Parisi Gray Wealth Management lowered its stake in shares of Phillips 66 (NYSE:PSX) by 45.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,205 shares of the oil and gas company’s stock after selling 4,251 shares during the period. Parisi Gray Wealth Management’s holdings in Phillips 66 were worth $442,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Moody National Bank Trust Division increased its position in shares of Phillips 66 by 425.4% during the 4th quarter. Moody National Bank Trust Division now owns 352 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 285 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Phillips 66 during the 4th quarter valued at about $37,000. Proficio Capital Partners LLC increased its position in shares of Phillips 66 by 46.1% during the 4th quarter. Proficio Capital Partners LLC now owns 434 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 137 shares during the last quarter. Truehand Inc purchased a new stake in shares of Phillips 66 during the 4th quarter valued at about $40,000. Finally, Massey Quick Simon & CO. LLC purchased a new stake in shares of Phillips 66 during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 70.02% of the company’s stock.Get Phillips 66 alerts:
Shares of PSX opened at $97.48 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.43. Phillips 66 has a 1 year low of $78.44 and a 1 year high of $123.97. The company has a market cap of $44.90 billion, a price-to-earnings ratio of 8.32, a P/E/G ratio of 1.35 and a beta of 0.94.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, February 8th. The oil and gas company reported $4.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $2.11. Phillips 66 had a net margin of 4.90% and a return on equity of 22.18%. The business had revenue of $29.84 billion during the quarter, compared to analyst estimates of $35.51 billion. During the same period last year, the firm posted $1.07 EPS. Analysts forecast that Phillips 66 will post 8.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 19th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Friday, February 15th. Phillips 66’s dividend payout ratio (DPR) is currently 27.33%.
Several equities research analysts have recently commented on the stock. Argus reduced their price target on shares of Phillips 66 to $116.00 and set a “buy” rating for the company in a research report on Thursday, February 14th. Tudor Pickering raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Piper Jaffray Companies reissued an “overweight” rating on shares of Phillips 66 in a report on Thursday, January 10th. Raymond James reduced their target price on shares of Phillips 66 from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, December 31st. Finally, Jefferies Financial Group raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Phillips 66 currently has a consensus rating of “Hold” and an average target price of $121.08.
In other Phillips 66 news, Chairman Greg C. Garland sold 42,728 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $97.61, for a total transaction of $4,170,680.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.WARNING: “Phillips 66 (PSX) Shares Sold by Parisi Gray Wealth Management” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/4194526/phillips-66-psx-shares-sold-by-parisi-gray-wealth-management.html.
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, 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.
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