Phillips 66 (PSX) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Phillips 66 (NYSE:PSX) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,601 shares of the oil and gas company’s stock after acquiring an additional 34 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Phillips 66 were worth $4,680,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Jacobi Capital Management LLC lifted its holdings in shares of Phillips 66 by 27.4% during the 1st quarter. Jacobi Capital Management LLC now owns 1,288 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 277 shares during the last quarter. Motco grew its position in Phillips 66 by 4.0% in the second quarter. Motco now owns 1,309 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 50 shares in the last quarter. Westside Investment Management Inc. grew its position in 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 acquiring an additional 1,000 shares in the last quarter. Farmers National Bank purchased a new position in Phillips 66 in the first quarter worth $113,000. Finally, Meeder Asset Management Inc. purchased a new position in Phillips 66 in the second quarter worth $116,000. Institutional investors and hedge funds own 69.54% of the company’s stock.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 1,151 shares of the company’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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.
Shares of Phillips 66 (PSX) opened at 92.38 on Tuesday. The company has a market cap of $47.25 billion, a P/E ratio of 27.64 and a beta of 1.19. The firm has a 50-day moving average price of $85.94 and a 200 day moving average price of $81.44. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $92.67.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.07. The firm had revenue of $24.58 billion during the quarter, compared to the consensus estimate of $25.14 billion. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. During the same quarter last year, the firm earned $0.94 EPS. Equities analysts predict that Phillips 66 will post $4.33 earnings per share for the current year.
A number of equities research analysts have weighed in on the company. Howard Weil upgraded Phillips 66 from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $86.00 to $98.00 in a research report on Thursday, September 28th. Piper Jaffray Companies reiterated a “buy” rating and issued a $98.00 price objective on shares of Phillips 66 in a report on Tuesday, September 26th. Barclays PLC reiterated an “equal weight” rating and issued a $89.00 price objective (up from $87.00) on shares of Phillips 66 in a report on Wednesday, August 2nd. BidaskClub upgraded Phillips 66 from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Scotiabank upgraded Phillips 66 from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $89.00 to $98.00 in a research report on Saturday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $87.11.
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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