Simonbaker & Partners LLC raised its position in Phillips 66 (NYSE:PSX) by 7.7% during the first quarter, Holdings Channel reports. The fund owned 2,922 shares of the oil and gas company’s stock after buying an additional 210 shares during the period. Simonbaker & Partners LLC’s holdings in Phillips 66 were worth $231,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Winch Advisory Services LLC boosted its position in shares of Phillips 66 by 5,872.7% in the first quarter. Winch Advisory Services LLC now owns 1,314 shares of the oil and gas company’s stock worth $104,000 after buying an additional 1,292 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Phillips 66 by 239.2% in the first quarter. Westside Investment Management Inc. now owns 1,418 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,000 shares during the last quarter. FTB Advisors Inc. boosted its position in shares of Phillips 66 by 17.3% in the first quarter. FTB Advisors Inc. now owns 1,444 shares of the oil and gas company’s stock worth $113,000 after buying an additional 213 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Phillips 66 by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,708 shares of the oil and gas company’s stock worth $135,000 after buying an additional 11 shares during the last quarter. Finally, Barrett Asset Management LLC boosted its position in shares of Phillips 66 by 2.9% in the first quarter. Barrett Asset Management LLC now owns 1,762 shares of the oil and gas company’s stock worth $140,000 after buying an additional 50 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

Phillips 66 (PSX) traded down 0.24% during trading on Friday, hitting $83.44. 1,858,217 shares of the stock were exchanged. The stock’s 50-day moving average price is $83.10 and its 200-day moving average price is $79.85. Phillips 66 has a 12-month low of $75.14 and a 12-month high of $88.87. The firm has a market cap of $42.68 billion, a PE ratio of 24.95 and a beta of 1.22.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $24.58 billion during the quarter, compared to analyst estimates of $25.14 billion. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, equities analysts expect that Phillips 66 will post $4.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 3.36%. Phillips 66’s dividend payout ratio (DPR) is presently 83.58%.

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A number of equities analysts have issued reports on the stock. Jefferies Group LLC set a $74.00 target price on shares of Phillips 66 and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Barclays PLC restated an “equal weight” rating and set a $89.00 target price (up previously from $87.00) on shares of Phillips 66 in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of Phillips 66 from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Scotiabank set a $86.00 target price on shares of Phillips 66 and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Finally, Citigroup Inc. restated a “neutral” rating and set a $83.00 target price (down previously from $84.00) on shares of Phillips 66 in a research report on Saturday, April 22nd. 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’s stock. The company has an average rating of “Hold” and a consensus target price of $83.53.

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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