Flinton Capital Management LLC Purchases 1,736 Shares of Phillips 66 (PSX)
Flinton Capital Management LLC increased its position in shares of Phillips 66 (NYSE:PSX) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,552 shares of the oil and gas company’s stock after buying an additional 1,736 shares during the period. Flinton Capital Management LLC’s holdings in Phillips 66 were worth $2,079,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in PSX. Nationwide Fund Advisors increased its stake in shares of Phillips 66 by 7.7% during the third quarter. Nationwide Fund Advisors now owns 338,816 shares of the oil and gas company’s stock worth $31,039,000 after buying an additional 24,318 shares during the period. American Century Companies Inc. purchased a new stake in shares of Phillips 66 during the third quarter worth approximately $5,569,000. Alps Advisors Inc. increased its stake in shares of Phillips 66 by 82.9% during the third quarter. Alps Advisors Inc. now owns 4,692 shares of the oil and gas company’s stock worth $430,000 after buying an additional 2,126 shares during the period. Sei Investments Co. increased its stake in Phillips 66 by 1.7% in the third quarter. Sei Investments Co. now owns 134,747 shares of the oil and gas company’s stock valued at $12,344,000 after purchasing an additional 2,287 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in Phillips 66 by 8.5% in the third quarter. New York State Common Retirement Fund now owns 1,175,459 shares of the oil and gas company’s stock valued at $107,684,000 after purchasing an additional 92,469 shares during the last quarter. Hedge funds and other institutional investors own 77.87% of the company’s stock.
Phillips 66 (NYSE PSX) opened at $95.79 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37. The stock has a market cap of $47,590.00, a P/E ratio of 20.87, a PEG ratio of 1.58 and a beta of 1.18. Phillips 66 has a 1 year low of $75.14 and a 1 year high of $107.47.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th were given a dividend of $0.70 per share. The ex-dividend date was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.92%. Phillips 66’s dividend payout ratio (DPR) is presently 61.00%.
Several equities analysts have commented on PSX shares. Vetr upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price target on the stock in a research note on Monday, November 27th. Goldman Sachs upgraded shares of Phillips 66 to a “buy” rating in a research note on Monday, December 18th. Scotiabank reiterated a “buy” rating and issued a $112.00 price target on shares of Phillips 66 in a research note on Wednesday, January 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $115.00 price target on shares of Phillips 66 in a research note on Monday, January 22nd. Finally, ValuEngine upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $103.46.
Phillips 66 Company 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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