Moller Financial Services continued to hold its stake in shares of Phillips 66 (NYSE:PSX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,826 shares of the oil and gas company’s stock at the close of the 2nd quarter. Moller Financial Services’ holdings in Phillips 66 were worth $234,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Phillips 66 by 2.5% during the first quarter. Vanguard Group Inc. now owns 31,695,502 shares of the oil and gas company’s stock worth $2,510,918,000 after purchasing an additional 780,469 shares in the last quarter. BlackRock Inc. increased its position in shares of Phillips 66 by 2,329.3% during the first quarter. BlackRock Inc. now owns 27,821,897 shares of the oil and gas company’s stock worth $2,204,052,000 after purchasing an additional 26,676,647 shares in the last quarter. State Street Corp increased its position in shares of Phillips 66 by 4.0% during the first quarter. State Street Corp now owns 24,085,903 shares of the oil and gas company’s stock worth $1,908,079,000 after purchasing an additional 921,895 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Phillips 66 by 4.3% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,349,815 shares of the oil and gas company’s stock worth $1,136,792,000 after purchasing an additional 585,176 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Phillips 66 by 2.5% during the first quarter. Wells Fargo & Company MN now owns 8,350,941 shares of the oil and gas company’s stock worth $661,561,000 after purchasing an additional 205,952 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.
Phillips 66 (PSX) opened at 86.20 on Friday. The firm has a market cap of $44.09 billion, a price-to-earnings ratio of 25.79 and a beta of 1.20. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $88.87. The firm’s 50-day moving average price is $84.05 and its 200-day moving average price is $80.39.
Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.07. The company had revenue of $24.58 billion during the quarter, compared to the consensus estimate of $25.14 billion. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. During the same quarter last year, the business posted $0.94 earnings per share. On average, equities research analysts anticipate that Phillips 66 will post $4.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.25%. The ex-dividend date was Wednesday, August 16th. Phillips 66’s payout ratio is 83.58%.
Several analysts recently commented on PSX shares. US Capital Advisors reiterated a “buy” rating on shares of Phillips 66 in a research report on Monday, May 22nd. Piper Jaffray Companies reiterated an “overweight” rating and set a $88.00 price target on shares of Phillips 66 in a research report on Thursday, May 25th. Jefferies Group LLC set a $74.00 price target on Phillips 66 and gave the stock a “hold” rating in a research report on Saturday, June 3rd. TheStreet cut Phillips 66 from a “b-” rating to a “c” rating in a research report on Monday, June 5th. Finally, BidaskClub upgraded Phillips 66 from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $83.93.
About Phillips 66
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.
Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.