Phillips 66 (NYSE:PSX) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its holdings in Phillips 66 (NYSE:PSX) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,705 shares of the oil and gas company’s stock after acquiring an additional 472 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Phillips 66 were worth $2,624,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale raised its position in Phillips 66 by 12.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 201,592 shares of the oil and gas company’s stock valued at $26,501,000 after acquiring an additional 22,278 shares in the last quarter. Eldred Rock Partners LLC purchased a new stake in shares of Phillips 66 in the fourth quarter valued at approximately $10,402,000. Choate Investment Advisors purchased a new stake in shares of Phillips 66 in the third quarter valued at approximately $247,000. First Dallas Securities Inc. purchased a new stake in shares of Phillips 66 in the third quarter valued at approximately $753,000. Finally, TIAA Trust National Association increased its position in shares of Phillips 66 by 32.9% in the fourth quarter. TIAA Trust National Association now owns 14,816 shares of the oil and gas company’s stock valued at $1,973,000 after buying an additional 3,670 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Activity at Phillips 66

In other Phillips 66 news, EVP Richard G. Harbison sold 21,934 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $146.27, for a total transaction of $3,208,286.18. Following the completion of the sale, the executive vice president now directly owns 24,941 shares of the company’s stock, valued at approximately $3,648,120.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Phillips 66 news, Director Robert W. Pease bought 682 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was acquired at an average cost of $146.58 per share, with a total value of $99,967.56. Following the purchase, the director now owns 1,900 shares in the company, valued at approximately $278,502. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Richard G. Harbison sold 21,934 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $146.27, for a total value of $3,208,286.18. Following the transaction, the executive vice president now directly owns 24,941 shares of the company’s stock, valued at $3,648,120.07. The disclosure for this sale can be found here. Insiders sold a total of 35,056 shares of company stock valued at $5,272,681 in the last three months. 0.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PSX shares. StockNews.com cut Phillips 66 from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. The Goldman Sachs Group boosted their price target on Phillips 66 from $152.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Bank of America boosted their price target on Phillips 66 from $150.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. boosted their price target on Phillips 66 from $149.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Wells Fargo & Company boosted their price target on Phillips 66 from $179.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $158.00.

Phillips 66 Stock Down 0.1 %

NYSE PSX traded down $0.10 during trading hours on Thursday, hitting $157.69. 1,034,396 shares of the company were exchanged, compared to its average volume of 2,939,676. The company has a 50 day moving average of $155.18 and a two-hundred day moving average of $136.46. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 0.56. Phillips 66 has a 52-week low of $89.74 and a 52-week high of $174.08. The firm has a market cap of $67.46 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 1.95 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.72. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. The company had revenue of $38.74 billion for the quarter, compared to the consensus estimate of $34.30 billion. Equities research analysts anticipate that Phillips 66 will post 13.59 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a $1.15 dividend. This is an increase from Phillips 66’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Friday, May 17th. Phillips 66’s payout ratio is presently 27.15%.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. 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.