Cohen & Steers Inc. acquired a new position in Phillips 66 (NYSE:PSX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 51,376 shares of the oil and gas company’s stock, valued at approximately $4,426,000.

A number of other institutional investors have also made changes to their positions in PSX. Torray LLC increased its holdings in shares of Phillips 66 by 0.6% during the 4th quarter. Torray LLC now owns 16,962 shares of the oil and gas company’s stock valued at $1,461,000 after acquiring an additional 106 shares during the last quarter. Pflug Koory LLC increased its holdings in shares of Phillips 66 by 3.2% during the 4th quarter. Pflug Koory LLC now owns 3,584 shares of the oil and gas company’s stock valued at $309,000 after acquiring an additional 110 shares during the last quarter. Coastline Trust Co increased its holdings in shares of Phillips 66 by 0.7% during the 4th quarter. Coastline Trust Co now owns 16,200 shares of the oil and gas company’s stock valued at $1,395,000 after acquiring an additional 111 shares during the last quarter. Stock Yards Bank & Trust Co. increased its holdings in shares of Phillips 66 by 0.9% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 13,164 shares of the oil and gas company’s stock valued at $1,134,000 after acquiring an additional 115 shares during the last quarter. Finally, Alpha Windward LLC increased its holdings in shares of Phillips 66 by 1.6% during the 4th quarter. Alpha Windward LLC now owns 7,586 shares of the oil and gas company’s stock valued at $654,000 after acquiring an additional 119 shares during the last quarter. 69.30% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:PSX opened at $98.47 on Friday. Phillips 66 has a 1-year low of $78.44 and a 1-year high of $123.97. The company has a market cap of $44.30 billion, a PE ratio of 8.41, a PEG ratio of 1.37 and a beta of 0.94. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, February 8th. The oil and gas company reported $4.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $2.11. Phillips 66 had a return on equity of 21.71% and a net margin of 4.90%. The company had revenue of $29.84 billion for the quarter, compared to analyst estimates of $35.51 billion. During the same quarter last year, the firm earned $1.07 EPS. Research analysts expect that Phillips 66 will post 8.39 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 19th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Friday, February 15th. Phillips 66’s payout ratio is presently 27.33%.

A number of analysts have issued reports on PSX shares. Morgan Stanley lowered their target price on Phillips 66 from $140.00 to $120.00 and set a “hold” rating on the stock in a report on Tuesday, November 20th. Zacks Investment Research raised Phillips 66 from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, November 26th. Tudor Pickering raised Phillips 66 from a “hold” rating to a “buy” rating in a report on Friday, February 8th. ValuEngine lowered Phillips 66 from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. Finally, Jefferies Financial Group raised Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $118.75.

In other news, Chairman Greg C. Garland sold 42,728 shares of Phillips 66 stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $97.61, for a total transaction of $4,170,680.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by company insiders.

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Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks, delivers refined products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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

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