Chilton Investment Co. LLC Acquires 18,620 Shares of Phillips 66 (PSX)
Chilton Investment Co. LLC boosted its holdings in shares of Phillips 66 (NYSE:PSX) by 71.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,627 shares of the oil and gas company’s stock after acquiring an additional 18,620 shares during the period. Chilton Investment Co. LLC’s holdings in Phillips 66 were worth $4,514,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC increased its stake in Phillips 66 by 37.1% during the 2nd quarter. FMR LLC now owns 7,520,743 shares of the oil and gas company’s stock valued at $621,890,000 after purchasing an additional 2,036,258 shares in the last quarter. Vaughan David Investments Inc. IL increased its stake in Phillips 66 by 5,820.5% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 468,782 shares of the oil and gas company’s stock valued at $21,395,000 after purchasing an additional 460,864 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Phillips 66 by 6.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,838,096 shares of the oil and gas company’s stock valued at $626,438,000 after purchasing an additional 422,652 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Phillips 66 by 29.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,459,200 shares of the oil and gas company’s stock valued at $120,661,000 after purchasing an additional 334,915 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Phillips 66 by 94.5% during the 4th quarter. Acadian Asset Management LLC now owns 668,397 shares of the oil and gas company’s stock valued at $67,606,000 after purchasing an additional 324,680 shares in the last quarter. 70.17% of the stock is owned by institutional investors.
Shares of Phillips 66 (PSX) opened at $92.44 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The stock has a market cap of $46,840.00, a P/E ratio of 23.28, a P/E/G ratio of 1.60 and a beta of 1.11. Phillips 66 has a 12-month low of $75.14 and a 12-month high of $107.47.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 16th. This represents a $2.80 annualized dividend and a yield of 3.03%. Phillips 66’s dividend payout ratio (DPR) is 70.53%.
A number of analysts have weighed in on the stock. Morgan Stanley restated an “equal weight” rating on shares of Phillips 66 in a research note on Thursday, January 11th. Credit Suisse Group began coverage on shares of Phillips 66 in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $108.00 price target for the company. Barclays reiterated a “sell” rating and issued a $111.00 price target on shares of Phillips 66 in a research note on Wednesday, January 10th. Piper Jaffray Companies set a $93.00 price target on shares of Phillips 66 and gave the stock a “buy” rating in a research note on Monday, November 13th. Finally, Vetr upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price target for the company in a research note on Monday, November 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Phillips 66 has a consensus rating of “Hold” and a consensus price target of $101.64.
In related news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the business’s stock in a transaction that occurred 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 directly owns 2,700 shares in the company, valued at $270,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company’s stock.
Phillips 66 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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