Deroy & Devereaux Private Investment Counsel Inc. lowered its stake in Phillips 66 (NYSE:PSX) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,028 shares of the oil and gas company’s stock after selling 373 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Phillips 66 were worth $16,657,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc raised its holdings in Phillips 66 by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 32,998,567 shares of the oil and gas company’s stock valued at $3,719,598,000 after buying an additional 885,979 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Phillips 66 by 7.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,645,296 shares of the oil and gas company’s stock valued at $1,175,542,000 after buying an additional 958,545 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Phillips 66 by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 6,647,531 shares of the oil and gas company’s stock valued at $572,684,000 after buying an additional 218,018 shares during the last quarter. Northern Trust Corp raised its holdings in Phillips 66 by 3.2% in the 4th quarter. Northern Trust Corp now owns 5,647,044 shares of the oil and gas company’s stock valued at $486,493,000 after buying an additional 177,049 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Phillips 66 by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 5,386,724 shares of the oil and gas company’s stock valued at $463,230,000 after buying an additional 396,796 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 stock opened at $95.42 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.48 and a quick ratio of 1.08. Phillips 66 has a 52-week low of $78.44 and a 52-week high of $123.97. The company has a market cap of $43.35 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 1.43 and a beta of 0.94.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, February 8th. The oil and gas company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $2.11. Phillips 66 had a net margin of 4.90% and a return on equity of 21.71%. The firm had revenue of $29.84 billion during the quarter, compared to analyst estimates of $35.51 billion. During the same quarter last year, the business earned $1.07 EPS. Analysts forecast that Phillips 66 will post 7.92 earnings per share for the current year.

In other Phillips 66 news, Chairman Greg C. Garland sold 42,728 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $97.61, for a total transaction of $4,170,680.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

A number of research analysts recently issued reports on PSX shares. Tudor Pickering upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Phillips 66 in a report on Thursday, January 10th. Jefferies Financial Group lowered shares of Phillips 66 from a “buy” rating to a “hold” rating and raised their price objective for the company from $105.00 to $107.00 in a report on Monday, April 15th. Raymond James dropped their price objective on shares of Phillips 66 from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, December 31st. Finally, Citigroup raised their price objective on shares of Phillips 66 from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $120.18.

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Phillips 66 Profile

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; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; 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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