Dimensional Fund Advisors LP Has $338.37 Million Stake in Phillips 66 (NYSE:PSX)
Dimensional Fund Advisors LP decreased its position in Phillips 66 (NYSE:PSX) by 12.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,271,498 shares of the oil and gas company’s stock after selling 615,404 shares during the period. Dimensional Fund Advisors LP’s holdings in Phillips 66 were worth $338,369,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Winch Advisory Services LLC boosted its stake in shares of Phillips 66 by 5,872.7% in the first quarter. Winch Advisory Services LLC now owns 1,314 shares of the oil and gas company’s stock worth $104,000 after buying an additional 1,292 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of Phillips 66 by 239.2% in the first quarter. Westside Investment Management Inc. now owns 1,418 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,000 shares in the last quarter. FTB Advisors Inc. boosted its stake in shares of Phillips 66 by 17.3% in the first quarter. FTB Advisors Inc. now owns 1,444 shares of the oil and gas company’s stock worth $113,000 after buying an additional 213 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Phillips 66 by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,708 shares of the oil and gas company’s stock worth $135,000 after buying an additional 11 shares in the last quarter. Finally, Barrett Asset Management LLC boosted its stake in shares of Phillips 66 by 2.9% in the first quarter. Barrett Asset Management LLC now owns 1,762 shares of the oil and gas company’s stock worth $140,000 after buying an additional 50 shares in the last quarter. Institutional investors own 69.19% of the company’s stock.
Phillips 66 (NYSE PSX) traded down 0.06% on Friday, hitting $85.60. The company had a trading volume of 2,087,492 shares. The stock has a 50 day moving average of $81.91 and a 200-day moving average of $79.67. Phillips 66 has a one year low of $75.14 and a one year high of $88.87. The stock has a market capitalization of $43.79 billion, a PE ratio of 25.60 and a beta of 1.22.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.07. The business had revenue of $24.58 billion for the quarter, compared to analyst estimates of $25.14 billion. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. During the same period last year, the company posted $0.94 earnings per share. Equities analysts anticipate that Phillips 66 will post $4.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a dividend yield of 3.27%. Phillips 66’s payout ratio is presently 83.58%.
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A number of equities research analysts have recently issued reports on PSX shares. TheStreet upgraded Phillips 66 from a “c” rating to a “b-” rating in a research note on Friday, April 28th. US Capital Advisors reiterated a “buy” rating on shares of Phillips 66 in a research note on Monday, May 22nd. Piper Jaffray Companies reiterated a “buy” rating and set a $84.00 price objective on shares of Phillips 66 in a research note on Friday, July 14th. Barclays PLC reiterated an “equal weight” rating and set a $89.00 price objective (up previously from $87.00) on shares of Phillips 66 in a research note on Wednesday. Finally, Scotiabank reiterated a “hold” rating and set a $86.00 price objective on shares of Phillips 66 in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Phillips 66 has an average rating of “Hold” and a consensus target price of $83.53.
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 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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