OLD Republic International Corp raised its holdings in Phillips 66 (NYSE:PSX) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 392,000 shares of the oil and gas company’s stock after acquiring an additional 32,500 shares during the period. OLD Republic International Corp owned about 0.08% of Phillips 66 worth $32,414,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PSX. BlackRock Inc. grew its position in Phillips 66 by 2,329.3% in the first quarter. BlackRock Inc. now owns 27,821,897 shares of the oil and gas company’s stock valued at $2,204,052,000 after acquiring an additional 26,676,647 shares during the last quarter. OppenheimerFunds Inc. grew its position in Phillips 66 by 599.8% in the first quarter. OppenheimerFunds Inc. now owns 4,600,748 shares of the oil and gas company’s stock valued at $364,472,000 after acquiring an additional 3,943,299 shares during the last quarter. Clearbridge Investments LLC grew its position in Phillips 66 by 4,771.9% in the first quarter. Clearbridge Investments LLC now owns 1,426,192 shares of the oil and gas company’s stock valued at $112,983,000 after acquiring an additional 1,396,918 shares during the last quarter. New England Asset Management Inc. bought a new position in Phillips 66 in the first quarter valued at about $104,095,000. Finally, State Street Corp grew its position in Phillips 66 by 4.0% in the first quarter. State Street Corp now owns 24,085,903 shares of the oil and gas company’s stock valued at $1,908,079,000 after acquiring an additional 921,895 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Phillips 66 (NYSE:PSX) opened at 87.67 on Friday. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $88.87. The firm has a market capitalization of $44.84 billion, a price-to-earnings ratio of 26.23 and a beta of 1.20. The company has a 50 day moving average price of $84.14 and a 200-day moving average price of $80.45.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.02 by $0.07. The firm had revenue of $24.58 billion for the quarter, compared to analyst estimates 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 company earned $0.94 EPS. On average, analysts forecast that Phillips 66 will post $4.20 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 3.19%. Phillips 66’s payout ratio is 83.58%.

Several analysts have recently weighed in on PSX shares. US Capital Advisors restated a “buy” rating on shares of Phillips 66 in a report on Monday, May 22nd. Piper Jaffray Companies restated an “overweight” rating and set a $88.00 price target on shares of Phillips 66 in a report on Thursday, May 25th. Jefferies Group LLC set a $74.00 price target on Phillips 66 and gave the stock a “hold” rating in a report on Saturday, June 3rd. TheStreet cut Phillips 66 from a “b-” rating to a “c” rating in a report on Monday, June 5th. Finally, BidaskClub upgraded Phillips 66 from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Phillips 66 has a consensus rating of “Hold” and an average target price of $83.93.

ILLEGAL ACTIVITY NOTICE: This article was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.dailypolitical.com/2017/09/16/phillips-66-psx-holdings-lifted-by-old-republic-international-corp.html.

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.

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

Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.