Phillips 66 (PSX) Shares Sold by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale decreased its position in Phillips 66 (NYSE:PSX) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,663 shares of the oil and gas company’s stock after selling 18,243 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Phillips 66 were worth $11,092,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Jacobi Capital Management LLC lifted its stake in Phillips 66 by 27.4% in the first quarter. Jacobi Capital Management LLC now owns 1,288 shares of the oil and gas company’s stock valued at $100,000 after purchasing an additional 277 shares during the last quarter. Winch Advisory Services LLC lifted its stake in 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 valued at $104,000 after purchasing an additional 1,292 shares during the last quarter. Westside Investment Management Inc. lifted its stake in 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 valued at $110,000 after purchasing an additional 1,000 shares during the last quarter. FTB Advisors Inc. lifted its stake in 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 valued at $113,000 after purchasing an additional 213 shares during the last quarter. Finally, Farmers National Bank purchased a new position in Phillips 66 in the first quarter valued at approximately $113,000. Institutional investors and hedge funds own 69.57% of the company’s stock.
PSX has been the topic of several recent research reports. TheStreet upgraded Phillips 66 from a “c” rating to a “b-” rating in a research report on Friday, June 30th. US Capital Advisors restated a “buy” rating on shares of Phillips 66 in a research report on Monday, May 22nd. Piper Jaffray Companies restated a “buy” rating and set a $84.00 target price on shares of Phillips 66 in a research report on Friday, July 14th. Barclays PLC restated an “equal weight” rating and set a $89.00 target price (up previously from $87.00) on shares of Phillips 66 in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC restated a “hold” rating and set a $78.00 target price on shares of Phillips 66 in a research report on Tuesday, September 5th. Two research 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 company has a consensus rating of “Hold” and a consensus target price of $83.93.
Shares of Phillips 66 (NYSE:PSX) opened at 86.35 on Thursday. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $88.87. The stock has a market cap of $44.17 billion, a P/E ratio of 25.84 and a beta of 1.20. The company has a 50 day moving average price of $83.92 and a 200-day moving average price of $80.31.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. The firm had revenue of $24.58 billion during the quarter, compared to the consensus estimate of $25.14 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. On average, equities research analysts predict that Phillips 66 will post $4.20 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Wednesday, August 16th. Phillips 66’s payout ratio is 83.58%.
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.
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