Phillips 66 (PSX) Position Lifted by Leisure Capital Management
Leisure Capital Management boosted its position in shares of Phillips 66 (NYSE:PSX) by 0.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,263 shares of the oil and gas company’s stock after purchasing an additional 132 shares during the quarter. Leisure Capital Management’s holdings in Phillips 66 were worth $1,262,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Guardian Life Insurance Co. of America boosted its position in shares of Phillips 66 by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,708 shares of the oil and gas company’s stock worth $135,000 after purchasing an additional 11 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in Phillips 66 by 0.4% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 3,821 shares of the oil and gas company’s stock worth $316,000 after buying an additional 14 shares during the period. Hudock Capital Group LLC raised its stake in Phillips 66 by 0.6% during the 2nd quarter. Hudock Capital Group LLC now owns 2,509 shares of the oil and gas company’s stock worth $207,000 after buying an additional 16 shares during the period. Good Life Advisors LLC raised its stake in Phillips 66 by 0.3% during the 2nd quarter. Good Life Advisors LLC now owns 6,198 shares of the oil and gas company’s stock worth $511,000 after buying an additional 17 shares during the period. Finally, Northwest Quadrant Wealth Management LLC raised its stake in Phillips 66 by 0.6% during the 1st quarter. Northwest Quadrant Wealth Management LLC now owns 2,862 shares of the oil and gas company’s stock worth $228,000 after buying an additional 18 shares during the period. Hedge funds and other institutional investors own 69.54% of the company’s stock.
Shares of Phillips 66 (PSX) opened at 93.63 on Wednesday. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $94.69. The firm’s 50-day moving average is $86.21 and its 200 day moving average is $81.54. The company has a market capitalization of $47.89 billion, a PE ratio of 28.02 and a beta of 1.19.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. The business had revenue of $24.58 billion for the quarter, compared to analyst estimates 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 in the prior year, the company earned $0.94 earnings per share. Equities research analysts predict that Phillips 66 will post $4.33 EPS for the current year.
A number of research firms have issued reports on PSX. Goldman Sachs Group, Inc. (The) raised Phillips 66 from a “neutral” rating to a “buy” rating and boosted their target price for the company from $88.00 to $109.00 in a research note on Tuesday. Scotiabank upgraded shares of Phillips 66 from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $89.00 to $98.00 in a report on Saturday. Howard Weil raised shares of Phillips 66 from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $86.00 to $98.00 in a research report on Thursday, September 28th. Piper Jaffray Companies reissued a “buy” rating and set a $98.00 price objective on shares of Phillips 66 in a research report on Tuesday, September 26th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Phillips 66 in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Phillips 66 currently has a consensus rating of “Hold” and an average price target of $89.30.
In other news, VP Chukwuemeka A. Oyolu sold 1,151 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $89.08, for a total transaction of $102,531.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.
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.
Want to see what other hedge funds are holding PSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Phillips 66 (NYSE:PSX).
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 Analyst Ratings Network's FREE daily email newsletter.