Wilen Investment Management CORP. decreased its holdings in shares of Phillips 66 (NYSE:PSX) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,732 shares of the oil and gas company’s stock after selling 567 shares during the period. Phillips 66 makes up approximately 2.7% of Wilen Investment Management CORP.’s holdings, making the stock its 12th largest position. Wilen Investment Management CORP.’s holdings in Phillips 66 were worth $3,490,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the stock. Harvest Group Wealth Management LLC purchased a new position in Phillips 66 in the first quarter valued at about $31,000. Proficio Capital Partners LLC increased its holdings in Phillips 66 by 46.1% in the fourth quarter. Proficio Capital Partners LLC now owns 434 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 137 shares in the last quarter. TCG Advisors LP purchased a new position in Phillips 66 in the first quarter valued at about $38,000. Burt Wealth Advisors increased its holdings in Phillips 66 by 285.7% in the first quarter. Burt Wealth Advisors now owns 405 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 300 shares in the last quarter. Finally, Truehand Inc purchased a new position in Phillips 66 in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.
A number of research analysts have issued reports on the stock. ValuEngine cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Morgan Stanley dropped their target price on shares of Phillips 66 from $115.00 to $105.00 and set an “equal weight” rating for the company in a report on Friday, May 17th. Jefferies Financial Group cut shares of Phillips 66 from a “buy” rating to a “hold” rating and increased their target price for the company from $105.00 to $107.00 in a report on Monday, April 15th. Argus dropped their target price on shares of Phillips 66 to $116.00 and set a “buy” rating for the company in a report on Thursday, February 14th. Finally, Citigroup increased their target price on shares of Phillips 66 from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Phillips 66 currently has an average rating of “Hold” and a consensus price target of $118.73.
NYSE PSX traded down $0.08 during mid-day trading on Friday, reaching $85.16. 746,373 shares of the stock were exchanged, compared to its average volume of 2,594,174. Phillips 66 has a 1-year low of $78.44 and a 1-year high of $123.97. The firm has a market cap of $37.76 billion, a P/E ratio of 7.27, a price-to-earnings-growth ratio of 1.36 and a beta of 0.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 1.31.
Phillips 66 (NYSE:PSX) last announced its earnings results on Tuesday, April 30th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. Phillips 66 had a net margin of 4.63% and a return on equity of 19.96%. The firm had revenue of $23.66 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same quarter last year, the business earned $1.04 earnings per share. As a group, equities analysts predict that Phillips 66 will post 7.22 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were given a dividend of $0.90 per share. The ex-dividend date was Friday, May 17th. This represents a $3.60 dividend on an annualized basis and a yield of 4.23%. This is a positive change from Phillips 66’s previous quarterly dividend of $0.80. Phillips 66’s dividend payout ratio (DPR) is 30.74%.
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Phillips 66 Profile
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined products to market; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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