DekaBank Deutsche Girozentrale cut its holdings in Phillips 66 (NYSE:PSX) by 20.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 735,700 shares of the oil and gas company’s stock after selling 194,239 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Phillips 66 were worth $60,773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Phillips 66 by 8.2% in the 4th quarter. BlackRock Inc. now owns 32,908,454 shares of the oil and gas company’s stock worth $2,301,616,000 after buying an additional 2,490,032 shares during the period. Wells Fargo & Company MN lifted its stake in Phillips 66 by 31.9% in the 4th quarter. Wells Fargo & Company MN now owns 15,399,949 shares of the oil and gas company’s stock worth $1,077,073,000 after purchasing an additional 3,727,385 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Phillips 66 by 7.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,995,321 shares of the oil and gas company’s stock worth $629,133,000 after purchasing an additional 637,530 shares in the last quarter. Aristotle Capital Management LLC grew its position in Phillips 66 by 1.6% in the fourth quarter. Aristotle Capital Management LLC now owns 7,551,049 shares of the oil and gas company’s stock worth $528,120,000 after acquiring an additional 118,483 shares in the last quarter. Finally, Morgan Stanley grew its position in Phillips 66 by 13.2% in the fourth quarter. Morgan Stanley now owns 4,602,553 shares of the oil and gas company’s stock worth $321,903,000 after acquiring an additional 536,968 shares in the last quarter. 64.56% of the stock is owned by institutional investors.

Shares of PSX stock opened at $83.94 on Tuesday. Phillips 66 has a 12-month low of $43.27 and a 12-month high of $90.59. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $80.65 and its 200 day moving average is $71.30. The stock has a market capitalization of $36.75 billion, a P/E ratio of -13.60, a P/E/G ratio of 3.65 and a beta of 1.67.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Thursday, April 29th. The oil and gas company reported ($1.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.40) by $0.24. Phillips 66 had a negative net margin of 3.45% and a positive return on equity of 3.38%. During the same period in the prior year, the firm earned $1.02 EPS. As a group, equities analysts predict that Phillips 66 will post -0.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Monday, February 22nd were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, February 19th. This represents a $3.60 annualized dividend and a yield of 4.29%. Phillips 66’s payout ratio is presently 44.72%.

Several research analysts recently issued reports on the stock. Mizuho upped their target price on shares of Phillips 66 from $70.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, March 4th. Cowen cut their target price on shares of Phillips 66 from $83.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, February 1st. Tudor Pickering lowered shares of Phillips 66 from a “buy” rating to a “hold” rating in a research report on Thursday, January 21st. Barclays upped their price target on shares of Phillips 66 from $75.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, March 8th. Finally, Citigroup upped their price target on shares of Phillips 66 from $81.00 to $99.00 in a research report on Wednesday, March 17th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Phillips 66 presently has an average rating of “Buy” and an average target price of $83.00.

In other news, CEO Greg C. Garland sold 158,500 shares of the firm’s stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $88.50, for a total transaction of $14,027,250.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.63% of the stock is currently owned by company insiders.

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 petroleum products to market; provides terminaling and storage services for crude oil and refined 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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