Diversified Trust Co lifted its holdings in shares of Phillips 66 (NYSE: PSX – Get Rating) by 56.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,371 shares of the oil and gas company stock after acquiring an additional 4,841 shares during the period. Diversified Trust Co’s holdings in Phillips 66 were worth $ 1,155,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Phillips 66 during the 4th quarter worth approximately $ 276,446,000. Point72 Asset Management LP acquired a new stake in shares of Phillips 66 in the 4th quarter valued at approximately $ 84,311,000. Marshall Wace LLP lifted its holdings in shares of Phillips 66 by 948.6% in the 4th quarter. Marshall Wace LLP now owns 1,200,562 shares of the oil and gas company stock valued at $ 86,991,000 after buying an additional 1,086,074 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Phillips 66 by 1,102.9% in the 1st quarter. Pacer Advisors Inc. now owns 948,524 shares of the oil and gas company stock valued at $ 81,943,000 after buying an additional 869,670 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Phillips 66 by 101.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,366,000 shares of the oil and gas company stock valued at $ 98,980,000 after buying an additional 686,400 shares during the period. 64.28% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Greg C. Garland sold 146,700 shares of Phillips 66 stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $ 109.70, for a total value of $ 16,092,990.00. Following the completion of the transaction, the chief executive officer now directly owns 656,563 shares of the company stock, valued at approximately $ 72,024,961.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Paula Ann Johnson sold 44,700 shares of Phillips 66 stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $ 108.91, for a total transaction of $ 4,868,277.00. Following the completion of the transaction, the vice president now directly owns 102,489 shares of the company stock, valued at $ 11,162,076.99. The disclosure for this sale can be found here. Insiders sold a total of 297,700 shares of company stock valued at $ 32,327,782 in the last three months. Insiders own 0.74% of the company stock.
PSX opened at $ 90.51 on Tuesday. The company has a 50-day moving average of $ 94.38 and a 200-day moving average of $ 86.04. The company has a market capitalization of $ 43.54 billion, a P / E ratio of 15.77, a PEG ratio of 0.64 and a beta of 1.39. Phillips 66 has a 1-year low of $ 63.19 and a 1-year high of $ 111.28. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.87 and a current ratio of 1.13.
Phillips 66 (NYSE: PSX – Get Rating) last released its earnings results on Friday, April 29th. The oil and gas company reported $ 1.32 earnings per share for the quarter, topping the consensus estimate of $ 1.14 by $ 0.18. The company had revenue of $ 36.72 billion during the quarter, compared to the estimate consensus of $ 34.86 billion. Phillips 66 had a net margin of 1.97% and a return on equity of 17.07%. During the same quarter in the previous year, the firm earned ($ 1.16) EPS. As a group, sell-side analysts expect that Phillips 66 will post 12.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Monday, May 23rd were given a $ 0.97 dividend. The ex-dividend date was Friday, May 20th. This represents a $ 3.88 annualized dividend and a dividend yield of 4.29%. This is an increase from Phillips 66’s previous quarterly dividend of $ 0.92. Phillips 66’s payout ratio is presently 67.60%.
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Phillips 66 from $ 102.00 to $ 112.00 in a report on Tuesday, May 17th. Piper Sandler boosted their price target on Phillips 66 from $ 119.00 to $ 120.00 and gave the stock an “overweight” rating in a report on Monday, May 23rd. Wells Fargo & Company lifted their price objective on Phillips 66 from $ 114.00 to $ 127.00 and gave the company an “overweight” rating in a research report on Tuesday, June 14th. Citigroup initiated coverage on Phillips 66 in a research report on Tuesday, April 26th. They issued a “neutral” rating and a $ 89.00 objective price for the company. Finally, TheStreet raised Phillips 66 from a “c +” rating to a “b” rating in a research report on Wednesday, February 23rd. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $ 104.47.
Phillips 66 Company Profile: (Get Rating)
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 petroleum products to market; provides terminaling and storage services for crude oil and refined 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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