United Services Automobile Association raised its stake in Phillips 66 (NYSE:PSX) by 8.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 451,001 shares of the oil and gas company’s stock after buying an additional 34,059 shares during the period. United Services Automobile Association owned about 0.09% of Phillips 66 worth $35,728,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Winslow Evans & Crocker Inc. boosted its position in shares of Phillips 66 by 5.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,616 shares of the oil and gas company’s stock valued at $366,000 after buying an additional 236 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Phillips 66 by 14.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 141,328 shares of the oil and gas company’s stock valued at $11,197,000 after buying an additional 17,409 shares in the last quarter. BB&T Corp boosted its position in shares of Phillips 66 by 29.2% in the first quarter. BB&T Corp now owns 64,177 shares of the oil and gas company’s stock valued at $5,083,000 after buying an additional 14,515 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of Phillips 66 by 3.0% in the first quarter. Shell Asset Management Co. now owns 45,458 shares of the oil and gas company’s stock valued at $3,601,000 after buying an additional 1,316 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Phillips 66 by 5.2% in the first quarter. LS Investment Advisors LLC now owns 19,609 shares of the oil and gas company’s stock valued at $1,553,000 after buying an additional 970 shares in the last quarter. 69.09% of the stock is currently owned by institutional investors.
Phillips 66 (PSX) opened at 82.85 on Friday. The stock has a market capitalization of $42.76 billion, a P/E ratio of 25.71 and a beta of 1.23. The stock has a 50 day moving average of $80.48 and a 200 day moving average of $79.79. Phillips 66 has a 52-week low of $73.82 and a 52-week high of $88.87.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, April 28th. The oil and gas company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.53. The company had revenue of $23.71 billion during the quarter, compared to analysts’ expectations of $22.30 billion. Phillips 66 had a return on equity of 5.98% and a net margin of 1.86%. During the same period in the prior year, the business posted $0.67 EPS. On average, equities research analysts forecast that Phillips 66 will post $3.98 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.38%. Phillips 66’s dividend payout ratio (DPR) is presently 86.96%.
TRADEMARK VIOLATION NOTICE: This news story was originally published by BBNS and is the sole property of of BBNS. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://baseballnewssource.com/markets/united-services-automobile-association-acquires-34059-shares-of-phillips-66-nysepsx/1259200.html.
Several equities analysts have recently issued reports on PSX shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $87.00 price objective on shares of Phillips 66 in a research note on Thursday, April 20th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $88.00 price objective on shares of Phillips 66 in a research note on Thursday, May 25th. Scotiabank set a $86.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a research note on Monday, May 1st. Jefferies Group LLC set a $74.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Finally, US Capital Advisors reaffirmed a “buy” rating on shares of Phillips 66 in a research note on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Phillips 66 presently has an average rating of “Hold” and an average price target of $84.12.
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 our FREE daily email newsletter.