Phillips 66 (PSX) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. lifted its position in Phillips 66 (NYSE:PSX) by 8.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,221 shares of the oil and gas company’s stock after purchasing an additional 783 shares during the quarter. Pacer Advisors Inc.’s holdings in Phillips 66 were worth $845,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its holdings in shares of 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 purchasing an additional 11 shares during the period. Joel Isaacson & Co. LLC increased its holdings in shares of 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 purchasing an additional 14 shares during the period. Northwest Quadrant Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 18 shares during the period. CWM LLC increased its holdings in shares of 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 purchasing an additional 23 shares during the period. Finally, Argent Trust Co increased its holdings in shares of 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 purchasing an additional 27 shares during the period. 69.53% of the stock is currently owned by hedge funds and other institutional investors.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 1,151 shares of Phillips 66 stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $89.08, for a total value of $102,531.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.
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Phillips 66 (PSX) opened at 91.80 on Thursday. The company has a 50-day moving average of $84.43 and a 200 day moving average of $80.63. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $92.08. The stock has a market capitalization of $46.96 billion, a price-to-earnings ratio of 27.47 and a beta of 1.20.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The company 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 firm posted $0.94 EPS. On average, equities research analysts anticipate that Phillips 66 will post $4.31 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were issued a $0.70 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 3.05%. Phillips 66’s dividend payout ratio is currently 83.58%.
PSX has been the topic of several research analyst reports. TheStreet raised shares of Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, June 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $98.00 price target on shares of Phillips 66 in a report on Tuesday. Barclays PLC reaffirmed an “equal weight” rating and issued a $89.00 price target (up previously from $87.00) on shares of Phillips 66 in a report on Wednesday, August 2nd. Jefferies Group LLC set a $74.00 price target on shares of Phillips 66 and gave the stock a “hold” rating in a report on Saturday, June 3rd. Finally, Scotiabank reaffirmed a “hold” rating and issued a $86.00 price target on shares of Phillips 66 in a report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $84.33.
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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