Graypoint LLC trimmed its place in shares of Phillips 66 (NYSE:PSX – Free Report) by 3.5% in the course of the third quarter, based on the corporate in its most up-to-date Type 13F submitting with the Securities & Trade Fee. The agency owned 4,558 shares of the oil and gasoline firm’s inventory after promoting 165 shares in the course of the quarter. Graypoint LLC’s holdings in Phillips 66 had been value $599,000 on the finish of the latest quarter.
A number of different giant traders have additionally just lately added to or diminished their stakes within the firm. Crewe Advisors LLC acquired a brand new place in Phillips 66 in the course of the 1st quarter value roughly $25,000. Strategic Monetary Ideas LLC bought a brand new stake in shares of Phillips 66 within the second quarter valued at roughly $26,000. nVerses Capital LLC acquired a brand new place in Phillips 66 in the course of the third quarter value $26,000. Values First Advisors Inc. bought a brand new place in Phillips 66 within the third quarter value $30,000. Lastly, Financial institution & Belief Co acquired a brand new stake in Phillips 66 within the second quarter valued at $31,000. 76.93% of the inventory is owned by hedge funds and different institutional traders.
Insider Shopping for and Promoting
In different information, CFO Kevin J. Mitchell offered 30,000 shares of the corporate’s inventory in a transaction dated Thursday, August fifteenth. The shares had been offered 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 owns 81,937 shares of the corporate’s inventory, valued at $11,390,062.37. This represents a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the SEC, which is out there by way of this hyperlink. 0.22% of the inventory is presently owned by firm insiders.
Analyst Upgrades and Downgrades
Numerous equities analysts have just lately issued stories on the inventory. Morgan Stanley minimize their worth goal on shares of Phillips 66 from $150.00 to $144.00 and set an “equal weight” ranking for the corporate in a report on Monday, September sixteenth. TD Cowen diminished their worth goal on shares of Phillips 66 from $162.00 to $150.00 and set a “purchase” ranking for the corporate in a analysis report on Wednesday, September eleventh. Wolfe Analysis began protection on Phillips 66 in a analysis observe on Thursday, July 18th. They set a “peer carry out” ranking on the inventory. Piper Sandler set a $144.00 worth goal on Phillips 66 in a analysis observe on Thursday, October seventeenth. Lastly, Scotiabank decreased their goal worth on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” ranking on the inventory in a analysis report on Thursday, October tenth. 5 analysts have rated the inventory with a maintain ranking and eleven have issued a purchase ranking to the inventory. Based mostly on information from MarketBeat, the inventory has a consensus ranking of “Average Purchase” and a mean goal worth of $150.38.
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Phillips 66 Inventory Efficiency
Shares of NYSE PSX opened at $126.47 on Friday. The corporate has a 50-day easy shifting common of $130.12 and a 200-day easy shifting common of $136.72. The corporate has a debt-to-equity ratio of 0.62, a present ratio of 1.21 and a fast ratio of 0.83. The corporate has a market cap of $52.23 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 4.17 and a beta of 1.33. Phillips 66 has a 12 month low of $110.54 and a 12 month excessive of $174.08.
Phillips 66 (NYSE:PSX – Get Free Report) final launched its earnings outcomes on Tuesday, October twenty ninth. The oil and gasoline firm reported $2.04 EPS for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a internet margin of two.24% and a return on fairness of 13.12%. The agency had income of $36.16 billion in the course of the quarter, in comparison with analysts’ expectations of $36.31 billion. Throughout the identical interval within the earlier 12 months, the corporate earned $4.63 EPS. Phillips 66’s income for the quarter was down 10.3% on a year-over-year foundation. On common, equities analysts anticipate that Phillips 66 will submit 7.68 earnings per share for the present 12 months.
Phillips 66 Proclaims Dividend
The agency additionally just lately introduced a quarterly dividend, which will probably be paid on Monday, December 2nd. Traders of file on Monday, November 18th will probably be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 annualized dividend and a yield of three.64%. Phillips 66’s payout ratio is presently 59.05%.
About Phillips 66
Phillips 66 operates as an power manufacturing and logistics firm in america, the UK, Germany, and internationally. It operates by way of 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; 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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