Varma Mutual Pension Insurance coverage Co raised its stake in Phillips 66 (NYSE:PSX – Free Report) by 1.8% within the 2nd quarter, HoldingsChannel studies. The agency owned 127,600 shares of the oil and fuel firm’s inventory after buying an extra 2,200 shares through the quarter. Varma Mutual Pension Insurance coverage Co’s holdings in Phillips 66 had been value $18,013,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional traders have additionally lately purchased and bought shares of the inventory. Madison Park Capital Advisors LLC elevated its stake in Phillips 66 by 3.0% within the first quarter. Madison Park Capital Advisors LLC now owns 2,346 shares of the oil and fuel firm’s inventory valued at $383,000 after buying an extra 68 shares within the final quarter. Premier Path Wealth Companions LLC elevated its place in shares of Phillips 66 by 1.6% through the first quarter. Premier Path Wealth Companions LLC now owns 4,464 shares of the oil and fuel firm’s inventory value $729,000 after buying an extra 71 shares within the final quarter. Warwick Funding Administration Inc. elevated its place in shares of Phillips 66 by 3.1% through the fourth quarter. Warwick Funding Administration Inc. now owns 2,395 shares of the oil and fuel firm’s inventory value $319,000 after buying an extra 73 shares within the final quarter. MV Capital Administration Inc. elevated its place in shares of Phillips 66 by 9.6% through the first quarter. MV Capital Administration Inc. now owns 837 shares of the oil and fuel firm’s inventory value $137,000 after buying an extra 73 shares within the final quarter. Lastly, HCR Wealth Advisors elevated its place in shares of Phillips 66 by 2.9% through the fourth quarter. HCR Wealth Advisors now owns 2,640 shares of the oil and fuel firm’s inventory value $351,000 after buying an extra 74 shares within the final quarter. 76.93% of the inventory is owned by institutional traders.
Phillips 66 Inventory Down 0.6 %
Phillips 66 inventory opened at $128.14 on Monday. 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 inventory has a market cap of $53.64 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of two.31 and a beta of 1.33. Phillips 66 has a fifty-two week low of $107.85 and a fifty-two week excessive of $174.08. The agency’s 50-day easy transferring common is $137.16 and its 200 day easy transferring common is $144.86.
Phillips 66 (NYSE:PSX – Get Free Report) final launched its earnings outcomes 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. The agency had income of $38.91 billion for the quarter, in comparison with analysts’ expectations of $37.79 billion. Phillips 66 had a web margin of three.32% and a return on fairness of 16.77%. The corporate’s quarterly income was up 8.9% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the corporate earned $3.87 earnings per share. Analysis analysts predict that Phillips 66 will put up 9.25 EPS for the present fiscal yr.
Phillips 66 Pronounces Dividend
The enterprise additionally lately introduced a quarterly dividend, which was paid on Tuesday, September third. Shareholders of document on Tuesday, August twentieth had been paid a $1.15 dividend. This represents a $4.60 dividend on an annualized foundation and a yield of three.59%. The ex-dividend date of this dividend was Tuesday, August twentieth. Phillips 66’s payout ratio is 35.38%.
Analyst Scores Adjustments
A number of equities analysis analysts have lately commented on the inventory. Scotiabank decreased their goal value on shares of Phillips 66 from $156.00 to $145.00 and set a “sector outperform” score for the corporate in a analysis report on Friday, July twelfth. Argus reissued a “purchase” score and set a $167.00 goal value on shares of Phillips 66 in a analysis report on Thursday, Might thirtieth. Wells Fargo & Firm boosted their goal value on shares of Phillips 66 from $176.00 to $182.00 and gave the inventory an “obese” score in a analysis report on Tuesday, September third. Piper Sandler decreased their goal value on shares of Phillips 66 from $170.00 to $151.00 and set an “obese” score for the corporate in a analysis report on Friday, June 14th. Lastly, Wolfe Analysis assumed protection on shares of Phillips 66 in a analysis report on Thursday, July 18th. They set a “peer carry out” score for the corporate. 5 funding analysts have rated the inventory with a maintain score and ten have assigned a purchase score to the corporate’s inventory. Primarily based on information from MarketBeat, the corporate presently has a median score of “Reasonable Purchase” and a consensus value goal of $157.85.
Get Our Newest Analysis Report on Phillips 66
Insider Shopping for and Promoting at Phillips 66
In different Phillips 66 information, CFO Kevin J. Mitchell bought 30,000 shares of the enterprise’s inventory in a transaction dated Thursday, August fifteenth. The shares had been bought at a median value of $139.01, for a complete worth of $4,170,300.00. Following the transaction, the chief monetary officer now immediately owns 81,937 shares within the firm, valued at $11,390,062.37. The transaction was disclosed in a submitting with the SEC, which may be accessed by means of this hyperlink. Company insiders personal 0.22% of the corporate’s inventory.
Phillips 66 Firm Profile
Phillips 66 operates as an power manufacturing and logistics firm in america, the UK, Germany, and internationally. It operates by means of 4 segments: Midstream, Chemical substances, 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 fuel liquids; supplies different fee-based processing companies; and gathers, processes, transports, and markets pure fuel.
See Additionally
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