The Manufacturers Life Insurance Company grew its holdings in shares of Phillips 66 (NYSE:PSX) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 487,213 shares of the oil and gas company’s stock after purchasing an additional 31,921 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.10% of Phillips 66 worth $49,282,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Rowland & Co. Investment Counsel ADV purchased a new stake in shares of Phillips 66 in the fourth quarter worth approximately $102,000. First Dallas Securities Inc. bought a new position in Phillips 66 during the fourth quarter valued at approximately $143,000. FTB Advisors Inc. raised its position in Phillips 66 by 112.9% during the third quarter. FTB Advisors Inc. now owns 1,471 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 780 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Phillips 66 during the second quarter valued at approximately $127,000. Finally, Wealthcare Advisory Partners LLC bought a new position in Phillips 66 during the third quarter valued at approximately $141,000. Institutional investors own 77.87% of the company’s stock.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $100.25, for a total value of $270,675.00. Following the completion of the transaction, the vice president now directly owns 2,700 shares in the company, valued at $270,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.21. The firm had revenue of $30.12 billion for the quarter, compared to analyst estimates of $30.71 billion. Phillips 66 had a return on equity of 9.18% and a net margin of 4.88%. During the same period in the prior year, the firm posted $0.16 EPS. equities research analysts predict that Phillips 66 will post 7.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Tuesday, February 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Friday, February 16th. Phillips 66’s dividend payout ratio (DPR) is presently 61.00%.
PSX has been the topic of a number of recent research reports. Barclays downgraded shares of Phillips 66 from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $95.00 to $100.00 in a research note on Tuesday, November 14th. UBS Group lifted their price target on Phillips 66 from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. Vetr cut Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 price target for the company. in a report on Tuesday, November 21st. US Capital Advisors cut Phillips 66 from an “overweight” rating to a “hold” rating in a report on Monday, December 4th. Finally, Goldman Sachs Group raised Phillips 66 to a “buy” rating in a report on Monday, December 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $103.46.
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.
Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.