Montag A & Associates Inc. cut its position in shares of Phillips 66 (NYSE:PSX) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,403 shares of the oil and gas company’s stock after selling 150 shares during the quarter. Montag A & Associates Inc.’s holdings in Phillips 66 were worth $451,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its position in Phillips 66 by 12.3% in the third quarter. Capital Advisors Ltd. LLC now owns 852 shares of the oil and gas company’s stock worth $87,000 after acquiring an additional 93 shares during the period. Somerset Trust Co raised its position in Phillips 66 by 0.5% in the third quarter. Somerset Trust Co now owns 18,425 shares of the oil and gas company’s stock worth $1,887,000 after acquiring an additional 98 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its position in Phillips 66 by 2.5% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,064 shares of the oil and gas company’s stock worth $416,000 after acquiring an additional 100 shares during the period. Heritage Wealth Advisors raised its position in Phillips 66 by 25.2% in the third quarter. Heritage Wealth Advisors now owns 502 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 101 shares during the period. Finally, Montecito Bank & Trust raised its position in Phillips 66 by 4.1% in the second quarter. Montecito Bank & Trust now owns 2,679 shares of the oil and gas company’s stock worth $250,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 69.33% of the company’s stock.
In other news, EVP Robert A. Herman sold 47,433 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $103.17, for a total value of $4,893,662.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate insiders.
Phillips 66 stock traded up $0.13 during midday trading on Friday, reaching $119.70. 1,556,669 shares of the stock were exchanged, compared to its average volume of 2,631,109. The company’s fifty day moving average is $108.48 and its 200-day moving average is $97.69. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.29. The firm has a market cap of $52.84 billion, a PE ratio of 10.22, a PEG ratio of 2.11 and a beta of 1.10. Phillips 66 has a 52 week low of $78.44 and a 52 week high of $119.92.
Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, October 25th. The oil and gas company reported $3.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.51. The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $28.31 billion. Phillips 66 had a net margin of 4.17% and a return on equity of 19.31%. During the same quarter in the prior year, the firm posted $3.10 EPS. On average, sell-side analysts anticipate that Phillips 66 will post 8.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $0.90 dividend. The ex-dividend date is Friday, November 15th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.01%. Phillips 66’s dividend payout ratio (DPR) is 30.74%.
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 products to market; provides terminaling and storage services for crude oil and 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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