Phillips 66 (PSX) Stake Held by Burke & Herbert Bank & Trust Co.
Burke & Herbert Bank & Trust Co. held its position in Phillips 66 (NYSE:PSX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,640 shares of the oil and gas company’s stock at the end of the second quarter. Burke & Herbert Bank & Trust Co.’s holdings in Phillips 66 were worth $301,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Phillips 66 by 2,329.3% in the first quarter. BlackRock Inc. now owns 27,821,897 shares of the oil and gas company’s stock valued at $2,204,052,000 after buying an additional 26,676,647 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of Phillips 66 by 599.8% in the first quarter. OppenheimerFunds Inc. now owns 4,600,748 shares of the oil and gas company’s stock valued at $364,472,000 after buying an additional 3,943,299 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Phillips 66 by 4,771.9% in the first quarter. Clearbridge Investments LLC now owns 1,426,192 shares of the oil and gas company’s stock valued at $112,983,000 after buying an additional 1,396,918 shares in the last quarter. New England Asset Management Inc. acquired a new stake in shares of Phillips 66 during the first quarter valued at about $104,095,000. Finally, State Street Corp increased its stake in shares of Phillips 66 by 4.0% in the first quarter. State Street Corp now owns 24,085,903 shares of the oil and gas company’s stock valued at $1,908,079,000 after buying an additional 921,895 shares in the last quarter. Institutional investors own 69.56% of the company’s stock.
Phillips 66 (NYSE PSX) traded down 0.10% during midday trading on Tuesday, reaching $83.57. The company had a trading volume of 408,909 shares. The stock’s 50 day moving average price is $83.34 and its 200-day moving average price is $79.89. The firm has a market capitalization of $42.75 billion, a P/E ratio of 24.99 and a beta of 1.22. Phillips 66 has a one year low of $75.14 and a one year high of $88.87.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. The company had revenue of $24.58 billion for the quarter, compared to analyst estimates of $25.14 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. On average, equities research analysts anticipate that Phillips 66 will post $4.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, August 16th. Phillips 66’s dividend payout ratio (DPR) is currently 83.58%.
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Several equities research analysts have recently issued reports on PSX shares. US Capital Advisors reaffirmed a “buy” rating on shares of Phillips 66 in a research report on Monday, May 22nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $84.00 price target on shares of Phillips 66 in a research report on Friday, July 14th. Zacks Investment Research downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. TheStreet raised Phillips 66 from a “c” rating to a “b-” rating in a research report on Friday, June 30th. Finally, Scotiabank set a $86.00 price target on Phillips 66 and gave the company a “hold” rating in a research report on Monday, May 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.53.
About Phillips 66
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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