Estabrook Capital Management maintained its stake in shares of Phillips 66 (NYSE:PSX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,988 shares of the oil and gas company’s stock at the close of the 2nd quarter. Estabrook Capital Management’s holdings in Phillips 66 were worth $330,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Phillips 66 by 2.5% in the first quarter. Vanguard Group Inc. now owns 31,695,502 shares of the oil and gas company’s stock worth $2,510,918,000 after acquiring an additional 780,469 shares during the last quarter. BlackRock Inc. grew its stake in shares of Phillips 66 by 2,329.3% in the first quarter. BlackRock Inc. now owns 27,821,897 shares of the oil and gas company’s stock worth $2,204,052,000 after acquiring an additional 26,676,647 shares during the last quarter. State Street Corp grew its stake in shares of Phillips 66 by 4.0% in the first quarter. State Street Corp now owns 24,085,903 shares of the oil and gas company’s stock worth $1,908,079,000 after acquiring an additional 921,895 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Phillips 66 by 4.3% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,349,815 shares of the oil and gas company’s stock worth $1,136,792,000 after acquiring an additional 585,176 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Phillips 66 by 0.9% in the second quarter. Wells Fargo & Company MN now owns 8,422,039 shares of the oil and gas company’s stock worth $696,418,000 after acquiring an additional 71,098 shares during the last quarter. Institutional investors and hedge funds own 69.54% of the company’s stock.

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PSX has been the topic of several research analyst reports. BidaskClub downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Scotiabank set a $86.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Howard Weil upgraded shares of Phillips 66 from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $86.00 to $98.00 in a research note on Thursday, September 28th. Finally, Goldman Sachs Group, Inc. (The) raised Phillips 66 from a “neutral” rating to a “buy” rating and raised their target price for the stock from $88.00 to $109.00 in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Phillips 66 has an average rating of “Hold” and an average target price of $89.30.

In other news, VP Chukwuemeka A. Oyolu sold 1,151 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $89.08, for a total transaction of $102,531.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Phillips 66 (NYSE:PSX) opened at 92.82 on Monday. The company has a 50-day moving average price of $87.13 and a 200 day moving average price of $81.80. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $94.69. The company has a market capitalization of $47.48 billion, a PE ratio of 27.77 and a beta of 1.19.

Phillips 66 (NYSE:PSX) last released its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. The company had revenue of $24.58 billion for 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 firm posted $0.94 EPS. On average, equities research analysts forecast that Phillips 66 will post $4.33 EPS for the current fiscal year.

Phillips 66 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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