Bowling Portfolio Management LLC lessened its holdings in Phillips 66 (NYSE:PSX) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,293 shares of the oil and gas company’s stock after selling 667 shares during the quarter. Bowling Portfolio Management LLC’s holdings in Phillips 66 were worth $1,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Fruth Investment Management increased its position in shares of Phillips 66 by 1.2% in the second quarter. Fruth Investment Management now owns 13,600 shares of the oil and gas company’s stock valued at $977,000 after acquiring an additional 167 shares during the period. Wealth Alliance Advisory Group LLC increased its position in shares of Phillips 66 by 0.8% in the second quarter. Wealth Alliance Advisory Group LLC now owns 21,730 shares of the oil and gas company’s stock valued at $1,562,000 after acquiring an additional 168 shares during the period. Telemus Capital LLC increased its position in shares of Phillips 66 by 1.4% in the second quarter. Telemus Capital LLC now owns 12,873 shares of the oil and gas company’s stock valued at $786,000 after acquiring an additional 177 shares during the period. Financial Management Professionals Inc. increased its position in shares of Phillips 66 by 10.3% in the second quarter. Financial Management Professionals Inc. now owns 1,975 shares of the oil and gas company’s stock valued at $142,000 after acquiring an additional 184 shares during the period. Finally, Coastal Capital Group Inc. increased its position in shares of Phillips 66 by 52.1% in the second quarter. Coastal Capital Group Inc. now owns 552 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 189 shares during the period. Institutional investors own 65.91% of the company’s stock.

A number of equities analysts have issued reports on the stock. Mizuho decreased their price objective on shares of Phillips 66 from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Raymond James reduced their price target on shares of Phillips 66 from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Friday, September 18th. Bank of America reiterated a “buy” rating and set a $100.00 price target on shares of Phillips 66 in a research report on Monday, August 3rd. Wells Fargo & Company cut shares of Phillips 66 from an “overweight” rating to an “equal weight” rating and set a $34.00 price target on the stock. in a research report on Wednesday, July 22nd. Finally, Scotiabank reduced their price target on shares of Phillips 66 from $90.00 to $79.00 and set a “sector outperform” rating on the stock in a research report on Monday, July 13th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $77.88.

In other news, Director John E. Lowe bought 1,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $60.62 per share, for a total transaction of $60,620.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.63% of the company’s stock.

NYSE:PSX opened at $50.58 on Friday. Phillips 66 has a one year low of $40.04 and a one year high of $119.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 0.73. The company’s 50-day simple moving average is $55.84 and its 200 day simple moving average is $64.55. The firm has a market capitalization of $22.09 billion, a P/E ratio of -18.26, a PEG ratio of 12.98 and a beta of 1.51.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.55). Phillips 66 had a positive return on equity of 8.76% and a negative net margin of 1.32%. The business had revenue of $11.18 billion for the quarter, compared to the consensus estimate of $14.92 billion. During the same period in the previous year, the firm earned $3.02 EPS. On average, equities research analysts expect that Phillips 66 will post 0.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be paid a $0.90 dividend. The ex-dividend date is Monday, November 16th. This represents a $3.60 annualized dividend and a dividend yield of 7.12%. Phillips 66’s dividend payout ratio is presently 44.72%.

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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