Phillips 66 (PSX) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC decreased its stake in shares of Phillips 66 (NYSE:PSX) by 42.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,000 shares of the oil and gas company’s stock after selling 4,500 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Phillips 66 were worth $576,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PSX. Waters Parkerson & CO. LLC grew its stake in shares of Phillips 66 by 14.0% in the 1st quarter. Waters Parkerson & CO. LLC now owns 3,584 shares of the oil and gas company’s stock worth $344,000 after purchasing an additional 440 shares during the last quarter. Atria Investments LLC grew its stake in shares of Phillips 66 by 15.2% in the 1st quarter. Atria Investments LLC now owns 3,364 shares of the oil and gas company’s stock worth $323,000 after purchasing an additional 445 shares during the last quarter. Buckley Wealth Management LLC grew its stake in shares of Phillips 66 by 4.0% in the 1st quarter. Buckley Wealth Management LLC now owns 11,780 shares of the oil and gas company’s stock worth $1,130,000 after purchasing an additional 449 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Phillips 66 by 2.5% in the 1st quarter. Riverhead Capital Management LLC now owns 18,188 shares of the oil and gas company’s stock worth $1,744,000 after purchasing an additional 450 shares during the last quarter. Finally, Pendal Group Ltd grew its stake in shares of Phillips 66 by 20.3% in the 1st quarter. Pendal Group Ltd now owns 2,712 shares of the oil and gas company’s stock worth $260,000 after purchasing an additional 458 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Phillips 66 opened at $120.33 on Friday, according to Marketbeat Ratings. Phillips 66 has a one year low of $75.85 and a one year high of $122.38. The stock has a market capitalization of $56.77 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.02 and a beta of 1.07. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.48.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, April 27th. The oil and gas company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. Phillips 66 had a net margin of 4.85% and a return on equity of 10.00%. The company had revenue of $24.05 billion during the quarter, compared to analysts’ expectations of $29.23 billion. During the same period last year, the company posted $0.56 earnings per share. analysts anticipate that Phillips 66 will post 7.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 21st will be issued a dividend of $0.80 per share. This is a boost from Phillips 66’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, May 18th. Phillips 66’s dividend payout ratio (DPR) is currently 63.93%.

PSX has been the topic of several recent research reports. ValuEngine raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Phillips 66 in a research note on Wednesday, March 7th. Cowen reaffirmed an “outperform” rating and issued a $137.00 price objective (up previously from $125.00) on shares of Phillips 66 in a research note on Wednesday, February 14th. Citigroup lifted their price objective on shares of Phillips 66 from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 13th. Finally, Deutsche Bank lowered their price objective on shares of Phillips 66 from $106.00 to $102.00 and set a “hold” rating on the stock in a research note on Monday, March 19th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $106.19.

In related news, VP Chukwuemeka A. Oyolu sold 6,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $120.00, for a total transaction of $828,000.00. Following the completion of the sale, the vice president now directly owns 8,177 shares in the company, valued at $981,240. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks, delivers refined products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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

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.



Leave a Reply