Quadrant Capital Group LLC lifted its position in shares of Phillips 66 (NYSE:PSX) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,249 shares of the oil and gas company’s stock after acquiring an additional 180 shares during the quarter. Quadrant Capital Group LLC’s holdings in Phillips 66 were worth $177,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Moody National Bank Trust Division lifted its stake in Phillips 66 by 425.4% in the 4th quarter. Moody National Bank Trust Division now owns 352 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 285 shares in the last quarter. Legacy Financial Advisors Inc. lifted its stake in Phillips 66 by 32.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 597 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 146 shares in the last quarter. IMS Capital Management purchased a new position in Phillips 66 in the 3rd quarter worth approximately $86,000. Capital Advisors Ltd. LLC lifted its stake in Phillips 66 by 152.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 944 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 570 shares in the last quarter. Finally, Willingdon Wealth Management purchased a new position in Phillips 66 in the 3rd quarter worth approximately $139,000. 69.45% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director J Brian Ferguson purchased 21,500 shares of the company’s stock in a transaction dated Tuesday, November 20th. The shares were acquired at an average cost of $92.31 per share, for a total transaction of $1,984,665.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.
Shares of NYSE:PSX traded up $1.78 during trading on Friday, hitting $93.52. The company’s stock had a trading volume of 4,247,880 shares, compared to its average volume of 2,816,947. The company has a market cap of $43.12 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 1.28 and a beta of 0.94. Phillips 66 has a fifty-two week low of $78.44 and a fifty-two week high of $123.97. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.43.
Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, February 8th. The oil and gas company reported $4.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $2.11. Phillips 66 had a net margin of 5.72% and a return on equity of 14.97%. The business had revenue of $29.84 billion during the quarter, compared to analysts’ expectations of $35.51 billion. During the same period in the previous year, the company earned $1.07 EPS. On average, analysts expect that Phillips 66 will post 8.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Tuesday, February 19th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, February 15th. This represents a $3.20 dividend on an annualized basis and a yield of 3.42%. Phillips 66’s dividend payout ratio is presently 27.33%.
A number of research analysts have weighed in on PSX shares. Zacks Investment Research lowered shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. Tudor Pickering raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Co raised their price target on shares of Phillips 66 from $137.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, October 29th. Piper Jaffray Companies restated an “overweight” rating on shares of Phillips 66 in a report on Thursday, January 10th. Finally, Raymond James cut their price target on shares of Phillips 66 from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, December 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Phillips 66 currently has an average rating of “Hold” and an average price target of $123.62.
About Phillips 66
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, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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