Email Use Example: Hudson Valley Investment Advisors Inc. ADV Has $1.76 Million Holdings in Phillips 66 (PSX)
Posted by ABMN Staff on Jan 18th, 2019 // No Comments
Hudson Valley Investment Advisors Inc. ADV raised its holdings in shares of Phillips 66 (NYSE:PSX) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,406 shares of the oil and gas company’s stock after purchasing an additional 3,539 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Phillips 66 were worth $1,758,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSX. BlackRock Inc. increased its holdings in Phillips 66 by 13.6% in the 3rd quarter. BlackRock Inc. now owns 33,103,803 shares of the oil and gas company’s stock valued at $3,731,461,000 after purchasing an additional 3,956,900 shares during the last quarter.
Vanguard Group Inc increased its stake in Phillips 66 by 2.8% in the third quarter. Vanguard Group Inc now owns 32,998,567 shares of the oil and gas company’s stock valued at $3,719,598,000 after purchasing an additional 885,979 shares during the period. FMR LLC increased its stake in shares of Phillips 66 by 9.
0% during the second quarter. FMR LLC now owns 14,400,087 shares of the oil and gas company’s stock worth $1,617,273,000 after acquiring an additional 1,188,567 shares during the period. Wells Fargo & Company MN increased its stake in shares of Phillips 66 by 0.5% during the third quarter. Wells Fargo & Company MN now owns 8,468,401 shares of the oil and gas company’s stock worth $954,557,000 after acquiring an additional 39,493 shares during the period.
Finally, Bank of New York Mellon Corp boosted its holdings in Phillips 66 by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 6,429,513 shares of the oil and gas company’s stock worth $724,735,000 after buying an additional 36,370 shares in the last quarter. 69.18% of the stock is currently owned by hedge funds and other institutional investors. Get Phillips 66 alerts:
Shares of NYSE PSX opened at $93.42 on Friday.
Phillips 66 has a one year low of $78.44 and a one year high of $123.
97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 1.28.
The firm has a market cap of $42.
88 billion, a PE ratio of 21.33, a PEG ratio of 1.24 and a beta of 0.91.
Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, October 26th. The oil and gas company reported $3.
10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.60.
The business had revenue of $30.59 billion for the quarter, compared to analyst estimates of $28.50 billion.
Phillips 66 had a return on equity of 14.97% and a net margin of 5.72%. During the same period in the prior year, the company earned $1.66 EPS. As a group, research analysts expect that Phillips 66 will post 9.
28 EPS for the current fiscal year.
Several brokerages recently commented on PSX.
Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Phillips 66 in a research report on Thursday, January 10th. Raymond James reduced their price target on shares of Phillips 66 from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, December 31st. Jefferies Financial Group raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research cut shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. Finally, ValuEngine cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock.
Phillips 66 presently has an average rating of “Hold” and a consensus price target of $121.87.
In other news, Director J Brian Ferguson purchased 21,500 shares of the company’s stock in a transaction dated Tuesday, November 20th. The shares were purchased at an average cost of $92.31 per share, for a total transaction of $1,984,665.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . 0.
56% of the stock is currently owned by corporate insiders.
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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, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. Receive News & Ratings for Phillips 66 analysts’ ratings for Phillips 66 and related companies daily email newsletter . «. […]