First National Bank of Hutchinson lifted its stake in shares of Phillips 66 (NYSE:PSX) by 12.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,016 shares of the oil and gas company’s stock after buying an additional 450 shares during the period. First National Bank of Hutchinson’s holdings in Phillips 66 were worth $396,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. CWM LLC boosted its stake in Phillips 66 by 663.4% during the first quarter. CWM LLC now owns 11,435 shares of the oil and gas company’s stock worth $1,088,000 after acquiring an additional 9,937 shares in the last quarter. Liberty Capital Management Inc. bought a new stake in Phillips 66 during the first quarter worth about $219,000. Jupiter Wealth Management LLC bought a new stake in Phillips 66 during the first quarter worth about $5,642,000. Boenning & Scattergood Inc. boosted its stake in Phillips 66 by 6.6% during the first quarter. Boenning & Scattergood Inc. now owns 7,711 shares of the oil and gas company’s stock worth $734,000 after acquiring an additional 478 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in Phillips 66 by 2.5% during the first quarter. Winslow Evans & Crocker Inc. now owns 4,186 shares of the oil and gas company’s stock worth $400,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 71.30% of the company’s stock.

PSX stock traded up $1.72 during midday trading on Monday, hitting $97.14. The company’s stock had a trading volume of 1,808,437 shares, compared to its average volume of 2,617,687. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. Phillips 66 has a 12 month low of $78.44 and a 12 month high of $123.97. The stock has a market capitalization of $43.35 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.47 and a beta of 0.94.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, February 8th. The oil and gas company reported $4.87 EPS for the quarter, beating the consensus estimate of $2.76 by $2.11. Phillips 66 had a return on equity of 21.71% and a net margin of 4.90%. The business had revenue of $29.84 billion for the quarter, compared to the consensus estimate of $35.51 billion. During the same period last year, the business posted $1.07 EPS. On average, research analysts predict that Phillips 66 will post 7.63 earnings per share for the current year.

In other Phillips 66 news, Chairman Greg C. Garland sold 42,728 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $97.61, for a total transaction of $4,170,680.08. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

PSX has been the topic of several research reports. Raymond James dropped their price objective on shares of Phillips 66 from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, December 31st. Piper Jaffray Companies reissued an “overweight” rating on shares of Phillips 66 in a research note on Thursday, January 10th. Tudor Pickering raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Argus dropped their price objective on shares of Phillips 66 to $116.00 and set a “buy” rating on the stock in a research note on Thursday, February 14th. Finally, Citigroup boosted their price objective on shares of Phillips 66 from $100.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $120.18.

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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; 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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