Haverford Trust Co Has $1.99 Million Stake in Phillips 66 (NYSE:PSX)

Haverford Trust Co decreased its stake in shares of Phillips 66 (NYSE:PSX) by 1.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 15,158 shares of the oil and gas company’s stock after selling 298 shares during the period. Haverford Trust Co’s holdings in Phillips 66 were worth $1,993,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in shares of Phillips 66 in the 1st quarter worth approximately $25,000. Strategic Financial Concepts LLC bought a new position in shares of Phillips 66 during the 2nd quarter worth approximately $26,000. nVerses Capital LLC bought a new position in shares of Phillips 66 during the 3rd quarter worth approximately $26,000. Values First Advisors Inc. acquired a new stake in Phillips 66 during the 3rd quarter valued at $30,000. Finally, Bank & Trust Co acquired a new stake in Phillips 66 during the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Performance

NYSE PSX opened at $129.92 on Thursday. Phillips 66 has a 52-week low of $111.90 and a 52-week high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The company has a market capitalization of $53.66 billion, a P/E ratio of 16.68, a P/E/G ratio of 4.18 and a beta of 1.33. The company has a fifty day moving average of $129.73 and a 200-day moving average of $136.04.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.41. The business had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.63 earnings per share. As a group, equities research analysts predict that Phillips 66 will post 7.63 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Monday, November 18th. Phillips 66’s dividend payout ratio is currently 59.05%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PSX shares. Scotiabank dropped their price target on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Mizuho decreased their price objective on Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. TD Cowen reduced their target price on Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Barclays reduced their target price on Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Morgan Stanley reduced their target price on Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.69.

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.