Saturna Capital CORP maintained its stake in shares of Phillips 66 (NYSE:PSX) during the first quarter, Holdings Channel reports. The firm owned 222,022 shares of the oil and gas company’s stock at the end of the first quarter. Saturna Capital CORP’s holdings in Phillips 66 were worth $17,589,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC raised its stake in shares of Phillips 66 by 5,872.7% in the first quarter. Winch Advisory Services LLC now owns 1,314 shares of the oil and gas company’s stock worth $104,000 after buying an additional 1,292 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Phillips 66 by 239.2% in the first quarter. Westside Investment Management Inc. now owns 1,418 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,000 shares in the last quarter. FTB Advisors Inc. raised its stake in shares of Phillips 66 by 17.3% in the first quarter. FTB Advisors Inc. now owns 1,444 shares of the oil and gas company’s stock worth $113,000 after buying an additional 213 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Phillips 66 by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,708 shares of the oil and gas company’s stock worth $135,000 after buying an additional 11 shares in the last quarter. Finally, Barrett Asset Management LLC raised its stake in shares of Phillips 66 by 2.9% in the first quarter. Barrett Asset Management LLC now owns 1,762 shares of the oil and gas company’s stock worth $140,000 after buying an additional 50 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Phillips 66 (NYSE PSX) traded down 0.24% during trading on Friday, reaching $83.44. 1,858,217 shares of the company were exchanged. Phillips 66 has a one year low of $75.14 and a one year high of $88.87. The firm’s 50 day moving average price is $83.10 and its 200 day moving average price is $79.85. The company has a market capitalization of $42.68 billion, a PE ratio of 24.95 and a beta of 1.22.

Phillips 66 (NYSE:PSX) last announced its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. The firm had revenue of $24.58 billion during the quarter, compared to analyst estimates of $25.14 billion. During the same period last year, the firm posted $0.94 EPS. Equities research analysts forecast that Phillips 66 will post $4.05 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Wednesday, August 16th. Phillips 66’s dividend payout ratio is presently 83.58%.

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A number of analysts have recently commented on the stock. Jefferies Group LLC set a $74.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Barclays PLC reissued an “equal weight” rating and issued a $89.00 price objective (up previously from $87.00) on shares of Phillips 66 in a research report on Wednesday, August 2nd. BidaskClub raised shares of Phillips 66 from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Scotiabank set a $86.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Finally, Citigroup Inc. restated a “neutral” rating and set a $83.00 target price (down from $84.00) on shares of Phillips 66 in a report on Saturday, April 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average 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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