Virtu Financial LLC Purchases New Position in Phillips 66 (NYSE:PSX)
Virtu Financial LLC purchased a new position in Phillips 66 (NYSE:PSX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,135 shares of the oil and gas company’s stock, valued at approximately $1,733,000.
A number of other institutional investors have also bought and sold shares of PSX. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Phillips 66 during the 4th quarter valued at $102,000. First Dallas Securities Inc. acquired a new stake in shares of Phillips 66 during the 4th quarter valued at $143,000. FTB Advisors Inc. boosted its stake in shares of Phillips 66 by 112.9% during the 3rd quarter. FTB Advisors Inc. now owns 1,471 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 780 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Phillips 66 in the 2nd quarter valued at $127,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Phillips 66 in the 3rd quarter valued at $141,000. Hedge funds and other institutional investors own 77.87% of the company’s stock.
Shares of Phillips 66 (NYSE:PSX) opened at $94.46 on Friday. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $107.47. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. The company has a market cap of $47,350.00, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, February 16th. Phillips 66’s dividend payout ratio is 61.00%.
PSX has been the subject of several analyst reports. Vetr lowered shares of Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 price objective for the company. in a research note on Tuesday, November 21st. US Capital Advisors downgraded shares of Phillips 66 from an “overweight” rating to a “hold” rating in a report on Monday, December 4th. Goldman Sachs Group upgraded shares of Phillips 66 to a “buy” rating in a report on Monday, December 18th. Royal Bank of Canada restated a “hold” rating and set a $102.00 price objective on shares of Phillips 66 in a report on Wednesday, December 20th. Finally, Credit Suisse Group began coverage on shares of Phillips 66 in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $108.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $103.46.
About Phillips 66
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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