Phillips 66 (PSX) Position Boosted by Ferris Capital LLC

Ferris Capital LLC lifted its holdings in shares of Phillips 66 (NYSE:PSX) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,726 shares of the oil and gas company’s stock after acquiring an additional 990 shares during the quarter. Ferris Capital LLC’s holdings in Phillips 66 were worth $1,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in PSX. Bank of Hawaii raised its holdings in shares of Phillips 66 by 3.9% during the second quarter. Bank of Hawaii now owns 37,652 shares of the oil and gas company’s stock valued at $3,113,000 after acquiring an additional 1,413 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Phillips 66 by 6.0% during the second quarter. Stifel Financial Corp now owns 499,649 shares of the oil and gas company’s stock valued at $41,256,000 after acquiring an additional 28,162 shares in the last quarter. Carnegie Capital Asset Management LLC raised its holdings in shares of Phillips 66 by 7.0% during the second quarter. Carnegie Capital Asset Management LLC now owns 3,047 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 200 shares in the last quarter. InterOcean Capital LLC raised its holdings in shares of Phillips 66 by 12.7% during the second quarter. InterOcean Capital LLC now owns 145,307 shares of the oil and gas company’s stock valued at $12,015,000 after acquiring an additional 16,354 shares in the last quarter. Finally, Frontier Wealth Management LLC raised its holdings in shares of Phillips 66 by 4.8% during the second quarter. Frontier Wealth Management LLC now owns 10,961 shares of the oil and gas company’s stock valued at $906,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 71.09% of the company’s stock.

In other news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $100.25, for a total value of $270,675.00. Following the sale, the vice president now directly owns 2,700 shares of the company’s stock, valued at $270,675. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

A number of equities analysts recently commented on the company. Cowen restated an “outperform” rating and set a $137.00 target price (up previously from $125.00) on shares of Phillips 66 in a report on Wednesday. Citigroup decreased their target price on Phillips 66 from $110.00 to $103.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Royal Bank of Canada restated a “hold” rating and set a $106.00 target price on shares of Phillips 66 in a report on Tuesday, January 30th. Piper Jaffray Companies restated a “buy” rating and set a $115.00 target price on shares of Phillips 66 in a report on Monday, January 22nd. Finally, Morgan Stanley restated an “equal weight” rating on shares of Phillips 66 in a report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $103.89.

Phillips 66 (PSX) opened at $91.99 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.31 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $42,913.34, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. Phillips 66 has a twelve month low of $75.14 and a twelve month high of $107.47.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.21. The business had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $30.71 billion. Phillips 66 had a return on equity of 9.52% and a net margin of 4.88%. During the same quarter in the prior year, the company earned $0.16 earnings per share. equities analysts forecast that Phillips 66 will post 7.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 3.04%. Phillips 66’s dividend payout ratio (DPR) is 28.20%.

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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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