Phillips 66 (NYSE:PSX) Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC lifted its position in shares of Phillips 66 (NYSE:PSX) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,359 shares of the oil and gas company’s stock after acquiring an additional 8,093 shares during the period. Calamos Advisors LLC’s holdings in Phillips 66 were worth $8,024,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PSX. Kessler Investment Group LLC acquired a new stake in Phillips 66 in the third quarter worth $69,000. Baxter Bros Inc. increased its position in Phillips 66 by 16.8% in the third quarter. Baxter Bros Inc. now owns 15,575 shares of the oil and gas company’s stock worth $1,595,000 after buying an additional 2,241 shares during the period. Brinker Capital Inc. increased its position in Phillips 66 by 10.3% in the third quarter. Brinker Capital Inc. now owns 57,712 shares of the oil and gas company’s stock worth $5,910,000 after buying an additional 5,382 shares during the period. SPC Financial Inc. increased its position in Phillips 66 by 5.8% in the third quarter. SPC Financial Inc. now owns 5,000 shares of the oil and gas company’s stock worth $512,000 after buying an additional 275 shares during the period. Finally, Bailard Inc. increased its position in Phillips 66 by 5.0% in the third quarter. Bailard Inc. now owns 16,211 shares of the oil and gas company’s stock worth $1,660,000 after buying an additional 769 shares during the period. 68.74% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Robert A. Herman sold 47,433 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $103.17, for a total transaction of $4,893,662.61. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

PSX has been the topic of several analyst reports. ValuEngine raised Phillips 66 from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James increased their target price on Phillips 66 from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Scotiabank initiated coverage on Phillips 66 in a research report on Tuesday, September 3rd. They issued an “outperform” rating on the stock. Cowen raised their price target on Phillips 66 from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Wells Fargo & Co raised their price target on Phillips 66 from $130.00 to $132.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $114.80.

Shares of PSX opened at $108.77 on Wednesday. The firm has a market capitalization of $48.96 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 1.28. Phillips 66 has a one year low of $78.44 and a one year high of $109.83. The stock’s fifty day moving average is $103.37 and its 200-day moving average is $96.02.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, July 26th. The oil and gas company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.32. The company had revenue of $28.52 billion for the quarter, compared to analyst estimates of $29.89 billion. Phillips 66 had a return on equity of 19.75% and a net margin of 4.76%. During the same period last year, the company earned $2.80 earnings per share. Analysts forecast that Phillips 66 will post 7.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, November 15th. Phillips 66’s dividend payout ratio (DPR) is 30.74%.

Phillips 66 Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market; provides terminaling and storage services for crude oil and 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.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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