Roof Eidam & Maycock ADV reduced its stake in shares of Phillips 66 (NYSE:PSX) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,910 shares of the oil and gas company’s stock after selling 223 shares during the period. Roof Eidam & Maycock ADV’s holdings in Phillips 66 were worth $468,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PSX. Winch Advisory Services LLC increased its stake in Phillips 66 by 5,872.7% in the first quarter. Winch Advisory Services LLC now owns 1,314 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 1,292 shares during the last quarter. FTB Advisors Inc. boosted its position in shares of Phillips 66 by 17.3% in the first quarter. FTB Advisors Inc. now owns 1,444 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 213 shares during the period. Barrett Asset Management LLC boosted its position in shares of Phillips 66 by 2.9% in the first quarter. Barrett Asset Management LLC now owns 1,762 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 50 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Phillips 66 by 3.1% in the first quarter. Quadrant Capital Group LLC now owns 2,048 shares of the oil and gas company’s stock valued at $153,000 after buying an additional 61 shares during the period. Finally, Tompkins Financial Corp boosted its position in shares of Phillips 66 by 169.0% in the first quarter. Tompkins Financial Corp now owns 2,093 shares of the oil and gas company’s stock valued at $181,000 after buying an additional 1,315 shares during the period. 69.19% of the stock is owned by institutional investors and hedge funds.

Shares of Phillips 66 (PSX) traded down 0.06% on Friday, hitting $85.60. The stock had a trading volume of 2,087,492 shares. The firm has a 50-day moving average price of $81.91 and a 200-day moving average price of $79.67. Phillips 66 has a 52 week low of $75.14 and a 52 week high of $88.87. The stock has a market capitalization of $43.79 billion, a P/E ratio of 25.60 and a beta of 1.22.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $24.58 billion during the quarter, compared to analyst estimates of $25.14 billion. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. During the same period in the prior year, the business earned $0.94 earnings per share. Equities analysts expect that Phillips 66 will post $4.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a $0.70 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.27%. Phillips 66’s dividend payout ratio (DPR) is presently 83.58%.

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PSX has been the topic of several recent analyst reports. TheStreet upgraded Phillips 66 from a “c” rating to a “b-” rating in a research note on Friday, April 28th. US Capital Advisors reiterated a “buy” rating on shares of Phillips 66 in a research note on Monday, May 22nd. Piper Jaffray Companies reiterated an “overweight” rating and set a $88.00 target price on shares of Phillips 66 in a research note on Thursday, May 25th. Jefferies Group LLC set a $74.00 target price on Phillips 66 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Finally, Scotiabank set a $86.00 target price on Phillips 66 and gave the stock a “hold” rating in a research note on Monday, May 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $83.53.

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 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.

Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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