Duncker Streett & Co. Inc. lowered its stake in Phillips 66 (NYSE:PSX) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 2,963 shares of the oil and gas company’s stock after selling 40 shares during the period. Duncker Streett & Co. Inc.’s holdings in Phillips 66 were worth $245,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. raised its stake in Phillips 66 by 5.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,616 shares of the oil and gas company’s stock valued at $366,000 after buying an additional 236 shares during the period. Prospera Financial Services Inc raised its stake in Phillips 66 by 33.5% in the first quarter. Prospera Financial Services Inc now owns 7,847 shares of the oil and gas company’s stock valued at $621,000 after buying an additional 1,970 shares during the period. Alpha Windward LLC raised its stake in Phillips 66 by 0.3% in the first quarter. Alpha Windward LLC now owns 3,035 shares of the oil and gas company’s stock valued at $240,000 after buying an additional 9 shares during the period. TNB Financial bought a new stake in Phillips 66 during the first quarter valued at approximately $286,000. Finally, Capstone Asset Management Co. raised its stake in Phillips 66 by 9.6% in the first quarter. Capstone Asset Management Co. now owns 178,119 shares of the oil and gas company’s stock valued at $14,111,000 after buying an additional 15,577 shares during the period. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Phillips 66 (PSX) traded down 0.9097% during mid-day trading on Thursday, reaching $83.7214. The company’s stock had a trading volume of 677,300 shares. The company’s 50 day moving average price is $82.83 and its 200-day moving average price is $79.81. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $88.87. The company has a market capitalization of $42.82 billion, a price-to-earnings ratio of 25.0363 and a beta of 1.22.

Phillips 66 (NYSE:PSX) last issued its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $24.58 billion during the quarter, compared to the consensus estimate of $25.14 billion. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. During the same period in the prior year, the business posted $0.94 EPS. Analysts predict that Phillips 66 will post $4.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Wednesday, August 16th. Phillips 66’s dividend payout ratio (DPR) is 83.58%.

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Several research firms recently commented on PSX. Barclays PLC reaffirmed an “equal weight” rating and set a $89.00 target price (up from $87.00) on shares of Phillips 66 in a report on Wednesday, August 2nd. Scotiabank set a $86.00 target price on Phillips 66 and gave the stock a “hold” rating in a report on Tuesday, August 1st. TheStreet raised Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, June 30th. Zacks Investment Research lowered Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $84.00 target price on shares of Phillips 66 in a report on Friday, July 14th. 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 company. The stock presently 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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