Phillips 66 (NYSE:PSX) on December 6, 2017 saw a significant decline, closing the day at $98.27, or a decline of $0.68 or (0.69%).Volume levels waned and PSX actually managed a declined which translated to 1.6 million shares changing hands on the day. Phillips 66 has 512.92 million shares outstanding, and in the last trade has seen ATR around 1.5.
West Face Capital Inc. holds 27.71% of its portfolio in PHI, Inc. for 3.01 million shares. US Capital Advisors also issued estimates for Phillips 66's Q3 2018 earnings at $1.89 EPS and FY2018 earnings at $5.80 EPS.
Other equities analysts have also recently issued research reports about the stock. The stock of Phillips 66 (NYSE:PSX) earned "Equal-Weight" rating by Barclays Capital on Wednesday, August 2.
The average 1-year price target for Phillips 66 (PSX) - averaging the work of different analysts - reveals a mean PT of $96.67/share. Jefferies Group reissued a "hold" rating and issued a $78.00 price objective on shares of Phillips 66 in a research report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of "Hold" and an average target price of $93.25.
Wells Fargo & Company MN raised its position in shares of Phillips 66 (NYSE:PSX) by 2.5% during the first quarter, according to its most recent disclosure with the SEC. The company has a market capitalization of $50,266.16, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.52 and a beta of 1.24. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.31 and a quick ratio of 0.86. Phillips 66 has a 52-week low of $75.14 and a 52-week high of $99.35. Norinchukin Bank The stated it has 0.05% of its portfolio in Phillips 66 (NYSE:PSX). The oil and gas company reported $0.56 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.53. Phillips 66 (NYSE:PSX) has risen 0.77% since December 7, 2016 and is uptrending. During the same period in the previous year, the business posted $0.67 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Yorktown Mngmt & invested in 0.16% or 6,100 shares. The ex-dividend date was Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.87%. Last quarter Phillips 66 noted that the spread between where it buys oil and sells gasoline jumped 24%, helping push its per-barrel margin from $8.44 in the second quarter up to $10.49 in the third. Ruffer Llp sold 225,842 shares as the company's stock declined 0.52% while stock markets rallied. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.
In related news, VP Chukwuemeka A. Oyolu sold 1,151 shares of the firm's stock in a transaction on Tuesday, September 19th. The share price has moved forward from its 20 days moving average, trading at a distance of 4.37% and stays 5.72% away from its 50 days moving average. The sale was disclosed in a document filed with the SEC, which is available through this link. The stock decreased 0.04% or $0.04 during the last trading session, reaching $97.53.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. On the opposite side of that transaction from Vanguard Group Inc stood Fmr Llc which added 3.74 million shares to its existing stake, bringing total stake held in PSX to 11.26 million shares. Sii Investments Inc. WI now owns 70,508 shares of the oil and gas company's stock worth $5,588,000 after purchasing an additional 1,638 shares during the period. The Check Capital Management Inc holds 179,173 shares with $14.82 million value, down from 184,161 last quarter. State Street Corp raised its holdings in shares of Phillips 66 by 4.0% during the first quarter. BlackRock Inc. now owns 28,025,035 shares of the oil and gas company's stock valued at $2,317,389,000 after buying an additional 203,138 shares during the period. Russell Investments Group Ltd. now owns 1,608,000 shares of the oil and gas company's stock worth $132,965,000 after acquiring an additional 720,568 shares during the last quarter. Institutional investors own 70.24% of the company's stock.
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