Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Phillips 66 (NYSE:PSX – Get Rating) by 85.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,226 shares of the oil and gas company's stock after acquiring an additional 5,629 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in Phillips 66 were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Hawaii lifted its stake in shares of Phillips 66 by 1.4% during the first quarter. Bank of Hawaii now owns 8,888 shares of the oil and gas company's stock worth $768,000 after purchasing an additional 120 shares in the last quarter. X Square Capital LLC boosted its holdings in Phillips 66 by 5.1% in the 2nd quarter. X Square Capital LLC now owns 2,478 shares of the oil and gas company's stock worth $203,000 after acquiring an additional 121 shares during the period. Paragon Capital Management LLC grew its position in Phillips 66 by 1.1% in the first quarter. Paragon Capital Management LLC now owns 11,448 shares of the oil and gas company's stock valued at $989,000 after acquiring an additional 124 shares in the last quarter. Zullo Investment Group Inc. raised its stake in shares of Phillips 66 by 6.6% during the first quarter. Zullo Investment Group Inc. now owns 2,047 shares of the oil and gas company's stock valued at $177,000 after purchasing an additional 126 shares during the period. Finally, BMS Financial Advisors LLC lifted its position in shares of Phillips 66 by 1.8% during the first quarter. BMS Financial Advisors LLC now owns 7,302 shares of the oil and gas company's stock worth $631,000 after purchasing an additional 132 shares in the last quarter. 71.42% of the stock is owned by hedge funds and other institutional investors.Get Phillips 66 alerts:
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on PSX shares. Wells Fargo & Company raised their price target on shares of Phillips 66 from $123.00 to $134.00 in a report on Thursday, November 3rd. BMO Capital Markets lifted their target price on Phillips 66 from $120.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, November 10th. StockNews.com assumed coverage on Phillips 66 in a report on Wednesday, October 12th. They issued a "buy" rating for the company. The Goldman Sachs Group lifted their price objective on Phillips 66 to $123.00 in a report on Wednesday, November 16th. Finally, Cowen increased their target price on Phillips 66 to $115.00 in a research note on Tuesday, November 15th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $116.73.
Phillips 66 Stock Up 0.1 %Shares of Phillips 66 stock opened at $110.78 on Friday. The stock has a market capitalization of $52.36 billion, a price-to-earnings ratio of 5.07, a PEG ratio of 0.31 and a beta of 1.44. Phillips 66 has a twelve month low of $67.08 and a twelve month high of $113.53. The company has a current ratio of 1.30, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The business's 50 day simple moving average is $96.80 and its 200-day simple moving average is $92.73.
Phillips 66 (NYSE:PSX – Get Rating) last posted its earnings results on Tuesday, November 1st. The oil and gas company reported $6.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.82 by $1.64. Phillips 66 had a return on equity of 32.66% and a net margin of 6.18%. During the same period in the previous year, the business earned $3.18 EPS. Equities research analysts forecast that Phillips 66 will post 20.4 earnings per share for the current year.
Phillips 66 Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, November 16th. Phillips 66's dividend payout ratio (DPR) is presently 17.75%.
Insiders Place Their Bets
In other news, VP Joseph Scott Pruitt sold 3,000 shares of the company's stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $111.86, for a total transaction of $335,580.00. Following the completion of the sale, the vice president now owns 15,302 shares in the company, valued at approximately $1,711,681.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.74% of the company's stock.
Phillips 66 Company Profile
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 petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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