Bell State Bank & Trust decreased its position in Phillips 66 (NYSE:PSX) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,882 shares of the company’s stock after selling 84 shares during the period. Bell State Bank & Trust’s holdings in Phillips 66 were worth $387,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. State Street Corp boosted its position in shares of Phillips 66 by 1.5% in the first quarter. State Street Corp now owns 23,555,046 shares of the company’s stock worth $2,039,627,000 after buying an additional 358,052 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Phillips 66 by 3.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,562,698 shares of the company’s stock worth $1,155,404,000 after buying an additional 459,964 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Phillips 66 by 5.1% in the first quarter. BlackRock Group LTD now owns 5,211,834 shares of the company’s stock worth $451,292,000 after buying an additional 252,187 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Phillips 66 by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,145,924 shares of the company’s stock worth $408,293,000 after buying an additional 91,054 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Phillips 66 by 3.1% in the first quarter. Legal & General Group Plc now owns 2,620,091 shares of the company’s stock worth $226,871,000 after buying an additional 78,072 shares during the last quarter. Hedge funds and other institutional investors own 69.98% of the company’s stock.

Shares of Phillips 66 (NYSE:PSX) opened at 80.07 on Thursday. The company has a market cap of $41.86 billion, a PE ratio of 13.86 and a beta of 1.38. Phillips 66 has a 1-year low of $71.74 and a 1-year high of $94.12. The firm has a 50-day moving average price of $78.45 and a 200 day moving average price of $80.69.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.01. Phillips 66 had a return on equity of 13.44% and a net margin of 3.51%. During the same period in the previous year, the firm earned $1.83 earnings per share. On average, equities analysts anticipate that Phillips 66 will post $3.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were paid a $0.63 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 3.15%. Phillips 66’s dividend payout ratio (DPR) is presently 43.83%.

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reissued a “hold” rating on shares of Phillips 66 in a report on Sunday, June 12th. Morgan Stanley reaffirmed a “hold” rating on shares of Phillips 66 in a report on Monday, August 1st. Scotiabank cut Phillips 66 from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $90.00 to $89.00 in a report on Monday, July 11th. Vetr raised Phillips 66 from a “buy” rating to a “strong-buy” rating and set a $87.87 price target for the company in a report on Monday, September 12th. Finally, Zacks Investment Research cut Phillips 66 from a “hold” rating to a “strong sell” rating in a report on Monday, July 4th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $85.52.

In related news, major shareholder Berkshire Hathaway Inc bought 17,910 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were bought at an average price of $77.52 per share, with a total value of $1,388,383.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paula Ann Johnson sold 40,141 shares of Phillips 66 stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $79.57, for a total value of $3,194,019.37. The disclosure for this sale can be found here. 0.05% of the stock is owned by company insiders.

About Phillips 66

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing, and specialties businesses. The Company operates its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.

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