Everence Capital Management Inc. trimmed its position in shares of Phillips 66 (NYSE:PSX) by 43.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,270 shares of the oil and gas company’s stock after selling 8,810 shares during the period. Everence Capital Management Inc.’s holdings in Phillips 66 were worth $1,140,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Phillips 66 by 37.1% during the second quarter. FMR LLC now owns 7,520,743 shares of the oil and gas company’s stock worth $621,890,000 after purchasing an additional 2,036,258 shares during the last quarter. Vaughan David Investments Inc. IL grew its holdings in shares of Phillips 66 by 5,820.5% during the third quarter. Vaughan David Investments Inc. IL now owns 468,782 shares of the oil and gas company’s stock worth $21,395,000 after purchasing an additional 460,864 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Phillips 66 by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 6,838,096 shares of the oil and gas company’s stock worth $626,438,000 after purchasing an additional 422,652 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Phillips 66 by 29.8% during the second quarter. Parametric Portfolio Associates LLC now owns 1,459,200 shares of the oil and gas company’s stock worth $120,661,000 after purchasing an additional 334,915 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Phillips 66 by 94.5% during the fourth quarter. Acadian Asset Management LLC now owns 668,397 shares of the oil and gas company’s stock worth $67,606,000 after purchasing an additional 324,680 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.
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 value of $270,675.00. Following the transaction, 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 this link. Insiders own 0.50% of the company’s stock.
Phillips 66 (NYSE PSX) traded up $0.69 during mid-day trading on Monday, reaching $92.52. 3,391,106 shares of the company’s stock traded hands, compared to its average volume of 2,470,000. Phillips 66 has a 12-month low of $75.14 and a 12-month high of $107.47. The stock has a market cap of $46,880.00, a PE ratio of 23.30, a P/E/G 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.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.21. Phillips 66 had a net margin of 4.88% and a return on equity of 9.52%. The company had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $30.71 billion. During the same period in the previous year, the company earned $0.16 EPS. equities analysts anticipate that Phillips 66 will post 7.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 3.03%. Phillips 66’s dividend payout ratio is currently 70.53%.
A number of research firms recently issued reports on PSX. UBS Group raised their price objective on shares of Phillips 66 from $85.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, November 15th. Vetr downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 price target for the company. in a research report on Thursday, November 2nd. Goldman Sachs Group upgraded shares of Phillips 66 to a “buy” rating in a research report on Monday, December 18th. Royal Bank of Canada reiterated a “hold” rating and set a $102.00 price target on shares of Phillips 66 in a research report on Wednesday, December 20th. Finally, Cowen reiterated an “outperform” rating and set a $137.00 price target (up from $125.00) on shares of Phillips 66 in a research report on Wednesday, February 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Phillips 66 presently has an average rating of “Hold” and a consensus price target of $103.89.
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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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