Ellerson Group Inc. ADV grew its position in Phillips 66 (NYSE:PSX – Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,421 shares of the oil and gas company’s stock after purchasing an additional 1,269 shares during the period. Phillips 66 comprises about 3.5% of Ellerson Group Inc. ADV’s holdings, making the stock its 9th largest position. Ellerson Group Inc. ADV’s holdings in Phillips 66 were worth $4,050,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PSX. DekaBank Deutsche Girozentrale raised its stake in shares of Phillips 66 by 12.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 201,592 shares of the oil and gas company’s stock valued at $26,501,000 after acquiring an additional 22,278 shares in the last quarter. Eldred Rock Partners LLC bought a new position in Phillips 66 in the 4th quarter worth $10,402,000. Choate Investment Advisors acquired a new position in Phillips 66 during the 3rd quarter worth $247,000. First Dallas Securities Inc. bought a new stake in Phillips 66 during the third quarter valued at about $753,000. Finally, TIAA Trust National Association boosted its holdings in Phillips 66 by 32.9% during the fourth quarter. TIAA Trust National Association now owns 14,816 shares of the oil and gas company’s stock valued at $1,973,000 after acquiring an additional 3,670 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, VP Joseph Scott Pruitt sold 5,922 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $157.40, for a total transaction of $932,122.80. Following the sale, the vice president now directly owns 6,583 shares in the company, valued at approximately $1,036,164.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Phillips 66 news, Director Robert W. Pease purchased 682 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was acquired at an average cost of $146.58 per share, with a total value of $99,967.56. Following the completion of the acquisition, the director now directly owns 1,900 shares of the company’s stock, valued at approximately $278,502. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph Scott Pruitt sold 5,922 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $157.40, for a total transaction of $932,122.80. Following the sale, the vice president now directly owns 6,583 shares in the company, valued at approximately $1,036,164.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,056 shares of company stock worth $5,272,681. Insiders own 0.22% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on Phillips 66
Phillips 66 Price Performance
NYSE PSX traded down $0.26 during trading on Friday, reaching $143.61. 1,806,203 shares of the company traded hands, compared to its average volume of 2,353,122. Phillips 66 has a 1-year low of $89.74 and a 1-year high of $174.08. The company has a market cap of $60.88 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 1.82 and a beta of 1.41. The stock’s 50 day moving average price is $155.55 and its two-hundred day moving average price is $138.03. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.17.
Phillips 66 (NYSE:PSX – Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). Phillips 66 had a net margin of 3.84% and a return on equity of 19.19%. The company had revenue of $36.44 billion for the quarter, compared to the consensus estimate of $35.87 billion. During the same period in the previous year, the business posted $4.21 earnings per share. As a group, analysts anticipate that Phillips 66 will post 13.17 EPS for the current year.
Phillips 66 Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a dividend of $1.15 per share. This is a positive change from Phillips 66’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, May 17th. This represents a $4.60 annualized dividend and a dividend yield of 3.20%. Phillips 66’s dividend payout ratio (DPR) is presently 32.31%.
Phillips 66 Profile
Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. 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.
Featured Stories
- Five stocks we like better than Phillips 66
- Why Invest in High-Yield Dividend Stocks?
- MarketBeat Week in Review – 4/29 – 5/3
- CD Calculator: Certificate of Deposit Calculator
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Find and Profitably Trade Stocks at 52-Week Lows
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Want to see what other hedge funds are holding PSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Phillips 66 (NYSE:PSX – Free Report).
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.