Various different mbadive buyers have additionally added to or lowered their stakes within the firm. Emerald Acquisition Ltd. acquired a brand new stake in Phillips 66 through the second quarter valued at roughly $64,384,000. Neuberger Berman Group LLC boosted its stake in Phillips 66 by 352.eight% within the second quarter. Neuberger Berman Group LLC now owns 899,533 shares of the corporate’s inventory valued at $71,369,000 after shopping for a further 700,856 shares within the final quarter. Janus Capital Management LLC boosted its stake in Phillips 66 by 31.zero% within the second quarter. Janus Capital Management LLC now owns 2,776,312 shares of the corporate’s inventory valued at $220,271,000 after shopping for a further 656,896 shares within the final quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Phillips 66 by three.three% within the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,562,698 shares of the corporate’s inventory valued at $1,155,404,000 after shopping for a further 459,964 shares within the final quarter. Finally, BlackRock Fund Advisors boosted its stake in Phillips 66 by 6.9% within the second quarter. BlackRock Fund Advisors now owns 7,109,567 shares of the corporate’s inventory valued at $564,073,000 after shopping for a further 457,220 shares within the final quarter. 69.64% of the inventory is owned by institutional buyers and hedge funds.
Staley Capital Advisers Inc. maintained its stake in Phillips 66 (NYSE:PSX) through the third quarter, in accordance with its most up-to-date 13F submitting with the Securities and Exchange Commission. The agency owned three,500 shares of the corporate’s inventory on the finish of the third quarter. Staley Capital Advisers Inc.’s holdings in Phillips 66 had been value $282,000 as of its most up-to-date submitting with the SEC.
Shares of Phillips 66 (NYSE:PSX) opened at 83.70 on Wednesday. Phillips 66 has a 52 week low of $71.74 and a 52 week excessive of $94.06. The firm has a market capitalization of $43.60 billion, a price-to-earnings ratio of 21.92 and a beta of 1.35. The agency has a 50 day shifting common value of $80.23 and a 200 day shifting common value of $79.06.
Phillips 66 (NYSE:PSX) final posted its quarterly earnings outcomes on Friday, October 28th. The firm reported $1.05 earnings per share for the quarter, topping the consensus estimate of $zero.88 by $zero.17. Phillips 66 had a return on fairness of eight.86% and a internet margin of two.43%. During the identical interval within the prior yr, the corporate posted $three.02 EPS. Equities badysts forecast that Phillips 66 will submit $three.42 EPS for the present yr.
The enterprise additionally not too long ago declared a quarterly dividend, which will probably be paid on Thursday, December 1st. Investors of file on Thursday, November 17th will probably be paid a $zero.63 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of three.01%. Phillips 66’s payout ratio is at present 66.14%.
Several equities badysis badysts not too long ago commented on PSX shares. Vetr minimize Phillips 66 from a “strong-buy” ranking to a “buy” ranking and set a $87.77 goal value for the corporate. in a badysis notice on Monday, September 19th. Piper Jaffray Cos. raised their value goal on Phillips 66 from $68.00 to $74.00 and gave the corporate a “neutral” ranking in a badysis notice on Monday, August 22nd. TheAvenue raised Phillips 66 from a “hold” ranking to a “buy” ranking in a badysis notice on Monday, August 29th. Jefferies Group initiated protection on Phillips 66 in a badysis notice on Tuesday, August 23rd. They issued a “hold” ranking and a $72.00 value goal for the corporate. Finally, Barclays PLC reissued an “equal weight” ranking and issued a $86.00 value goal on shares of Phillips 66 in a badysis notice on Thursday, July 28th. Fourteen equities badysis badysts have rated the inventory with a maintain ranking, six have given a purchase ranking and one has given a powerful purchase ranking to the corporate’s inventory. Phillips 66 presently has a median ranking of “Hold” and a consensus goal value of $86.12.
In different Phillips 66 information, main shareholder Berkshire Hathaway Inc purchased 290,116 shares of the enterprise’s inventory in a transaction on Monday, August 22nd. The shares had been acquired at a median price of $77.04 per share, for a complete transaction of $22,350,536.64. The buy was disclosed in a doc filed with the SEC, which is on the market at this hyperlink. Also, VP Lawrence Michael Ziemba offered 72,630 shares of the inventory in a transaction on Wednesday, November ninth. The shares had been offered at a median value of $80.20, for a complete worth of $5,824,926.00. The disclosure for this sale may be discovered right here. Company insiders personal zero.05% of the corporate’s inventory.
About Phillips 66
Phillips 66 is an power manufacturing and logistics firm with midstream, chemical compounds, refining and advertising and marketing, and specialties companies. The Company operates its enterprise by way of 4 segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream section consists of its fairness funding in DCP Midstream , LLC (DCP Midstream) and its funding in Phillips 66 Partners LP.