Virtu Financial LLC acquired a new stake in Phillips 66 (NYSE:PSX) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,235 shares of the oil and gas company’s stock, valued at approximately $434,000.
Other hedge funds also recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new stake in shares of Phillips 66 in the 2nd quarter valued at approximately $25,000. Atwater Malick LLC bought a new stake in Phillips 66 during the 3rd quarter worth approximately $27,000. TRUE Private Wealth Advisors bought a new stake in Phillips 66 during the 2nd quarter worth approximately $26,000. Rational Advisors LLC grew its position in Phillips 66 by 41.1% during the 3rd quarter. Rational Advisors LLC now owns 374 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 109 shares during the last quarter. Finally, Coastal Capital Group Inc. bought a new stake in Phillips 66 during the 2nd quarter worth approximately $37,000. Institutional investors own 68.42% of the company’s stock.
A number of equities research analysts recently commented on PSX shares. Cowen increased their price target on Phillips 66 from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Zacks Investment Research lowered Phillips 66 from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, October 29th. Raymond James increased their price target on Phillips 66 from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Wells Fargo & Co increased their price target on Phillips 66 from $130.00 to $132.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Finally, Morgan Stanley increased their price target on Phillips 66 from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $119.80.
Shares of PSX opened at $114.33 on Tuesday. The firm has a market capitalization of $51.18 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 2.01 and a beta of 1.11. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.29. The business’s fifty day moving average price is $114.91 and its two-hundred day moving average price is $100.68. Phillips 66 has a 52 week low of $78.44 and a 52 week high of $119.92.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, October 25th. The oil and gas company reported $3.11 EPS for the quarter, beating the Zacks’ consensus estimate of $2.60 by $0.51. The firm had revenue of $27.77 billion for the quarter, compared to analyst estimates of $28.31 billion. Phillips 66 had a return on equity of 19.31% and a net margin of 4.17%. During the same period last year, the company earned $3.10 EPS. As a group, research analysts forecast that Phillips 66 will post 8.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a $0.90 dividend. The ex-dividend date was Friday, November 15th. This represents a $3.60 dividend on an annualized basis and a yield of 3.15%. Phillips 66’s payout ratio is 30.74%.
In other Phillips 66 news, EVP Robert A. Herman sold 47,433 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $103.17, for a total value of $4,893,662.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Chukwuemeka A. Oyolu sold 464 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $119.53, for a total value of $55,461.92. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.
Phillips 66 Company Profile
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined products to market; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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