Chatham Capital Group Inc. increased its position in Phillips 66 (NYSE:PSX) by 6.2% during the first quarter, Holdings Channel reports. The firm owned 65,618 shares of the oil and gas company’s stock after buying an additional 3,815 shares during the period. Phillips 66 accounts for 1.5% of Chatham Capital Group Inc.’s portfolio, making the stock its 21st largest position. Chatham Capital Group Inc.’s holdings in Phillips 66 were worth $5,202,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of Phillips 66 by 2.5% in the first quarter. Wells Fargo & Company MN now owns 8,350,941 shares of the oil and gas company’s stock worth $661,561,000 after buying an additional 205,952 shares during the period. Norges Bank bought a new position in shares of Phillips 66 during the fourth quarter worth about $465,132,000. Aristotle Capital Management LLC boosted its position in shares of Phillips 66 by 1.8% in the fourth quarter. Aristotle Capital Management LLC now owns 3,137,347 shares of the oil and gas company’s stock worth $271,098,000 after buying an additional 53,997 shares during the period. Swiss National Bank boosted its position in shares of Phillips 66 by 26.7% in the first quarter. Swiss National Bank now owns 1,661,114 shares of the oil and gas company’s stock worth $131,593,000 after buying an additional 350,100 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Phillips 66 by 5.3% in the first quarter. UBS Asset Management Americas Inc. now owns 1,470,112 shares of the oil and gas company’s stock worth $116,462,000 after buying an additional 73,882 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.
Shares of Phillips 66 (PSX) opened at 82.60 on Monday. Phillips 66 has a 12 month low of $73.82 and a 12 month high of $88.87. The company has a 50-day moving average price of $78.80 and a 200-day moving average price of $80.27. The firm has a market cap of $42.63 billion, a price-to-earnings ratio of 25.63 and a beta of 1.23.
Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, April 28th. The oil and gas company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.03 by $0.53. The company had revenue of $23.71 billion for the quarter, compared to analyst estimates of $22.30 billion. Phillips 66 had a return on equity of 5.98% and a net margin of 1.86%. During the same quarter in the prior year, the company earned $0.67 EPS. Analysts forecast that Phillips 66 will post $4.31 earnings per share for the current fiscal year.
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A number of equities analysts have issued reports on PSX shares. TheStreet upgraded Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, April 28th. Citigroup Inc. reaffirmed a “neutral” rating and set a $83.00 price target (down previously from $84.00) on shares of Phillips 66 in a research report on Saturday, April 22nd. Jefferies Group LLC set a $74.00 price target on Phillips 66 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. US Capital Advisors reaffirmed a “buy” rating on shares of Phillips 66 in a research report on Monday, May 22nd. Finally, Scotiabank set a $86.00 price target on Phillips 66 and gave the stock a “hold” rating in a research report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Phillips 66 has an average rating of “Hold” and an average price target of $84.86.
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 through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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