Company shares last traded at $89.09 a tad above the 50 day moving average of $84.43 and which is significantly higher than the 200 day moving average of $80.63. The 50 day moving average went up by +5.52% whereas the 200 day moving average was up $8.46 or +10.49%. Trading volume for Phillips 66 was 1,928K on Wednesday. Overall, volume was down 23.80% under the stocks normal daily volume.
Traders are more bullish recently if you consider the downtick in short interest. The company realized a fall in short interest of -8.08% as of August 31, 2017 from the last reporting period. Short interest decreased 675,770 over that period. The days to cover decreased to 4.0 and the percentage of shorted shares was 0.01% on August 31.
A few notable investment firms have updated their holdings. Gwm Advisors LLC expanded its stake by buying 3,382 shares an increase of 17.9% in the quarter. Gwm Advisors LLC now controls 22,301 shares valued at $1,838,915,000. The value of the position overall is up by 125,252.1%. Koshinski Asset Management, Inc. added to its holdings by buying 1,693 shares an increase of 64.1% as of 06/30/2017. Koshinski Asset Management, Inc. now holds 4,333 shares worth $358,302,000. The total value of its holdings increased 171,336.4%.
Next Financial Group, Inc bolstered its investment by buying 443 shares an increase of 11.9% from 03/31/2017 to 06/30/2017. Next Financial Group, Inc claims 4,177 shares with a value of $345,000,000. The total value of its holdings increased 116,061.6%. Hikari Power Ltd augmented its ownership by buying 11,400 shares an increase of 5.6%. Hikari Power Ltd owns 215,700 shares valued at $17,836,000. The total value of its holdings increased 10.2%.
August 2 investment analysts at Barclays made no change to the stock rating of “Equal-Weight” but raised the price target from $84.00 to $89.00.
The company is up since yesterday’s close of 88.31. The company declared a dividend for shareholders that was paid on Friday the 1st of September 2017. The dividend was $0.700 per share for the quarter which comes to $2.80 on an annualized basis. This dividend represents a yield of $3.19. The ex-dividend date was set for Wednesday the 16th of August 2017.
Phillips 66 currently has a P/E ratio of 26.66 and the market value is 45.57B. In the latest earnings report the EPS was $3.34 and is expected to be $4.20 for the current year with 511,510,000 shares currently outstanding. Next quarter’s EPS is estimated at $1.05 and the next full year EPS is projected to be $5.84.
Phillips 66, launched on November 10, 2011, is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States. The Chemicals segment consists of its equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics. The Refining segment buys, sells and refines crude oil and other feedstocks at refineries, primarily in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, such as gasolines, distillates and aviation fuels, primarily in the United States and Europe, as well as includes the manufacturing and marketing of specialty products, and power generation operations..