2,600 Shares in Phillips 66 (NYSE:PSX) Purchased by Baldwin Investment Management LLC

Baldwin Investment Management LLC purchased a new stake in shares of Phillips 66 (NYSE:PSX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,600 shares of the oil and gas company's stock, valued at approximately $296,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSX. Price T Rowe Associates Inc. MD increased its holdings in shares of Phillips 66 by 283.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company's stock valued at $686,618,000 after acquiring an additional 4,455,220 shares during the last quarter. Norges Bank acquired a new position in Phillips 66 in the 4th quarter valued at about $497,648,000. Raymond James Financial Inc. purchased a new stake in shares of Phillips 66 during the fourth quarter worth approximately $168,790,000. Amundi boosted its holdings in shares of Phillips 66 by 25.7% in the fourth quarter. Amundi now owns 3,682,414 shares of the oil and gas company's stock valued at $428,081,000 after acquiring an additional 753,653 shares in the last quarter. Finally, National Bank of Canada FI increased its position in Phillips 66 by 166.7% during the 4th quarter. National Bank of Canada FI now owns 1,134,582 shares of the oil and gas company's stock worth $129,266,000 after purchasing an additional 709,219 shares during the period. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Up 0.2 %

PSX stock traded up $0.25 during midday trading on Wednesday, reaching $105.64. The company had a trading volume of 1,747,993 shares, compared to its average volume of 2,894,725. The company has a 50 day moving average of $112.16 and a two-hundred day moving average of $119.67. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $150.12. The company has a market capitalization of $43.04 billion, a P/E ratio of 21.38, a PEG ratio of 4.84 and a beta of 1.01.

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

Phillips 66 Increases Dividend

The firm also recently announced 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. This represents a $4.80 annualized dividend and a yield of 4.54%. This is an increase from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date is Monday, May 19th. Phillips 66's payout ratio is currently 109.34%.

Analyst Upgrades and Downgrades

PSX has been the subject of several research reports. StockNews.com raised Phillips 66 from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Scotiabank reduced their price target on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. TD Cowen dropped their price objective on shares of Phillips 66 from $127.00 to $114.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Raymond James reduced their target price on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group downgraded shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective on the stock. in a research note on Thursday, March 27th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $136.36.

Phillips 66 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.