Barclays Bank Plc has recently announced that it has increased stake in Phillips 66 (NYSE:PSX) by 4.54%. After grabbing 6.25 million shares, the institutional investor is now in possession of 0.27 million shares of the Energy Company. The new investment brought the stake of investor firm to 1.42% having worth around $831.49 million. Moreover, Northern Trust Investments, Inc. increased its share by 0.24 million to have a control over 4.52 million shares.
Phillips 66 (PSX) concluded trading on Thursday at a closing price of $137.65, with 3.17 million shares of worth about $435.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.60% during that period and on Thursday, January 25 the price saw a gain of about 2.98%. Currently the company’s common shares owned by public are about 465.84M shares, out of which, 439.01M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 47 times over the past 12 months. They bought 491,114 shares in 29 of the transactions. In 18 selling transactions, insiders dumped 392,619 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and SPDR Series – Energy Select Secto are the top 3 mutual funds which are holding stakes in Phillips 66 Vanguard Total Stock Market ETF is currently holding 13.82 million shares of worth totaling $1.84 billion. The company recently came selling -0.14 million shares which brought its stake up to 3.14% of the company’s outstanding shares. Vanguard 500 Index Fund sold -0.11 million shares, after which its hold over company’s outstanding shares shrunk to 2.44%, leaving 10.74 million shares with the mutual fund that have a worth of about $1.43 billion. SPDR Series – Energy Select Secto, after buying 10.68 million shares, have now control over 2.43% of the stake in the company. It holds 42364.0 shares of worth $1.42 billion.
However, the stock later moved at a day high price of 137.68, or with a gain of 2.98%. Stock saw a price change of 7.82% in past 5 days and over the past one month there was a price change of 2.68%. Year-to-date (YTD), PSX shares are showing a performance of 3.39% which increased to 28.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $89.74 but also hit the highest price of $138.06 during that period. The average intraday trading volume for Phillips 66 shares is 3.16 million. The stock is currently trading 4.06% above its 20-day simple moving average (SMA20), while that difference is up 8.21% for SMA50 and it goes to 23.29% higher than SMA200.
Barclays Bank Plc acquired 6.25 million shares of Phillips 66 having value of about $831.49 million. Data submitted at the U.S SEC by Barclays Bank Plc revealed that the firm now holds 0.27 million shares in the company valued at close to $37346785.05, or have control over 4.54% stake in the company. Phillips 66 (NYSE: PSX) currently have 465.84M outstanding shares and institutions hold larger chunk of about 73.78% of that. Holding of mutual funds in the company is about 35.95% while other institutional holders and individual stake holders have control over 38.37% and 10.75% of the stake respectively.
The stock has a current market capitalization of $60.56B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 8.30, while it has posted earnings per share of $16.58 in the same period. It has Quick Ratio of 0.96 while making debt-to-equity ratio of 0.63. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PSX, volatility over the week remained 1.74% while standing at 1.79% over the month.
Analysts are in expectations that Phillips 66 (PSX) stock would likely to be making an EPS of $2.34 in the current quarter, while forecast for next quarter EPS is $2.68 and it is $13.01 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.07 which is $2.53 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -19.56% while it is estimated to decrease by -12.77% in next year. EPS is likely to shrink at an annualized rate of -11.10% for next 5-years, compared to annual growth of 18.76% made by the stock over the past 5-years.
