Security National Bank of SO Dak acquired a new stake in Phillips 66 (NYSE:PSX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,216 shares of the oil and gas company’s stock, valued at approximately $203,000.

Other large investors have also recently modified their holdings of the company. Jacobi Capital Management LLC increased its stake in Phillips 66 by 27.4% during the 1st quarter. Jacobi Capital Management LLC now owns 1,288 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 277 shares during the period. Motco increased its stake in Phillips 66 by 4.0% during the 2nd quarter. Motco now owns 1,309 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 50 shares during the period. Bruderman Asset Management LLC acquired a new position in Phillips 66 during the 2nd quarter valued at about $112,000. Ffcm LLC acquired a new position in Phillips 66 during the 2nd quarter valued at about $113,000. Finally, Meeder Asset Management Inc. acquired a new position in Phillips 66 during the 2nd quarter valued at about $116,000. Hedge funds and other institutional investors own 70.24% of the company’s stock.

In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 1,151 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $89.08, for a total value of $102,531.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Several equities analysts have commented on PSX shares. Barclays cut shares of Phillips 66 from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $95.00 to $100.00 in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research note on Tuesday, October 10th. Goldman Sachs Group raised shares of Phillips 66 from a “neutral” rating to a “buy” rating and raised their target price for the company from $88.00 to $109.00 in a research note on Tuesday, October 3rd. Scotiabank reissued a “hold” rating on shares of Phillips 66 in a research note on Friday, September 8th. Finally, Jefferies Group cut shares of Phillips 66 from a “hold” rating to an “underperform” rating and lowered their target price for the company from $95.00 to $75.14 in a research note on Monday, October 16th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $93.25.

Shares of Phillips 66 (PSX) traded up $1.06 on Wednesday, hitting $100.13. 1,023,824 shares of the stock traded hands, compared to its average volume of 2,194,665. The firm has a market cap of $51,007.86, a PE ratio of 28.74, a P/E/G ratio of 2.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.31 and a quick ratio of 0.86. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $100.25.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.04. The company had revenue of $26.21 billion for the quarter, compared to analysts’ expectations of $29.94 billion. Phillips 66 had a net margin of 2.11% and a return on equity of 7.58%. During the same quarter in the previous year, the company posted $1.05 EPS. equities research analysts forecast that Phillips 66 will post 4.61 earnings per share for the current fiscal year.

Phillips 66 declared that its Board of Directors has approved a stock repurchase program on Monday, October 9th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, October 17th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Thursday, November 16th. Phillips 66’s payout ratio is 70.18%.

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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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