Driving To Deliver Your Business

Berkshire Hathaway Inc Purchases 1,645,887 Shares of Phillips 66 …

Berkshire Hathaway Inc Purchases 1,645,887 Shares Of Phillips 66 ...Phillips 66 (NYSE:PSX) major shareholder Berkshire Hathaway Inc purchased 1,645,887 shares of the business s stock in a transaction that occurred on Thursday, January 7th. The stock was bought at an average cost of $76.63 per share, with a total value of $126,124,320.81. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink[1]. Large shareholders that own 10% or more of a company s shares are required to disclose their sales and purchases with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

  • On Friday, January 8th, Berkshire Hathaway Inc purchased 1,741,210 shares of Phillips 66 stock. The shares were acquired at an average cost of $76.01 per share, for a total transaction of $132,349,372.10.
  • On Wednesday, January 6th, Berkshire Hathaway Inc purchased 759,295 shares of Phillips 66 stock. The shares were acquired at an average cost of $78.34 per share, for a total transaction of $59,483,170.30.
  • On Tuesday, January 5th, Berkshire Hathaway Inc purchased 12,491 shares of Phillips 66 stock. The shares were acquired at an average cost of $80.18 per share, for a total transaction of $1,001,528.38.
  • On Monday, January 4th, Berkshire Hathaway Inc purchased 35,781 shares of Phillips 66 stock. The shares were acquired at an average cost of $79.47 per share, for a total transaction of $2,843,516.07.

Today s Trading

Shares of Phillips 66 (NYSE:PSX[2]) opened at 77.82 on Wednesday. The company s 50 day moving average price is $84.08 and its 200 day moving average price is $82.58. The firm has a market capitalization of $41.51 billion and a P/E ratio of 9.09. Phillips 66 has a one year low of $57.33 and a one year high of $94.12. Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, October 30th. The company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.24 by $0.78. During the same period last year, the business earned $2.02 EPS. On average, analysts expect that Phillips 66 will post $7.71 EPS for the current fiscal year.

SEC Filings

A number of hedge funds and institutional investors recently modified their holdings of the company. Kistler-Tiffany Companies increased its position in shares of Phillips 66 by 3.1% in the fourth quarter. Kistler-Tiffany Companies now owns 1,445 shares of the company s stock worth $118,000 after buying an additional 44 shares during the last quarter. Amarillo National Bank bought a new position in shares of Phillips 66 during the fourth quarter worth approximately $203,000. Union Bankshares increased its position in shares of Phillips 66 by 1.1% in the fourth quarter. Union Bankshares now owns 4,227 shares of the company s stock worth $346,000 after buying an additional 47 shares during the last quarter. Detwiler Fenton Investment Management bought a new position in shares of Phillips 66 during the fourth quarter worth approximately $357,000. Finally, Natixis Asset Management increased its position in shares of Phillips 66 by 1.3% in the third quarter. Natixis Asset Management now owns 5,573 shares of the company s stock worth $428,000 after buying an additional 69 shares during the last quarter.

Analyst Ratings

Several analysts have recently issued reports on PSX shares. Vetr[3] raised shares of Phillips 66 from a buy rating to a strong-buy rating and set a $84.76 price target on the stock in a research report on Monday, September 28th. Deutsche Bank lowered shares of Phillips 66 from a buy rating to a hold rating in a research note on Wednesday, October 7th. Citigroup Inc. restated a buy rating and set a $88.00 target price on shares of Phillips 66 in a research note on Thursday, October 22nd. Barclays restated a buy rating and set a $104.00 target price on shares of Phillips 66 in a research note on Monday, October 12th. Finally, Oppenheimer restated an outperform rating and set a $95.00 target price on shares of Phillips 66 in a research note on Thursday, September 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $89.48.

Phillips 66 Company Profile

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing and specialties businesses. The Company operates its business through four segments: midstream, chemicals, refining and marketing and specialties. It gathers, processes, transports and markets natural gas, and transports, fractionates and markets natural gas liquids (NYSE:PSX[4]) in the United States. The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). The refining segment buys, sells and refines crude oil and other feedstocks into petroleum products (such as gasolines, distillates and aviation fuels) at 14 refineries, mainly in the United States and Europe. The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe. document.write( Berkshire Hathaway Inc Purchases 1,645,887 Shares Of Phillips 66 ... );

Receive News & Ratings for Phillips 66 Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Phillips 66 and related companies with MarketBeat.com’s FREE daily email newsletter[5].

References

  1. ^ this hyperlink (www.sec.gov)
  2. ^ NYSE:PSX (www.marketbeat.com)
  3. ^ Vetr (www.vetr.com)
  4. ^ NYSE:PSX (www.marketbeat.com)
  5. ^ MarketBeat.com’s FREE daily email newsletter (zolmax.com)



Leave a Reply

Your email address will not be published. Required fields are marked *


*