Trust Co. of Vermont grew its holdings in Phillips 66 (NYSE:PSX – Free Report) by 2.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,623 shares of the oil and gas company’s stock after buying an additional 102 shares during the period. Trust Co. of Vermont’s holdings in Phillips 66 were worth $608,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in Phillips 66 during the 1st quarter valued at approximately $25,000. Keener Financial Planning LLC purchased a new stake in shares of Phillips 66 during the first quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Phillips 66 during the second quarter worth approximately $26,000. nVerses Capital LLC acquired a new stake in shares of Phillips 66 during the third quarter worth $26,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Phillips 66 in the 1st quarter valued at $28,000. Institutional investors and hedge funds own 76.93% of the company’s stock.
Insider Transactions at Phillips 66
In related news, CFO Kevin J. Mitchell sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the transaction, the chief financial officer now owns 81,937 shares of the company’s stock, valued at approximately $11,390,062.37. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.22% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on PSX
Phillips 66 Trading Down 0.6 %
Shares of Phillips 66 stock opened at $132.60 on Friday. Phillips 66 has a 1 year low of $107.85 and a 1 year high of $174.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.79. The business has a 50 day moving average price of $133.18 and a 200 day moving average price of $140.63. The company has a market capitalization of $55.50 billion, a P/E ratio of 11.37, a P/E/G ratio of 5.75 and a beta of 1.33.
Phillips 66 (NYSE:PSX – Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.33. The company had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $37.79 billion. Phillips 66 had a return on equity of 16.77% and a net margin of 3.32%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.87 earnings per share. Sell-side analysts anticipate that Phillips 66 will post 7.85 EPS for the current fiscal year.
Phillips 66 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 annualized dividend and a dividend yield of 3.47%. Phillips 66’s dividend payout ratio is currently 39.45%.
Phillips 66 Profile
Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. 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 petroleum products to market; provides terminaling and storage services for crude oil and refined 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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