AMP Capital Investors Ltd boosted its holdings in Phillips 66 (NYSE:PSX) by 57.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 255,318 shares of the oil and gas company’s stock after purchasing an additional 93,020 shares during the period. AMP Capital Investors Ltd’s holdings in Phillips 66 were worth $28,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Flinton Capital Management LLC increased its position in Phillips 66 by 156.8% in the 2nd quarter. Flinton Capital Management LLC now owns 56,728 shares of the oil and gas company’s stock worth $6,371,000 after buying an additional 34,636 shares during the period. Glen Harbor Capital Management LLC increased its position in Phillips 66 by 156.8% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 32,416 shares of the oil and gas company’s stock worth $3,641,000 after buying an additional 19,792 shares during the period. Rampart Investment Management Company LLC increased its position in Phillips 66 by 6.2% in the 2nd quarter. Rampart Investment Management Company LLC now owns 40,135 shares of the oil and gas company’s stock worth $4,508,000 after buying an additional 2,349 shares during the period. Van ECK Associates Corp increased its position in Phillips 66 by 74.0% in the 2nd quarter. Van ECK Associates Corp now owns 44,871 shares of the oil and gas company’s stock worth $5,039,000 after buying an additional 19,077 shares during the period. Finally, Aureus Asset Management LLC increased its position in Phillips 66 by 1.7% in the 2nd quarter. Aureus Asset Management LLC now owns 97,226 shares of the oil and gas company’s stock worth $10,919,000 after buying an additional 1,580 shares during the period. 69.57% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on PSX. Citigroup boosted their price objective on Phillips 66 from $126.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday. Argus boosted their price objective on Phillips 66 to $133.00 and gave the company a “buy” rating in a research report on Thursday, May 17th. Mizuho began coverage on Phillips 66 in a research report on Wednesday, August 1st. They set a “neutral” rating and a $124.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Phillips 66 from $127.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, June 4th. Finally, ValuEngine cut Phillips 66 from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Phillips 66 currently has an average rating of “Hold” and a consensus target price of $114.23.

Shares of NYSE:PSX opened at $114.30 on Friday. Phillips 66 has a fifty-two week low of $83.96 and a fifty-two week high of $123.97. The firm has a market capitalization of $54.78 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 1.77 and a beta of 0.99. The company has a current ratio of 1.24, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, July 27th. The oil and gas company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.64. Phillips 66 had a return on equity of 12.87% and a net margin of 5.34%. The firm had revenue of $29.74 billion for the quarter, compared to analysts’ expectations of $29.40 billion. During the same period in the prior year, the business posted $1.09 earnings per share. research analysts predict that Phillips 66 will post 7.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Tuesday, August 21st were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Monday, August 20th. Phillips 66’s dividend payout ratio (DPR) is 73.06%.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks, delivers refined products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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

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