Godshalk Welsh Capital Management Inc. held its position in Phillips 66 (NYSE:PSX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,725 shares of the oil and gas company’s stock at the end of the first quarter. Godshalk Welsh Capital Management Inc.’s holdings in Phillips 66 were worth $533,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in PSX. Teachers Advisors LLC raised its position in Phillips 66 by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 754,752 shares of the oil and gas company’s stock valued at $65,218,000 after buying an additional 36,334 shares during the last quarter. Kentucky Retirement Systems bought a new position in Phillips 66 during the fourth quarter valued at $2,776,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Phillips 66 during the fourth quarter valued at $1,239,000. Wsfs Capital Management LLC bought a new position in Phillips 66 during the fourth quarter valued at $248,000. Finally, Macquarie Group Ltd. raised its position in Phillips 66 by 60.9% in the fourth quarter. Macquarie Group Ltd. now owns 22,600 shares of the oil and gas company’s stock valued at $1,953,000 after buying an additional 8,550 shares during the last quarter. 69.17% of the stock is currently owned by hedge funds and other institutional investors.
Phillips 66 (NYSE:PSX) opened at 83.70 on Thursday. The company’s 50 day moving average price is $81.24 and its 200-day moving average price is $79.70. The company has a market capitalization of $43.20 billion, a P/E ratio of 25.97 and a beta of 1.23. Phillips 66 has a 12-month low of $73.82 and a 12-month high of $88.87.
Phillips 66 (NYSE:PSX) last released its earnings results on Friday, April 28th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.53. The company had revenue of $23.71 billion during the quarter, compared to analyst estimates 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 company posted $0.67 earnings per share. Equities analysts forecast that Phillips 66 will post $3.98 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, August 16th. Phillips 66’s dividend payout ratio is presently 86.96%.
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PSX has been the topic of several analyst reports. Jefferies Group LLC set a $74.00 target price on Phillips 66 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Royal Bank Of Canada reissued a “hold” rating and issued a $87.00 target price on shares of Phillips 66 in a research note on Thursday, April 20th. Citigroup Inc. reissued a “neutral” rating and issued a $83.00 target price (down previously from $84.00) on shares of Phillips 66 in a research note on Saturday, April 22nd. Scotiabank set a $86.00 target price on Phillips 66 and gave the company a “hold” rating in a research note on Monday, May 1st. Finally, TheStreet raised Phillips 66 from a “c” rating to a “b-” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Phillips 66 currently has a consensus rating of “Hold” and an average target price 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.
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