Texas Yale Capital Corp. held its position in shares of Phillips 66 (NYSE:PSX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,556 shares of the oil and gas company’s stock at the end of the 2nd quarter. Texas Yale Capital Corp.’s holdings in Phillips 66 were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Guardian Life Insurance Co. of America grew its position in Phillips 66 by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,708 shares of the oil and gas company’s stock worth $135,000 after acquiring an additional 11 shares in the last quarter. Joel Isaacson & Co. LLC grew its position in Phillips 66 by 0.4% in the second quarter. Joel Isaacson & Co. LLC now owns 3,821 shares of the oil and gas company’s stock worth $316,000 after acquiring an additional 14 shares in the last quarter. Northwest Quadrant Wealth Management LLC grew its position in Phillips 66 by 0.6% in the first quarter. Northwest Quadrant Wealth Management LLC now owns 2,862 shares of the oil and gas company’s stock worth $228,000 after acquiring an additional 18 shares in the last quarter. CWM LLC grew its position in Phillips 66 by 0.6% in the second quarter. CWM LLC now owns 3,584 shares of the oil and gas company’s stock worth $296,000 after acquiring an additional 23 shares in the last quarter. Finally, Argent Trust Co grew its position in Phillips 66 by 0.8% in the first quarter. Argent Trust Co now owns 3,434 shares of the oil and gas company’s stock worth $272,000 after acquiring an additional 27 shares in the last quarter. 69.53% of the stock is owned by institutional investors.

Shares of Phillips 66 (NYSE:PSX) opened at 88.31 on Tuesday. Phillips 66 has a one year low of $75.14 and a one year high of $88.87. The company has a market capitalization of $45.17 billion, a P/E ratio of 26.42 and a beta of 1.20. The firm has a 50-day moving average of $84.27 and a 200-day moving average of $80.55.

Phillips 66 (NYSE:PSX) last issued its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.07. The business had revenue of $24.58 billion for the quarter, compared to the consensus estimate 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 company earned $0.94 earnings per share. Equities research analysts expect that Phillips 66 will post $4.20 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 3.17%. Phillips 66’s dividend payout ratio (DPR) is 83.58%.

Several analysts have commented on PSX shares. TheStreet downgraded shares of Phillips 66 from a “b-” rating to a “c” rating in a research report on Monday, June 5th. BidaskClub downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Scotiabank set a $86.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, US Capital Advisors reaffirmed a “buy” rating on shares of Phillips 66 in a report on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $83.93.

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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.

Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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