Duncker Streett & Co. Inc. Has $245,000 Stake in Phillips 66 (NYSE:PSX)
Duncker Streett & Co. Inc. lowered its stake in Phillips 66 (NYSE:PSX) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 2,963 shares of the oil and gas company’s stock after selling 40 shares during the period. Duncker Streett & Co. Inc.’s holdings in Phillips 66 were worth $245,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. raised its stake in Phillips 66 by 5.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,616 shares of the oil and gas company’s stock valued at $366,000 after buying an additional 236 shares during the period. Prospera Financial Services Inc raised its stake in Phillips 66 by 33.5% in the first quarter. Prospera Financial Services Inc now owns 7,847 shares of the oil and gas company’s stock valued at $621,000 after buying an additional 1,970 shares during the period. Alpha Windward LLC raised its stake in Phillips 66 by 0.3% in the first quarter. Alpha Windward LLC now owns 3,035 shares of the oil and gas company’s stock valued at $240,000 after buying an additional 9 shares during the period. TNB Financial bought a new stake in Phillips 66 during the first quarter valued at approximately $286,000. Finally, Capstone Asset Management Co. raised its stake in Phillips 66 by 9.6% in the first quarter. Capstone Asset Management Co. now owns 178,119 shares of the oil and gas company’s stock valued at $14,111,000 after buying an additional 15,577 shares during the period. 69.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Phillips 66 (PSX) traded down 0.9097% during mid-day trading on Thursday, reaching $83.7214. The company’s stock had a trading volume of 677,300 shares. The company’s 50 day moving average price is $82.83 and its 200-day moving average price is $79.81. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $88.87. The company has a market capitalization of $42.82 billion, a price-to-earnings ratio of 25.0363 and a beta of 1.22.
Phillips 66 (NYSE:PSX) last issued its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $24.58 billion during the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.94 EPS. Analysts predict that Phillips 66 will post $4.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Wednesday, August 16th. Phillips 66’s dividend payout ratio (DPR) is 83.58%.
ILLEGAL ACTIVITY NOTICE: “Duncker Streett & Co. Inc. Has $245,000 Stake in Phillips 66 (NYSE:PSX)” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/10/duncker-streett-co-inc-has-245000-stake-in-phillips-66-nysepsx.html.
Several research firms recently commented on PSX. Barclays PLC reaffirmed an “equal weight” rating and set a $89.00 target price (up from $87.00) on shares of Phillips 66 in a report on Wednesday, August 2nd. Scotiabank set a $86.00 target price on Phillips 66 and gave the stock a “hold” rating in a report on Tuesday, August 1st. TheStreet raised Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, June 30th. Zacks Investment Research lowered Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $84.00 target price on shares of Phillips 66 in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $83.53.
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.
Want to see what other hedge funds are holding PSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Phillips 66 (NYSE:PSX).
Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.