Adell Harriman & Carpenter Inc. lowered its stake in shares of Phillips 66 (NYSE:PSX) by 7.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,794 shares of the oil and gas company’s stock after selling 1,694 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Phillips 66 were worth $1,802,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Waldron LP boosted its position in Phillips 66 by 14.5% in the 1st quarter. Waldron LP now owns 3,151 shares of the oil and gas company’s stock valued at $251,000 after buying an additional 399 shares during the period. Advisory Services Network LLC purchased a new position in Phillips 66 in the 1st quarter valued at approximately $720,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Phillips 66 by 3.4% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 75,131 shares of the oil and gas company’s stock valued at $5,952,000 after buying an additional 2,444 shares during the period. Alpha Omega Wealth Management LLC boosted its position in Phillips 66 by 1.3% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 33,872 shares of the oil and gas company’s stock valued at $2,683,000 after buying an additional 429 shares during the period. Finally, Geneva Advisors LLC boosted its position in Phillips 66 by 2.4% in the 1st quarter. Geneva Advisors LLC now owns 9,443 shares of the oil and gas company’s stock valued at $748,000 after buying an additional 219 shares during the period. 69.53% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Jefferies Group LLC set a $74.00 price target on shares of Phillips 66 and gave the company a “hold” rating in a research report on Saturday, June 3rd. Scotiabank reissued a “hold” rating and issued a $86.00 price target on shares of Phillips 66 in a research report on Tuesday, June 27th. BidaskClub raised shares of Phillips 66 from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Barclays PLC reissued an “equal weight” rating and issued a $89.00 price target (up previously from $87.00) on shares of Phillips 66 in a research report on Wednesday, August 2nd. Finally, TheStreet cut shares of Phillips 66 from a “b-” rating to a “c” rating in a research report on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $83.93.

In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 1,151 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $89.08, for a total transaction of $102,531.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

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Shares of Phillips 66 (PSX) opened at 89.07 on Thursday. Phillips 66 has a 52-week low of $75.14 and a 52-week high of $89.51. The stock has a market capitalization of $45.56 billion, a PE ratio of 26.65 and a beta of 1.20. The stock’s 50 day moving average is $84.43 and its 200 day moving average is $80.63.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.07. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. The firm had revenue of $24.58 billion for the quarter, compared to the consensus estimate of $25.14 billion. During the same period in the prior year, the firm posted $0.94 EPS. Equities research analysts expect that Phillips 66 will post $4.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 3.14%. Phillips 66’s dividend payout ratio (DPR) is 83.58%.

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.

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

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