Axa S.A. Has $8.90 Million Position in Phillips 66 (NYSE:PSX)

Axa S.A. lifted its holdings in shares of Phillips 66 (NYSE:PSX - Free Report) by 47.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 78,146 shares of the oil and gas company's stock after acquiring an additional 24,983 shares during the period. Axa S.A.'s holdings in Phillips 66 were worth $8,903,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in PSX. Bogart Wealth LLC increased its position in Phillips 66 by 120.0% in the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 120 shares in the last quarter. J.Safra Asset Management Corp bought a new position in Phillips 66 during the fourth quarter worth about $25,000. Stephens Consulting LLC increased its stake in Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 111 shares in the last quarter. Graney & King LLC acquired a new position in Phillips 66 in the 4th quarter worth $28,000. Finally, Human Investing LLC acquired a new stake in shares of Phillips 66 in the 4th quarter valued at about $30,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PSX. Wells Fargo & Company dropped their price objective on Phillips 66 from $162.00 to $149.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Barclays cut their price objective on shares of Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Morgan Stanley reduced their price objective on shares of Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. UBS Group decreased their price target on Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, StockNews.com raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Phillips 66 presently has an average rating of "Moderate Buy" and a consensus price target of $136.36.

Phillips 66 Stock Down 0.3 %

Shares of NYSE:PSX opened at $106.87 on Tuesday. The stock has a 50 day moving average price of $113.08 and a 200-day moving average price of $119.87. The firm has a market capitalization of $43.54 billion, a P/E ratio of 21.63, a P/E/G ratio of 4.84 and a beta of 1.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $150.12.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. The firm had revenue of $31.92 billion during the quarter, compared to analysts' expectations of $31.93 billion. During the same quarter in the previous year, the firm earned $1.90 earnings per share. As a group, equities research analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $1.20 dividend. The ex-dividend date is Monday, May 19th. This is an increase from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 4.49%. Phillips 66's dividend payout ratio (DPR) is presently 109.34%.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. 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 petroleum products to market; provides terminaling and storage services for crude oil and refined 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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