Phillips 66 (PSX) Position Maintained by Capital Advisors Inc. OK
Capital Advisors Inc. OK continued to hold its stake in Phillips 66 (NYSE:PSX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,017 shares of the oil and gas company’s stock at the close of the 2nd quarter. Capital Advisors Inc. OK’s holdings in Phillips 66 were worth $1,159,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Jacobi Capital Management LLC grew its holdings in Phillips 66 by 27.4% during the first quarter. Jacobi Capital Management LLC now owns 1,288 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 277 shares during the period. Motco increased its position in Phillips 66 by 4.0% during the second quarter. Motco now owns 1,309 shares of the oil and gas company’s stock worth $108,000 after buying an additional 50 shares during the last quarter. Westside Investment Management Inc. increased its position in Phillips 66 by 239.2% during the first quarter. Westside Investment Management Inc. now owns 1,418 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,000 shares during the last quarter. Farmers National Bank acquired a new position in Phillips 66 during the first quarter worth approximately $113,000. Finally, Meeder Asset Management Inc. acquired a new position in Phillips 66 during the second quarter worth approximately $116,000. 69.54% of the stock is currently owned by institutional investors.
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Shares of Phillips 66 (PSX) opened at 92.38 on Tuesday. The company has a 50-day moving average price of $85.94 and a 200 day moving average price of $81.44. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $92.67. The company has a market capitalization of $47.25 billion, a P/E ratio of 27.64 and a beta of 1.19.
Phillips 66 (NYSE:PSX) last released its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $24.58 billion during the quarter, compared to the consensus estimate of $25.14 billion. During the same period in the prior year, the firm earned $0.94 EPS. Equities research analysts anticipate that Phillips 66 will post $4.33 EPS for the current year.
In related news, VP Chukwuemeka A. Oyolu sold 1,151 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $89.08, for a total value of $102,531.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.
Several analysts have issued reports on the company. TheStreet lowered Phillips 66 from a “b-” rating to a “c” rating in a research note on Monday, June 5th. BidaskClub upgraded Phillips 66 from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Scotiabank reiterated a “hold” rating and set a $86.00 target price on shares of Phillips 66 in a research note on Tuesday, June 27th. Zacks Investment Research downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $84.00 target price on shares of Phillips 66 in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $87.11.
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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