22% of the inventory is owned by firm insiders.
Wall Avenue Analyst Weigh In
A number of equities analysis analysts have issued stories on PSX shares. Argus restated a “purchase” ranking and set a $167.00 worth goal on shares of Phillips 66 in a report on Thursday, Could thirtieth. Piper Sandler lower their worth goal on shares of Phillips 66 from $170.00 to $151.00 and set an “obese” ranking on the inventory in a report on Friday, June 14th. Scotiabank decreased their worth goal on shares of Phillips 66 from $156.00 to $145.00 and set a “sector outperform” ranking for the corporate in a report on Friday, July twelfth. Mizuho lower their goal worth on shares of Phillips 66 from $162.00 to $160.00 and set a “impartial” ranking on the inventory in a analysis notice on Thursday, June twentieth. Lastly, Barclays lifted their worth goal on Phillips 66 from $136.00 to $138.00 and gave the inventory an “equal weight” ranking in a analysis notice on Monday, August fifth. 5 equities analysis analysts have rated the inventory with a maintain ranking and ten have assigned a purchase ranking to the corporate’s inventory. In accordance with information from MarketBeat.com, the corporate presently has a consensus ranking of “Reasonable Purchase” and a consensus worth goal of $156.92.
Learn Our Newest Inventory Evaluation on PSX
About Phillips 66
Phillips 66 operates as an vitality manufacturing and logistics firm in the US, the UK, Germany, and internationally. It operates via 4 segments: Midstream, Chemical compounds, Refining, and Advertising and marketing and Specialties (M&S). The Midstream phase transports crude oil and different feedstocks; delivers refined petroleum merchandise to market; supplies terminaling and storage companies for crude oil and refined petroleum merchandise; transports, shops, fractionates, exports, and markets pure gasoline liquids; supplies different fee-based processing companies; and gathers, processes, transports, and markets pure gasoline.
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