Timber Hill LLC Has $3.27 Million Stake in Phillips 66 (PSX)
Timber Hill LLC increased its stake in shares of Phillips 66 (NYSE:PSX) by 709.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 32,365 shares of the oil and gas company’s stock after buying an additional 28,365 shares during the period. Timber Hill LLC’s holdings in Phillips 66 were worth $3,274,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Baird Financial Group Inc. boosted its position in shares of Phillips 66 by 2.6% during the 4th quarter. Baird Financial Group Inc. now owns 62,078 shares of the oil and gas company’s stock worth $6,279,000 after purchasing an additional 1,593 shares during the period. Smith Moore & CO. boosted its position in shares of Phillips 66 by 10.0% during the 4th quarter. Smith Moore & CO. now owns 9,509 shares of the oil and gas company’s stock worth $962,000 after purchasing an additional 863 shares during the period. Citizens Financial Group Inc RI boosted its position in shares of Phillips 66 by 19.8% during the 4th quarter. Citizens Financial Group Inc RI now owns 7,083 shares of the oil and gas company’s stock worth $716,000 after purchasing an additional 1,169 shares during the period. Norinchukin Bank The boosted its position in shares of Phillips 66 by 7.3% during the 4th quarter. Norinchukin Bank The now owns 34,843 shares of the oil and gas company’s stock worth $3,524,000 after purchasing an additional 2,372 shares during the period. Finally, FDx Advisors Inc. boosted its position in Phillips 66 by 4.7% in the 4th quarter. FDx Advisors Inc. now owns 23,299 shares of the oil and gas company’s stock valued at $2,357,000 after buying an additional 1,043 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.
Shares of Phillips 66 (PSX) opened at $91.94 on Tuesday. Phillips 66 has a fifty-two week low of $75.14 and a fifty-two week high of $107.47. The firm has a market cap of $46,620.00, a price-to-earnings ratio of 23.13, a PEG ratio of 1.50 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.31 and a quick ratio of 0.86.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Friday, February 16th. Phillips 66’s dividend payout ratio is currently 70.53%.
Several equities analysts have commented on the stock. Morgan Stanley reissued an “equal weight” rating on shares of Phillips 66 in a research report on Thursday, January 11th. Credit Suisse Group assumed coverage on shares of Phillips 66 in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $108.00 price target for the company. Barclays reissued a “sell” rating and issued a $111.00 price target on shares of Phillips 66 in a research report on Wednesday, January 10th. Piper Jaffray Companies set a $93.00 price target on shares of Phillips 66 and gave the company a “buy” rating in a research report on Monday, November 13th. Finally, Vetr raised 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 report on Monday, November 27th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $103.89.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of Phillips 66 stock in a transaction dated 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 transaction, the vice president now owns 2,700 shares in the company, valued at $270,675. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.
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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