Suntrust Banks Inc. lifted its holdings in Phillips 66 (NYSE:PSX) by 6.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 91,469 shares of the oil and gas company’s stock after buying an additional 5,310 shares during the quarter. Suntrust Banks Inc.’s holdings in Phillips 66 were worth $9,249,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Phillips 66 by 0.4% in the 4th quarter. BlackRock Inc. now owns 27,591,121 shares of the oil and gas company’s stock worth $2,790,841,000 after buying an additional 119,373 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Phillips 66 by 3.8% in the 4th quarter. Bank of New York Mellon Corp now owns 7,098,574 shares of the oil and gas company’s stock valued at $718,021,000 after purchasing an additional 260,478 shares during the last quarter. Boston Partners lifted its position in Phillips 66 by 0.4% in the 3rd quarter. Boston Partners now owns 3,107,739 shares of the oil and gas company’s stock valued at $284,700,000 after purchasing an additional 11,610 shares during the last quarter. Legal & General Group Plc lifted its position in Phillips 66 by 1.2% in the 3rd quarter. Legal & General Group Plc now owns 2,769,247 shares of the oil and gas company’s stock valued at $253,691,000 after purchasing an additional 33,298 shares during the last quarter. Finally, Santa Barbara Asset Management LLC lifted its position in Phillips 66 by 0.5% in the 3rd quarter. Santa Barbara Asset Management LLC now owns 2,218,582 shares of the oil and gas company’s stock valued at $203,244,000 after purchasing an additional 10,734 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.
Several analysts recently weighed in on the stock. Scotiabank reiterated a “buy” rating and issued a $112.00 price objective on shares of Phillips 66 in a research report on Wednesday, January 10th. Barclays reiterated a “sell” rating and issued a $111.00 price objective on shares of Phillips 66 in a research report on Wednesday, January 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $106.00 price objective on shares of Phillips 66 in a research report on Tuesday, January 30th. Vetr downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 price objective on the stock. in a research report on Tuesday, November 21st. Finally, Citigroup lifted their price objective on shares of Phillips 66 from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Phillips 66 currently has an average rating of “Hold” and an average target price of $103.89.
Phillips 66 (NYSE PSX) opened at $90.13 on Friday. The company has a market cap of $45,670.00, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 1.31. Phillips 66 has a 52 week low of $75.14 and a 52 week high of $107.47.
Phillips 66 (NYSE:PSX) last released its earnings results on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.21. The firm had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $30.71 billion. Phillips 66 had a net margin of 4.88% and a return on equity of 9.52%. During the same quarter last year, the company earned $0.16 EPS. equities research analysts forecast that Phillips 66 will post 7.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.80 annualized dividend and a yield of 3.11%. Phillips 66’s payout ratio is 70.53%.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $100.25, for a total transaction of $270,675.00. Following the transaction, the vice president now owns 2,700 shares of the company’s stock, valued at approximately $270,675. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.
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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.
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