Phillips 66 (PSX) Position Maintained by Fiduciary Financial Services of The Southwest Inc. TX
Fiduciary Financial Services of The Southwest Inc. TX maintained its stake in Phillips 66 (NYSE:PSX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,078 shares of the oil and gas company’s stock at the close of the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Phillips 66 were worth $668,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its stake in shares of Phillips 66 by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,708 shares of the oil and gas company’s stock valued at $135,000 after purchasing an additional 11 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in shares of Phillips 66 by 0.4% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 3,821 shares of the oil and gas company’s stock valued at $316,000 after purchasing an additional 14 shares in the last quarter. Northwest Quadrant Wealth Management LLC boosted its stake in shares of Phillips 66 by 0.6% during the 1st quarter. Northwest Quadrant Wealth Management LLC now owns 2,862 shares of the oil and gas company’s stock valued at $228,000 after purchasing an additional 18 shares in the last quarter. CWM LLC boosted its stake in shares of Phillips 66 by 0.6% during the 2nd quarter. CWM LLC now owns 3,584 shares of the oil and gas company’s stock valued at $296,000 after purchasing an additional 23 shares in the last quarter. Finally, Argent Trust Co boosted its stake in shares of Phillips 66 by 0.8% during the 1st quarter. Argent Trust Co now owns 3,434 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 27 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the stock. Scotiabank reaffirmed a “hold” rating on shares of Phillips 66 in a research note on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 target price on shares of Phillips 66 in a research note on Tuesday, September 5th. BidaskClub lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Barclays PLC reaffirmed an “equal weight” rating and set a $89.00 target price (up previously from $87.00) on shares of Phillips 66 in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $84.00 target price on shares of Phillips 66 in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $83.93.
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Phillips 66 (NYSE:PSX) opened at 87.67 on Friday. 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 $44.84 billion, a PE ratio of 26.23 and a beta of 1.20. The firm has a 50-day moving average of $84.14 and a 200 day moving average of $80.45.
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 the Thomson Reuters’ consensus estimate of $1.02 by $0.07. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. The company had revenue of $24.58 billion for the quarter, compared to analysts’ expectations of $25.14 billion. During the same period in the prior year, the business earned $0.94 EPS. On average, equities research analysts anticipate that Phillips 66 will post $4.20 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Wednesday, August 16th. Phillips 66’s dividend payout ratio is currently 83.58%.
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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