Trust Co. of Vermont Has $261,000 Stake in Phillips 66 (PSX)
Trust Co. of Vermont raised its stake in Phillips 66 (NYSE:PSX) by 16.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,149 shares of the oil and gas company’s stock after buying an additional 449 shares during the period. Trust Co. of Vermont’s holdings in Phillips 66 were worth $261,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Phillips 66 by 2.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 12,502 shares of the oil and gas company’s stock valued at $926,000 after buying an additional 329 shares in the last quarter. Waldron LP boosted its stake in shares of Phillips 66 by 14.5% in the first quarter. Waldron LP now owns 3,151 shares of the oil and gas company’s stock worth $251,000 after buying an additional 399 shares during the period. First Manhattan Co. boosted its stake in shares of Phillips 66 by 8.9% in the first quarter. First Manhattan Co. now owns 18,087 shares of the oil and gas company’s stock worth $1,456,000 after buying an additional 1,484 shares during the period. Rehmann Capital Advisory Group boosted its stake in shares of Phillips 66 by 1.5% in the first quarter. Rehmann Capital Advisory Group now owns 2,567 shares of the oil and gas company’s stock worth $203,000 after buying an additional 37 shares during the period. Finally, IFC Holdings Incorporated FL boosted its stake in shares of Phillips 66 by 2.5% in the first quarter. IFC Holdings Incorporated FL now owns 13,070 shares of the oil and gas company’s stock worth $1,032,000 after buying an additional 317 shares during the period. 69.56% of the stock is currently owned by institutional investors.
Phillips 66 (NYSE PSX) traded down 0.02% on Wednesday, hitting $83.48. 744,408 shares of the stock were exchanged. The stock has a market cap of $42.70 billion, a price-to-earnings ratio of 24.96 and a beta of 1.22. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $88.87. The company has a 50-day moving average of $83.34 and a 200-day moving average of $79.89.
Phillips 66 (NYSE:PSX) last posted its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.07. The firm had revenue of $24.58 billion during the quarter, compared to analyst estimates of $25.14 billion. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. During the same period in the previous year, the firm earned $0.94 EPS. On average, equities analysts predict that Phillips 66 will post $4.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 3.35%. Phillips 66’s dividend payout ratio (DPR) is presently 83.58%.
Several brokerages have recently weighed in on PSX. Piper Jaffray Companies reiterated an “overweight” rating and set a $88.00 price objective on shares of Phillips 66 in a report on Thursday, May 25th. Zacks Investment Research lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet upgraded shares of Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, June 30th. US Capital Advisors reiterated a “buy” rating on shares of Phillips 66 in a report on Monday, May 22nd. Finally, Scotiabank set a $86.00 price objective on shares of Phillips 66 and gave the company a “hold” rating in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $83.53.
Phillips 66 Company Profile
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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