Pacer Advisors Inc. Has $4.93 Million Stake in Phillips 66 (NYSE:PSX)

Pacer Advisors Inc. raised its position in Phillips 66 (NYSE:PSX) by 20.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 48,148 shares of the oil and gas company’s stock after purchasing an additional 8,060 shares during the period. Pacer Advisors Inc.’s holdings in Phillips 66 were worth $4,930,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Montecito Bank & Trust increased its stake in shares of Phillips 66 by 4.1% in the 2nd quarter. Montecito Bank & Trust now owns 2,679 shares of the oil and gas company’s stock valued at $250,000 after acquiring an additional 105 shares in the last quarter. AGF Investments LLC increased its stake in shares of Phillips 66 by 30.5% in the 2nd quarter. AGF Investments LLC now owns 458 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 107 shares in the last quarter. Certified Advisory Corp increased its stake in shares of Phillips 66 by 17.5% in the 2nd quarter. Certified Advisory Corp now owns 738 shares of the oil and gas company’s stock valued at $69,000 after acquiring an additional 110 shares in the last quarter. First National Bank of Hutchinson increased its stake in shares of Phillips 66 by 2.8% in the 2nd quarter. First National Bank of Hutchinson now owns 4,128 shares of the oil and gas company’s stock valued at $424,000 after acquiring an additional 112 shares in the last quarter. Finally, Securian Asset Management Inc increased its stake in shares of Phillips 66 by 0.3% in the 2nd quarter. Securian Asset Management Inc now owns 43,029 shares of the oil and gas company’s stock valued at $4,025,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 68.71% of the company’s stock.

In other news, EVP Robert A. Herman sold 47,433 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $103.17, for a total value of $4,893,662.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

NYSE PSX opened at $106.53 on Friday. Phillips 66 has a 1 year low of $78.44 and a 1 year high of $111.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.28 and a quick ratio of 0.82. The firm has a market cap of $46.07 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 2.07 and a beta of 1.07. The company has a fifty day moving average price of $101.09 and a 200-day moving average price of $95.38.

Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, July 26th. The oil and gas company reported $3.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.32. Phillips 66 had a net margin of 4.76% and a return on equity of 19.75%. The firm had revenue of $28.52 billion during the quarter, compared to analyst estimates of $29.89 billion. During the same quarter in the prior year, the business posted $2.80 EPS. On average, research analysts anticipate that Phillips 66 will post 7.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $0.90 dividend. The ex-dividend date is Friday, November 15th. This represents a $3.60 annualized dividend and a dividend yield of 3.38%. Phillips 66’s payout ratio is 30.74%.

PSX has been the subject of several research analyst reports. Scotiabank initiated coverage on shares of Phillips 66 in a research note on Tuesday, September 3rd. They issued an “outperform” rating for the company. Macquarie initiated coverage on shares of Phillips 66 in a research note on Thursday, September 5th. They set an “outperform” rating for the company. Cowen boosted their price target on shares of Phillips 66 from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Citigroup upgraded shares of Phillips 66 from a “neutral” rating to a “buy” rating in a research note on Friday, June 21st. Finally, ValuEngine upgraded shares of Phillips 66 from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $113.80.

Phillips 66 Company 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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