Savant Capital LLC increased its stake in shares of Phillips 66 (NYSE:PSX) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,508 shares of the company’s stock after buying an additional 413 shares during the period. Savant Capital LLC’s holdings in Phillips 66 were worth $516,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cribstone Capital Management LLC acquired a new stake in Phillips 66 during the second quarter worth $114,000. Trust Co. of Vermont increased its stake in Phillips 66 by 5.7% in the second quarter. Trust Co. of Vermont now owns 1,926 shares of the company’s stock worth $153,000 after buying an additional 103 shares during the period. Financial Architects Inc increased its stake in Phillips 66 by 417.0% in the second quarter. Financial Architects Inc now owns 2,011 shares of the company’s stock worth $160,000 after buying an additional 1,622 shares during the period. CWM LLC increased its stake in Phillips 66 by 52.7% in the second quarter. CWM LLC now owns 2,142 shares of the company’s stock worth $170,000 after buying an additional 739 shares during the period. Finally, Daiwa SB Investments Ltd. increased its stake in Phillips 66 by 8.6% in the second quarter. Daiwa SB Investments Ltd. now owns 2,400 shares of the company’s stock worth $191,000 after buying an additional 190 shares during the period. Institutional investors own 69.98% of the company’s stock.
Phillips 66 (NYSE:PSX) traded up 1.59% during trading on Wednesday, reaching $81.09. The company had a trading volume of 2,358,077 shares. Phillips 66 has a 52-week low of $71.74 and a 52-week high of $94.12. The company has a 50-day moving average price of $78.95 and a 200 day moving average price of $80.20. The stock has a market cap of $42.40 billion, a PE ratio of 14.04 and a beta of 1.37.
Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, July 29th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. Phillips 66 had a return on equity of 13.44% and a net margin of 3.51%. During the same period in the previous year, the company posted $1.83 EPS. On average, analysts anticipate that Phillips 66 will post $3.40 earnings per share for the current year.
A number of research firms recently weighed in on PSX. Goldman Sachs Group Inc. upgraded Phillips 66 from a “sell” rating to a “neutral” rating and lifted their price target for the company from $74.00 to $85.00 in a research note on Thursday, September 29th. Zacks Investment Research upgraded Phillips 66 from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Vetr upgraded Phillips 66 from a “buy” rating to a “strong-buy” rating and set a $94.28 price target on the stock in a research note on Tuesday, September 27th. Piper Jaffray Cos. lifted their price target on Phillips 66 from $74.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, September 16th. Finally, TheStreet upgraded Phillips 66 from a “hold” rating to a “buy” rating in a research note on Monday, August 29th. Fourteen research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Phillips 66 has a consensus rating of “Hold” and a consensus price target of $86.23.
In other Phillips 66 news, major shareholder Berkshire Hathaway Inc bought 17,910 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were purchased at an average cost of $77.52 per share, for a total transaction of $1,388,383.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.
Phillips 66 Company Profile
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing, and specialties businesses. The Company operates its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.
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