Sii Investments Inc. WI Raises Stake in Phillips 66 (NYSE:PSX)
Sii Investments Inc. WI boosted its position in Phillips 66 (NYSE:PSX) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,508 shares of the oil and gas company’s stock after buying an additional 1,638 shares during the period. Sii Investments Inc. WI’s holdings in Phillips 66 were worth $5,588,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. increased its position in Phillips 66 by 5.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,616 shares of the oil and gas company’s stock worth $366,000 after buying an additional 236 shares during the period. Prospera Financial Services Inc increased its position in Phillips 66 by 33.5% in the first quarter. Prospera Financial Services Inc now owns 7,847 shares of the oil and gas company’s stock worth $621,000 after buying an additional 1,970 shares during the period. Alpha Windward LLC increased its position in Phillips 66 by 0.3% in the first quarter. Alpha Windward LLC now owns 3,035 shares of the oil and gas company’s stock worth $240,000 after buying an additional 9 shares during the period. TNB Financial purchased a new position in Phillips 66 during the first quarter worth approximately $286,000. Finally, Capstone Asset Management Co. increased its position in Phillips 66 by 9.6% in the first quarter. Capstone Asset Management Co. now owns 178,119 shares of the oil and gas company’s stock worth $14,111,000 after buying an additional 15,577 shares during the period. Institutional investors own 69.78% of the company’s stock.
Shares of Phillips 66 (NYSE:PSX) traded down 0.5306% during midday trading on Thursday, hitting $84.0417. The company had a trading volume of 411,260 shares. The firm has a market cap of $42.99 billion, a price-to-earnings ratio of 25.1321 and a beta of 1.22. The company’s 50 day moving average is $82.83 and its 200 day moving average is $79.81. Phillips 66 has a one year low of $75.14 and a one year high of $88.87.
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 for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. The company had revenue of $24.58 billion during the quarter, compared to analysts’ expectations of $25.14 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Equities analysts forecast that Phillips 66 will post $4.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.31%. Phillips 66’s dividend payout ratio is currently 83.58%.
A number of equities analysts have recently commented on the company. Barclays PLC restated 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. Scotiabank set a $86.00 price objective on Phillips 66 and gave the stock a “hold” rating in a report on Tuesday, August 1st. TheStreet upgraded Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, June 30th. Zacks Investment Research downgraded Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $84.00 price objective on shares of Phillips 66 in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Phillips 66 presently has a consensus rating of “Hold” and an average price target of $83.53.
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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