Phillips 66 (NYSE:PSX) Stake Held by Jacobus Wealth Management Inc
01 Août, 2017, 23:41 | Author: Marc Bacque
A number of institutional investors have recently made changes to their positions in PSX. Wells Fargo & Company MN increased its position in Phillips 66 by 2.5% in the first 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 period. Cambridge Trust Co. boosted its stake in Phillips 66 by 9.5% in the second quarter. UBS Asset Management Americas Inc. now owns 1,470,112 shares of the oil and gas company's stock valued at $116,462,000 after buying an additional 73,882 shares during the last quarter. Norges Bank bought a new stake in Phillips 66 during the fourth quarter worth approximately $465,132,000. Aristotle Capital Management LLC increased its stake in Phillips 66 by 1.8% in the fourth quarter.
The counter witnessed a trading volume of 0.68 million shares versus an average volume of 0.29 million shares during last trading session. Teachers Advisors LLC increased its position in Phillips 66 by 5.1% in the fourth quarter. Westside Investment Management has an ownership of 1,418 stocks of the oil and gas firms shares valued at $110,000 after scooping up an extra 1,000 stocks in the previous period. hedge fund investors and investment firms has an ownership of 69.19% of the firms stock.
Mckinley Capital Management LLC Delaware acquired a new stake in shares of Phillips 66 (NYSE:PSX) during the first quarter, according to its most recent filing with the SEC. About 1.46 million shares traded. The stock's 50 Day SMA price is $81.63 and its 200 SMA price is $79.73. Phillips 66 (NYSE:PSX) notched a 12-month high of $87.72 while $103.00 target is by far the most aggressive out of analysts who are now evaluating PSX, $15.28 higher than the next highest 52-week price estimate. The company has a market capitalization of $43.22 billion, a P/E ratio of 25.99 and a beta of 1.22. The oil and gas company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Phillips 66 had a net margin of 1.86% and a return on equity of 5.98%. As of the latest earnings report the EPS was $2.34 and is projected to be $2.90 for the current year with 107,926,000 shares now outstanding. Equities analysts anticipate that Phillips 66 will post $4.00 EPS for the current year.
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Phillips 66 Partners LP Common also declared a dividend for shareholders that will be paid on Friday August 11th, 2017. Stockholders of record on Friday, August 18th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, August 16th. It dived, as 59 investors sold Phillips 66 shares while 382 reduced holdings.
WARNING: This piece was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & global copyright & trademark legislation. The legal version of this report can be viewed at https://baseballnewssource.com/markets/zwj-investment-counsel-inc-has-297000-position-in-phillips-66-nysepsx-updated/1252258.html. For now, PSX is the toast of Wall Street as its ABR stands at 2.60 with 2 out of 19 analysts rating the stock a buy. Royal Bank Of Canada reissued a "hold" rating and set a $87.00 price objective on shares of Phillips 66 in a research note on Thursday, April 20th. Finally, Piper Jaffray Companies reaffirmed an "overweight" rating and issued a $88.00 target price on shares of Phillips 66 in a report on Thursday, May 25th. Finally, Jefferies Group LLC set a $74.00 target price on Phillips 66 and gave the stock a "hold" rating in a research note on Saturday, June 3rd. BidaskClub raised shares of Phillips 66 from a "strong sell" rating to a "sell" rating in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock.
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Following the sale, the chief financial officer now owns 105,467 shares of the company's stock, valued at $2,322,383.34.
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