Osborn Rohs Williams & Donohoe Ltd Sells 226 Shares of Phillips 66 (PSX)
Osborn Rohs Williams & Donohoe Ltd reduced its stake in shares of Phillips 66 (NYSE:PSX) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,854 shares of the company’s stock after selling 226 shares during the period. Osborn Rohs Williams & Donohoe Ltd’s holdings in Phillips 66 were worth $1,760,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK boosted its stake in Phillips 66 by 1.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 269,229 shares of the company’s stock valued at $21,361,000 after buying an additional 3,289 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Phillips 66 by 9.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 732,963 shares of the company’s stock valued at $58,153,000 after buying an additional 65,973 shares in the last quarter. Bank of Montreal Can purchased a new stake in Phillips 66 during the second quarter valued at $31,281,000. Todd Asset Management LLC boosted its stake in Phillips 66 by 8.6% in the second quarter. Todd Asset Management LLC now owns 579,706 shares of the company’s stock valued at $45,994,000 after buying an additional 45,926 shares in the last quarter. Finally, Creative Planning boosted its stake in Phillips 66 by 1.4% in the third quarter. Creative Planning now owns 80,260 shares of the company’s stock valued at $6,465,000 after buying an additional 1,121 shares in the last quarter. Institutional investors and hedge funds own 68.27% of the company’s stock.
Shares of Phillips 66 (NYSE:PSX) traded down 2.02% during mid-day trading on Tuesday, hitting $82.39. 2,150,536 shares of the stock traded hands. The stock has a market cap of $42.91 billion, a price-to-earnings ratio of 21.57 and a beta of 1.35. The firm’s 50-day moving average is $81.36 and its 200-day moving average is $79.18. Phillips 66 has a 52 week low of $71.74 and a 52 week high of $93.00.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, October 28th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. Phillips 66 had a net margin of 2.43% and a return on equity of 8.86%. During the same quarter in the prior year, the company posted $3.02 earnings per share. On average, analysts forecast that Phillips 66 will post $3.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Tuesday, November 15th. Phillips 66’s dividend payout ratio is currently 66.14%.
Several equities research analysts recently weighed in on the stock. Jefferies Group set a $72.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a research report on Saturday, October 15th. Barclays PLC reaffirmed an “equal weight” rating and set a $84.00 price objective (down previously from $86.00) on shares of Phillips 66 in a research report on Monday, October 10th. Goldman Sachs Group Inc. raised shares of Phillips 66 from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $74.00 to $85.00 in a research report on Thursday, September 29th. Zacks Investment Research raised shares of Phillips 66 from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Finally, Vetr raised shares of Phillips 66 from a “buy” rating to a “strong-buy” rating and set a $94.28 price objective for the company in a research report on Tuesday, September 27th. Fourteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Phillips 66 has a consensus rating of “Hold” and a consensus target price of $86.12.
In other Phillips 66 news, President Timothy Garth Taylor sold 27,260 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $82.91, for a total value of $2,260,126.60. Following the completion of the sale, the president now directly owns 68,878 shares of the company’s stock, valued at $5,710,674.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Berkshire Hathaway Inc purchased 1,019,974 shares of the stock in a transaction on Wednesday, September 14th. The stock was acquired at an average cost of $77.21 per share, with a total value of $78,752,192.54. The disclosure for this purchase can be found here. Insiders own 0.05% of the company’s stock.
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 its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.
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