Phillips 66 (NYSE:PSX) is expected to pay $0.63 on Dec 1, 2016. The indicated annual dividend is $2.52. Shareholders owning the stock before Nov 15, 2016 will be eligible to receive the payout. Based on Phillips 66’s current price of $82.22, the dividend is 0.77%. This dividend’s record date is Nov 17, 2016 and the announcement date is Oct 7, 2016. The stock decreased 1.05% or $0.87 on November 11, hitting $82.22. Phillips 66 (NYSE:PSX) has declined 4.37% since April 12, 2016 and is downtrending. It has underperformed by 9.36% the S&P500.
Phillips 66 is an energy manufacturing and logistics firm with midstream, chemicals, refining and marketing, and specialties businesses. The company has a market cap of $42.38 billion. The Firm operates its business through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 21.54 P/E ratio. The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.
Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.09, from 0.9 in 2016Q1. The ratio turned negative, as 75 funds sold all Phillips 66 shares owned while 394 reduced positions. 67 funds bought stakes while 314 increased positions. They now own 360.95 million shares or 2.47% less from 370.08 million shares in 2016Q1.
Cwm has 2,142 shares for 0.01% of their US portfolio. Winch Advisory Ser Limited Liability Co owns 21 shares or 0% of their US portfolio. Chatham Grp Inc Inc has invested 1.46% of its portfolio in Phillips 66 (NYSE:PSX). Bridgeway has invested 0.44% of its portfolio in Phillips 66 (NYSE:PSX). Caisse De Depot Et Placement Du Quebec has 0.06% invested in the company for 313,150 shares. Ballentine Prns Limited Co holds 0.02% of its portfolio in Phillips 66 (NYSE:PSX) for 2,549 shares. Virginia Retirement Et Al has 0.04% invested in the company for 31,800 shares. Moreover, Apg Asset Mgmt Nv has 0.21% invested in Phillips 66 (NYSE:PSX) for 1.41 million shares. Cognios Cap Limited Liability holds 2,754 shares or 0.07% of its portfolio. Hsbc Pcl has invested 0.11% of its portfolio in Phillips 66 (NYSE:PSX). Cranbrook Wealth Management Limited Co has 420 shares for 0.02% of their US portfolio. Wilbanks Smith & Thomas Asset Management Ltd Liability Company has 6,191 shares for 0.05% of their US portfolio. Tompkins Corp holds 0.04% of its portfolio in Phillips 66 (NYSE:PSX) for 1,608 shares. Mufg Americas Holdg Corp holds 0.18% or 65,944 shares in its portfolio. Dowling & Yahnke Ltd Limited Liability Company accumulated 0.33% or 35,006 shares.
Insider Transactions: Since May 19, 2016, the stock had 11 insider buys, and 5 insider sales for $386.69 million net activity. On Thursday, September 15 BERKSHIRE HATHAWAY INC bought $1.39M worth of the stock or 17,910 shares. Taylor Timothy Garth had sold 50,000 shares worth $3.90M on Tuesday, June 28. The insider Loomis William R Jr bought $1.00 million. The insider Ziemba Lawrence Michael sold $5.82 million. The insider Garland Greg C. sold 62,500 shares worth $5.00M. Johnson Paula Ann had sold 40,141 shares worth $3.19 million on Wednesday, June 29. Herman Robert A sold $345,686 worth of stock.
Phillips 66 (NYSE:PSX) Ratings Coverage
Out of 15 analysts covering Phillips 66 (NYSE:PSX), 1 rate it a “Buy”, 0 “Sell”, while 14 “Hold”. This means 7% are positive. Phillips 66 has been the topic of 28 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Sell” rating given by Goldman Sachs on Monday, November 23. The stock has “Overweight” rating given by Barclays Capital on Monday, November 2. Piper Jaffray maintained it with “Neutral” rating and $74 target price in Monday, August 22 report. Credit Suisse downgraded Phillips 66 (NYSE:PSX) rating on Monday, November 2. Credit Suisse has “Neutral” rating and $105 price target. The firm earned “Neutral” rating on Friday, September 30 by Goldman Sachs. The rating was downgraded by Howard Weil on Monday, July 11 to “Sector Perform”. The stock of Phillips 66 (NYSE:PSX) has “Equal-Weight” rating given on Wednesday, July 13 by Barclays Capital. Jefferies initiated the stock with “Hold” rating in Tuesday, August 23 report. The stock of Phillips 66 (NYSE:PSX) has “Sector Perform” rating given on Monday, November 2 by RBC Capital Markets. maintained Phillips 66 (NYSE:PSX) on Monday, October 10 with “Equal-Weight” rating.
More notable recent Phillips 66 (NYSE:PSX) news were published by: Fool.com which released: “Better Buy: Suncor Energy Inc. vs. Phillips 66” on November 01, 2016, also Wsj.com with their article: “Phillips 66 Posts Revenue and Profit Decline” published on October 28, 2016, Bizjournals.com published: “Houston’s Phillips 66 cuts 2016 spending expectations” on October 28, 2016. More interesting news about Phillips 66 (NYSE:PSX) were released by: Fool.com and their article: “Phillips 66’s Earnings: The Best They Could Be in a Tougher Refining Market” published on October 31, 2016 as well as Finance.Yahoo.com‘s news article titled: “Phillips 66 (PSX) Q3 Earnings Beat, Revenues Miss Estimates” with publication date: October 28, 2016.
PSX Company Profile
Phillips 66, incorporated on November 10, 2011, is an energy manufacturing and logistics firm with midstream, chemicals, refining and marketing, and specialties businesses. The Firm operates its business through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S).
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