Svenska Handelsbanken AB publ Purchases Shares of 200 Phillips 66 (PSX)
Svenska Handelsbanken AB publ purchased a new position in Phillips 66 (NYSE:PSX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 200 shares of the company’s stock, valued at approximately $1,190,000.
Several other hedge funds and other institutional investors have also bought and sold shares of PSX. Delphi Private Advisors LLC increased its position in Phillips 66 by 1.0% in the second quarter. Delphi Private Advisors LLC now owns 1,781 shares of the company’s stock worth $141,000 after buying an additional 18 shares during the last quarter. Farmers National Bank acquired a new position in Phillips 66 during the second quarter worth about $141,000. Ledyard National Bank increased its position in Phillips 66 by 12.0% in the third quarter. Ledyard National Bank now owns 1,871 shares of the company’s stock worth $151,000 after buying an additional 200 shares during the last quarter. Quadrant Capital Group LLC increased its position in Phillips 66 by 1.2% in the third quarter. Quadrant Capital Group LLC now owns 1,996 shares of the company’s stock worth $153,000 after buying an additional 23 shares during the last quarter. Finally, Financial Architects Inc increased its position in Phillips 66 by 417.0% in the second quarter. Financial Architects Inc now owns 2,011 shares of the company’s stock worth $160,000 after buying an additional 1,622 shares during the last quarter. Institutional investors own 68.17% of the company’s stock.
Shares of Phillips 66 (NYSE:PSX) traded down 1.24% during trading on Friday, hitting $83.29. 2,242,888 shares of the stock traded hands. Phillips 66 has a 1-year low of $71.74 and a 1-year high of $90.87. The company has a 50 day moving average of $86.05 and a 200-day moving average of $80.65. The company has a market cap of $43.38 billion, a PE ratio of 21.81 and a beta of 1.34.
Phillips 66 (NYSE:PSX) last released its earnings results on Friday, October 28th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. Phillips 66 had a return on equity of 8.86% and a net margin of 2.43%. During the same period last year, the business earned $3.02 EPS. On average, equities analysts anticipate that Phillips 66 will post $3.22 EPS for the current fiscal year.
A number of research analysts have recently issued reports on PSX shares. Vetr downgraded shares of Phillips 66 from a “strong-buy” rating to a “buy” rating and set a $87.77 price target on the stock. in a research report on Monday, September 19th. Barclays PLC restated an “equal weight” rating and issued a $84.00 price target (down from $86.00) on shares of Phillips 66 in a research report on Monday, October 10th. Zacks Investment Research upgraded shares of Phillips 66 from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. TheStreet downgraded shares of Phillips 66 to a “hold” rating in a research report on Thursday. Finally, RBC Capital Markets reiterated a “hold” rating and issued a $88.00 price objective on shares of Phillips 66 in a research report on Thursday, January 5th. Sixteen equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $84.97.
In other news, VP Lawrence Michael Ziemba sold 72,630 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $80.20, for a total transaction of $5,824,926.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Chukwuemeka A. Oyolu sold 3,574 shares of the firm’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $88.12, for a total value of $314,940.88. The disclosure for this sale can be found here. 0.05% of the stock is owned by company insiders.
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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