KCG Holdings Inc. cut its stake in shares of Phillips 66 (NYSE:PSX) by 74.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,129 shares of the oil and gas company’s stock after selling 14,978 shares during the period. KCG Holdings Inc.’s holdings in Phillips 66 were worth $406,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Macquarie Group Ltd. increased its stake in shares of Phillips 66 by 60.9% in the fourth quarter. Macquarie Group Ltd. now owns 22,600 shares of the oil and gas company’s stock valued at $1,953,000 after buying an additional 8,550 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE increased its stake in shares of Phillips 66 by 18.1% in the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 3,789 shares of the oil and gas company’s stock valued at $300,000 after buying an additional 582 shares in the last quarter. Stock Yards Bank & Trust Co. increased its stake in shares of Phillips 66 by 2.6% in the first quarter. Stock Yards Bank & Trust Co. now owns 14,405 shares of the oil and gas company’s stock valued at $1,142,000 after buying an additional 368 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its stake in shares of Phillips 66 by 9.0% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 56,400 shares of the oil and gas company’s stock valued at $4,468,000 after buying an additional 4,637 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of Phillips 66 by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 145,565 shares of the oil and gas company’s stock valued at $11,531,000 after buying an additional 1,725 shares in the last quarter. Institutional investors own 69.78% of the company’s stock.

Phillips 66 (NYSE:PSX) traded down 0.61% during trading on Monday, hitting $85.08. 282,482 shares of the stock traded hands. Phillips 66 has a 52-week low of $75.14 and a 52-week high of $88.87. The firm has a 50-day moving average price of $81.91 and a 200 day moving average price of $79.67. The company has a market cap of $43.52 billion, a P/E ratio of 25.44 and a beta of 1.22.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.07. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. The firm had revenue of $24.58 billion during the quarter, compared to analyst estimates of $25.14 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. On average, equities analysts expect that Phillips 66 will post $4.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Wednesday, August 16th. Phillips 66’s payout ratio is currently 83.58%.

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Several analysts have recently commented on PSX shares. Jefferies Group LLC set a $74.00 target price on shares of Phillips 66 and gave the company a “hold” rating in a report on Wednesday, April 19th. Royal Bank Of Canada restated a “hold” rating and set a $87.00 price objective on shares of Phillips 66 in a report on Thursday, April 20th. Citigroup Inc. restated a “neutral” rating and set a $83.00 price objective (down previously from $84.00) on shares of Phillips 66 in a report on Saturday, April 22nd. Scotiabank set a $86.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a report on Monday, May 1st. Finally, TheStreet upgraded shares of Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $83.53.

About Phillips 66

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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