WINTON GROUP Ltd Sells 6,034 Shares of Phillips 66 (NYSE:PSX)

WINTON GROUP Ltd trimmed its holdings in shares of Phillips 66 (NYSE:PSX) by 44.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,624 shares of the oil and gas company’s stock after selling 6,034 shares during the period. WINTON GROUP Ltd’s holdings in Phillips 66 were worth $698,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PSX. Jacobi Capital Management LLC boosted its position in Phillips 66 by 27.4% in the 1st quarter. Jacobi Capital Management LLC now owns 1,288 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 277 shares during the last quarter. Motco boosted its position in Phillips 66 by 4.0% in the 2nd quarter. Motco now owns 1,309 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 50 shares during the last quarter. Ffcm LLC bought a new position in Phillips 66 in the 2nd quarter valued at $113,000. Bruderman Asset Management LLC bought a new position in Phillips 66 in the 2nd quarter valued at $112,000. Finally, Meeder Asset Management Inc. bought a new position in Phillips 66 in the 2nd quarter valued at $116,000. 70.12% of the stock is owned by hedge funds and other institutional investors.

PSX has been the topic of a number of recent research reports. UBS Group increased their price objective on Phillips 66 from $85.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, November 15th. Vetr lowered 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 Thursday, November 2nd. Goldman Sachs Group upgraded Phillips 66 to a “buy” rating in a research report on Monday, December 18th. Jefferies Group lowered Phillips 66 from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $95.00 to $75.14 in a research report on Monday, October 16th. Finally, Scotiabank reiterated a “hold” rating on shares of Phillips 66 in a research report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Phillips 66 has a consensus rating of “Hold” and an average price target of $94.14.

In related news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $100.25, for a total transaction of $270,675.00. Following the sale, the vice president now owns 2,700 shares of the company’s stock, valued at approximately $270,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Shares of Phillips 66 (NYSE:PSX) traded down $0.81 during trading on Friday, reaching $101.15. The company had a trading volume of 1,267,611 shares, compared to its average volume of 1,665,143. The firm has a market cap of $52,153.64, a P/E ratio of 25.35, a PEG ratio of 2.26 and a beta of 1.24. Phillips 66 has a twelve month low of $75.14 and a twelve month high of $102.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.31 and a quick ratio of 0.86.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.04. The business had revenue of $26.21 billion for the quarter, compared to the consensus estimate of $29.94 billion. Phillips 66 had a return on equity of 7.58% and a net margin of 2.11%. During the same quarter last year, the business posted $1.05 EPS. equities research analysts predict that Phillips 66 will post 4.5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, October 17th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, November 16th. Phillips 66’s payout ratio is presently 70.18%.

Phillips 66 announced that its Board of Directors has approved a stock buyback program on Monday, October 9th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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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.

Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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