AMF Pensionsforsakring AB Has $7,215,000 Stake in Phillips 66 (NYSE:PSX)
AMF Pensionsforsakring AB held its position in Phillips 66 (NYSE:PSX) during the second quarter, Holdings Channel reports. The institutional investor owned 91,070 shares of the oil and gas company’s stock at the end of the second quarter. AMF Pensionsforsakring AB’s holdings in Phillips 66 were worth $7,215,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in PSX. Jacobi Capital Management LLC increased its stake in shares of Phillips 66 by 27.4% in the first quarter. Jacobi Capital Management LLC now owns 1,288 shares of the oil and gas company’s stock worth $100,000 after buying an additional 277 shares in the last quarter. Winch Advisory Services LLC increased its stake in shares of Phillips 66 by 5,872.7% in the first quarter. Winch Advisory Services LLC now owns 1,314 shares of the oil and gas company’s stock worth $104,000 after buying an additional 1,292 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Phillips 66 during the second quarter worth approximately $116,000. Farmers National Bank acquired a new stake in shares of Phillips 66 during the first quarter worth approximately $113,000. Finally, Westside Investment Management Inc. increased its stake in shares of Phillips 66 by 239.2% in the first quarter. Westside Investment Management Inc. now owns 1,418 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,000 shares in the last quarter. 69.78% of the stock is owned by institutional investors.
Shares of Phillips 66 (NYSE:PSX) traded down 0.24% on Friday, reaching $83.44. The company had a trading volume of 1,858,217 shares. The company has a 50 day moving average price of $83.10 and a 200 day moving average price of $79.85. Phillips 66 has a 52-week low of $75.14 and a 52-week high of $88.87. The stock has a market capitalization of $42.68 billion, a PE ratio of 24.95 and a beta of 1.22.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.07. The firm had revenue of $24.58 billion during the quarter, compared to analysts’ expectations of $25.14 billion. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. During the same period in the prior year, the company posted $0.94 earnings per share. On average, equities research analysts anticipate that Phillips 66 will post $4.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Wednesday, August 16th. Phillips 66’s dividend payout ratio is presently 83.58%.
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A number of equities research analysts have recently commented on the company. BidaskClub raised Phillips 66 from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Scotiabank reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Phillips 66 in a research report on Tuesday, June 27th. TheStreet raised Phillips 66 from a “c” rating to a “b-” rating in a research report on Friday, June 30th. Jefferies Group LLC set a $74.00 price objective on Phillips 66 and gave the company a “hold” rating in a research report on Saturday, June 3rd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $88.00 price objective on shares of Phillips 66 in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $83.53.
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.
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