Great Lakes Advisors LLC raised its holdings in Phillips 66 (NYSE:PSX) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,044 shares of the oil and gas company’s stock after acquiring an additional 2,021 shares during the period. Great Lakes Advisors LLC’s holdings in Phillips 66 were worth $4,954,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Phillips 66 by 16.4% during the 1st quarter. JPMorgan Chase & Co. now owns 4,419,048 shares of the oil and gas company’s stock worth $420,561,000 after buying an additional 621,862 shares during the last quarter. Csenge Advisory Group increased its holdings in shares of Phillips 66 by 236.9% during the 1st quarter. Csenge Advisory Group now owns 10,492 shares of the oil and gas company’s stock worth $998,000 after buying an additional 7,378 shares during the last quarter. LSV Asset Management increased its holdings in shares of Phillips 66 by 43.3% during the 1st quarter. LSV Asset Management now owns 4,589,195 shares of the oil and gas company’s stock worth $436,753,000 after buying an additional 1,387,767 shares during the last quarter. Buckingham Capital Management Inc. increased its holdings in shares of Phillips 66 by 7.3% during the 1st quarter. Buckingham Capital Management Inc. now owns 38,710 shares of the oil and gas company’s stock worth $3,684,000 after buying an additional 2,625 shares during the last quarter. Finally, Stockman Wealth Management Inc. increased its holdings in shares of Phillips 66 by 26.1% during the 1st quarter. Stockman Wealth Management Inc. now owns 39,700 shares of the oil and gas company’s stock worth $3,778,000 after buying an additional 8,214 shares during the last quarter. Institutional investors own 71.83% of the company’s stock.

Phillips 66 stock opened at $84.52 on Tuesday. Phillips 66 has a fifty-two week low of $78.44 and a fifty-two week high of $123.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.84. The company has a market capitalization of $38.47 billion, a P/E ratio of 7.22, a P/E/G ratio of 1.36 and a beta of 0.91.

Phillips 66 (NYSE:PSX) last posted its earnings results on Tuesday, April 30th. The oil and gas company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. Phillips 66 had a net margin of 4.63% and a return on equity of 19.96%. The firm had revenue of $23.66 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter last year, the firm earned $1.04 EPS. On average, sell-side analysts expect that Phillips 66 will post 7.26 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, May 17th. This is an increase from Phillips 66’s previous quarterly dividend of $0.80. Phillips 66’s dividend payout ratio (DPR) is 27.33%.

In related news, Director John E. Lowe bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average price of $84.41 per share, for a total transaction of $168,820.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Greg C. Garland sold 42,728 shares of Phillips 66 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 disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on the stock. Morgan Stanley cut their price target on shares of Phillips 66 from $115.00 to $105.00 and set an “equal weight” rating for the company in a report on Friday. ValuEngine downgraded shares of Phillips 66 from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 7th. Bank of America upgraded shares of Phillips 66 from a “neutral” rating to a “buy” rating and set a $126.00 price target for the company in a report on Monday, April 29th. They noted that the move was a valuation call. Tudor Pickering upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Finally, Jefferies Financial Group downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating and raised their price target for the stock from $105.00 to $107.00 in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Phillips 66 presently has an average rating of “Hold” and an average price target of $119.42.

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Phillips 66 Company 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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