Buckley Wealth Management LLC Buys Shares of 11,331 Phillips 66 (PSX)
Buckley Wealth Management LLC bought a new stake in Phillips 66 (NYSE:PSX) in the fourth quarter, HoldingsChannel reports. The fund bought 11,331 shares of the oil and gas company’s stock, valued at approximately $1,146,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Waters Parkerson & CO. LLC boosted its position in shares of Phillips 66 by 1.7% in the 2nd quarter. Waters Parkerson & CO. LLC now owns 3,606 shares of the oil and gas company’s stock valued at $298,000 after purchasing an additional 62 shares during the period. EP Wealth Advisors LLC boosted its position in shares of Phillips 66 by 1.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 3,806 shares of the oil and gas company’s stock valued at $315,000 after purchasing an additional 70 shares during the period. Monetary Management Group Inc. boosted its position in shares of Phillips 66 by 2.1% in the 2nd quarter. Monetary Management Group Inc. now owns 4,877 shares of the oil and gas company’s stock valued at $403,000 after purchasing an additional 100 shares during the period. Laurel Wealth Advisors Inc. boosted its position in shares of Phillips 66 by 0.6% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 19,058 shares of the oil and gas company’s stock valued at $1,575,000 after purchasing an additional 105 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its position in shares of Phillips 66 by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 4,460 shares of the oil and gas company’s stock valued at $372,000 after purchasing an additional 139 shares during the period. 70.17% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on PSX shares. Cowen reissued a “buy” rating and issued a $101.00 target price on shares of Phillips 66 in a research report on Tuesday, October 17th. Vetr raised Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 target price for the company in a research report on Monday, October 16th. Piper Jaffray Companies set a $93.00 target price on Phillips 66 and gave the company a “buy” rating in a research report on Monday, November 13th. Goldman Sachs Group raised Phillips 66 to a “buy” rating in a research report on Monday, December 18th. Finally, Scotiabank reaffirmed a “buy” rating and set a $112.00 price objective on shares of Phillips 66 in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Phillips 66 has an average rating of “Hold” and a consensus price target of $101.64.
Shares of Phillips 66 (PSX) opened at $92.60 on Monday. Phillips 66 has a 1 year low of $75.14 and a 1 year high of $107.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 1.31. The firm has a market capitalization of $46,920.00, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.21. Phillips 66 had a return on equity of 9.52% and a net margin of 4.88%. The company had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $30.71 billion. During the same period last year, the firm earned $0.16 EPS. equities analysts predict that Phillips 66 will post 7.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Friday, February 16th. Phillips 66’s dividend payout ratio (DPR) is 70.53%.
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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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