Phillips 66 (PSX) Shares Bought by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC increased its stake in Phillips 66 (NYSE:PSX) by 2.3% in the 4th quarter, HoldingsChannel reports. The fund owned 231,837 shares of the oil and gas company’s stock after purchasing an additional 5,284 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Phillips 66 were worth $23,450,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Hudock Capital Group LLC increased its stake in shares of Phillips 66 by 0.6% in the 2nd quarter. Hudock Capital Group LLC now owns 2,509 shares of the oil and gas company’s stock valued at $207,000 after acquiring an additional 16 shares in the last quarter. Good Life Advisors LLC increased its stake in shares of Phillips 66 by 0.3% in the 2nd quarter. Good Life Advisors LLC now owns 6,198 shares of the oil and gas company’s stock valued at $511,000 after acquiring an additional 17 shares in the last quarter. Girard Partners LTD. increased its stake in shares of Phillips 66 by 0.7% in the 2nd quarter. Girard Partners LTD. now owns 3,275 shares of the oil and gas company’s stock valued at $271,000 after acquiring an additional 23 shares in the last quarter. MAI Capital Management increased its stake in shares of Phillips 66 by 0.7% in the 2nd quarter. MAI Capital Management now owns 5,760 shares of the oil and gas company’s stock valued at $476,000 after acquiring an additional 40 shares in the last quarter. Finally, Motco increased its stake in shares of Phillips 66 by 4.0% in the 2nd quarter. Motco now owns 1,309 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 70.12% of the company’s stock.
Shares of Phillips 66 (NYSE:PSX) traded up $0.29 during mid-day trading on Friday, reaching $102.37. 1,358,600 shares of the company’s stock were exchanged, compared to its average volume of 1,318,375. The company has a market cap of $53,180.00, a price-to-earnings ratio of 25.79, a PEG ratio of 1.62 and a beta of 1.24. The company has a quick ratio of 0.86, a current ratio of 1.31 and a debt-to-equity ratio of 0.40. Phillips 66 has a fifty-two week low of $75.14 and a fifty-two week high of $102.80.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.04. The business had revenue of $26.21 billion during the quarter, compared to analyst estimates of $29.94 billion. Phillips 66 had a net margin of 2.11% and a return on equity of 7.58%. During the same quarter in the previous year, the business posted $1.05 EPS. research analysts anticipate that Phillips 66 will post 4.5 EPS for the current year.
Phillips 66 declared that its board has initiated a share buyback program on Monday, October 9th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several research firms have recently weighed in on PSX. Barclays set a $95.00 price objective on shares of Phillips 66 and gave the company an “equal weight” rating in a research note on Tuesday, October 10th. Scotiabank reiterated a “buy” rating and issued a $112.00 price objective on shares of Phillips 66 in a research note on Wednesday. Morgan Stanley reiterated an “equal weight” rating on shares of Phillips 66 in a research note on Thursday. Vetr upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price objective for the company in a research note on Monday, October 16th. Finally, Cowen reiterated a “buy” rating and issued a $101.00 price objective on shares of Phillips 66 in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $96.66.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $100.25, for a total transaction of $270,675.00. Following the completion of the sale, the vice president now owns 2,700 shares in the company, valued at approximately $270,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.
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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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