AMP Capital Investors Ltd lessened its stake in Phillips 66 (NYSE:PSX) by 12.9% in the 4th quarter, Holdings Channel reports. The firm owned 136,467 shares of the oil and gas company’s stock after selling 20,220 shares during the quarter. AMP Capital Investors Ltd’s holdings in Phillips 66 were worth $13,804,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Phillips 66 by 0.4% in the 4th quarter. BlackRock Inc. now owns 27,591,121 shares of the oil and gas company’s stock worth $2,790,841,000 after buying an additional 119,373 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Phillips 66 by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 7,098,574 shares of the oil and gas company’s stock worth $718,021,000 after buying an additional 260,478 shares in the last quarter. Geode Capital Management LLC increased its holdings in Phillips 66 by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 4,266,192 shares of the oil and gas company’s stock worth $430,564,000 after buying an additional 114,191 shares in the last quarter. Aristotle Capital Management LLC increased its holdings in Phillips 66 by 3.1% in the 4th quarter. Aristotle Capital Management LLC now owns 3,592,122 shares of the oil and gas company’s stock worth $363,343,000 after buying an additional 109,297 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Phillips 66 by 1.2% in the 3rd quarter. Legal & General Group Plc now owns 2,769,247 shares of the oil and gas company’s stock worth $253,691,000 after buying an additional 33,298 shares in the last quarter. 77.87% of the stock is owned by hedge funds and other institutional investors.
PSX has been the subject of several research analyst reports. UBS Group lifted their price objective on Phillips 66 from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, November 15th. Goldman Sachs Group upgraded Phillips 66 to a “buy” rating in a report on Monday, December 18th. Credit Suisse Group reiterated a “neutral” rating and issued a $110.00 price objective on shares of Phillips 66 in a report on Wednesday, March 7th. Vetr upgraded Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price objective for the company in a report on Monday, November 13th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $102.00 price objective on shares of Phillips 66 in a report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Phillips 66 currently has a consensus rating of “Hold” and a consensus price target of $104.02.
Shares of Phillips 66 (NYSE:PSX) opened at $94.99 on Tuesday. The stock has a market capitalization of $47,610.00, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. Phillips 66 has a 52 week low of $75.14 and a 52 week high of $107.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.42.
Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.21. The business had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $30.71 billion. Phillips 66 had a return on equity of 9.18% and a net margin of 4.88%. During the same period in the previous year, the company posted $0.16 EPS. equities research analysts anticipate that Phillips 66 will post 7.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.95%. Phillips 66’s dividend payout ratio is currently 61.00%.
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About Phillips 66
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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