Wisconsin Capital Management LLC raised its position in Phillips 66 (NYSE:PSX) by 5.6% in the first quarter, Holdings Channel reports. The institutional investor owned 19,000 shares of the oil and gas company’s stock after purchasing an additional 1,000 shares during the period. Wisconsin Capital Management LLC’s holdings in Phillips 66 were worth $1,808,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PSX. Vanguard Group Inc raised its position in shares of Phillips 66 by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 32,998,567 shares of the oil and gas company’s stock worth $3,719,598,000 after purchasing an additional 885,979 shares during the last quarter. Buckingham Capital Management Inc. raised its position in shares of Phillips 66 by 3.9% during the 4th quarter. Buckingham Capital Management Inc. now owns 36,085 shares of the oil and gas company’s stock worth $3,109,000 after purchasing an additional 1,338 shares during the last quarter. Chicago Equity Partners LLC raised its position in shares of Phillips 66 by 7.3% during the 4th quarter. Chicago Equity Partners LLC now owns 7,220 shares of the oil and gas company’s stock worth $622,000 after purchasing an additional 490 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Phillips 66 by 15.3% during the 4th quarter. Victory Capital Management Inc. now owns 279,784 shares of the oil and gas company’s stock worth $24,103,000 after purchasing an additional 37,114 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Phillips 66 by 3,775.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,647,103 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 4,527,183 shares during the last quarter. 70.12% of the stock is owned by institutional investors.

Several research analysts have weighed in on PSX shares. Citigroup boosted their price target on Phillips 66 from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Jefferies Financial Group downgraded Phillips 66 from a “buy” rating to a “hold” rating and boosted their price target for the company from $105.00 to $107.00 in a report on Monday, April 15th. ValuEngine downgraded Phillips 66 from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Bank of America upgraded Phillips 66 from a “neutral” rating to a “buy” rating and set a $126.00 price target for the company in a report on Monday, April 29th. They noted that the move was a valuation call. Finally, Morgan Stanley cut their price target on Phillips 66 from $115.00 to $105.00 and set an “equal weight” rating for the company in a report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $118.73.

PSX traded up $0.35 during trading on Friday, hitting $85.59. The company’s stock had a trading volume of 1,830,547 shares, compared to its average volume of 2,613,372. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 1.31. The company has a market capitalization of $38.82 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. Phillips 66 has a twelve month low of $78.44 and a twelve month high of $123.97.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The company had revenue of $23.66 billion during the quarter, compared to the consensus estimate of $24.66 billion. Phillips 66 had a return on equity of 19.96% and a net margin of 4.63%. During the same period in the previous year, the firm posted $1.04 EPS. As a group, equities research analysts forecast that Phillips 66 will post 7.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.21%. This is an increase from Phillips 66’s previous quarterly dividend of $0.80. The ex-dividend date was Friday, May 17th. Phillips 66’s dividend payout ratio is presently 30.74%.

In other news, Director John E. Lowe acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average cost of $82.91 per share, for a total transaction of $165,820.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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Phillips 66 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; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; 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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