Phillips 66 (NYSE:PSX) Stake Held by Broderick Brian C
Broderick Brian C continued to hold its position in shares of Phillips 66 (NYSE:PSX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,679 shares of the oil and gas company’s stock at the end of the second quarter. Broderick Brian C’s holdings in Phillips 66 were worth $387,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Macquarie Group Ltd. boosted its position in Phillips 66 by 60.9% in the fourth quarter. Macquarie Group Ltd. now owns 22,600 shares of the oil and gas company’s stock valued at $1,953,000 after buying an additional 8,550 shares during the period. Lawson Kroeker Investment Management Inc. NE boosted its position in Phillips 66 by 18.1% in the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 3,789 shares of the oil and gas company’s stock valued at $300,000 after buying an additional 582 shares during the period. Stock Yards Bank & Trust Co. boosted its position in Phillips 66 by 2.6% in the first quarter. Stock Yards Bank & Trust Co. now owns 14,405 shares of the oil and gas company’s stock valued at $1,142,000 after buying an additional 368 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its position in Phillips 66 by 9.0% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 56,400 shares of the oil and gas company’s stock valued at $4,468,000 after buying an additional 4,637 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in Phillips 66 by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 145,565 shares of the oil and gas company’s stock valued at $11,531,000 after buying an additional 1,725 shares during the period. Hedge funds and other institutional investors own 69.78% of the company’s stock.
Shares of Phillips 66 (PSX) traded up 0.018% during midday trading on Tuesday, reaching $85.085. The company had a trading volume of 680,273 shares. Phillips 66 has a 12-month low of $75.14 and a 12-month high of $88.87. The stock has a market capitalization of $43.52 billion, a PE ratio of 25.444 and a beta of 1.22. The stock’s 50 day moving average is $81.91 and its 200-day moving average is $79.67.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, topping the 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 quarter in the prior year, the company earned $0.94 earnings per share. On average, equities research analysts predict that Phillips 66 will post $4.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, August 16th. Phillips 66’s dividend payout ratio (DPR) is presently 83.58%.
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Several research firms have recently weighed in on PSX. 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 report on Wednesday, August 2nd. Scotiabank set a $86.00 price objective on Phillips 66 and gave the company a “hold” rating in a report on Tuesday, August 1st. TheStreet upgraded Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, June 30th. Zacks Investment Research cut Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $84.00 price objective on shares of Phillips 66 in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Phillips 66 has an average rating of “Hold” and a consensus price target 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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