Deutsche Bank AG Has $293.87 Million Stake in Phillips 66 (NYSE:PSX)

Deutsche Bank AG boosted its holdings in Phillips 66 (NYSE:PSX - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,579,365 shares of the oil and gas company's stock after buying an additional 227,095 shares during the quarter. Deutsche Bank AG owned 0.62% of Phillips 66 worth $293,867,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PSX. Bogart Wealth LLC boosted its stake in shares of Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 120 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Phillips 66 during the fourth quarter worth $25,000. Stephens Consulting LLC raised its holdings in shares of Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 111 shares in the last quarter. Graney & King LLC bought a new position in Phillips 66 during the fourth quarter valued at about $28,000. Finally, Human Investing LLC bought a new position in Phillips 66 during the fourth quarter valued at about $30,000. Institutional investors own 76.93% of the company's stock.

Phillips 66 Price Performance

Shares of NYSE:PSX traded up $1.67 during trading on Friday, reaching $110.86. The stock had a trading volume of 2,396,746 shares, compared to its average volume of 2,898,970. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The business's 50-day moving average price is $111.61 and its 200 day moving average price is $119.24. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $150.12. The stock has a market capitalization of $45.17 billion, a PE ratio of 22.44, a P/E/G 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) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.97). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. The business had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. As a group, equities analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a $1.20 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.33%. This is a boost from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's dividend payout ratio is currently 109.34%.

Analyst Upgrades and Downgrades

PSX has been the topic of several recent research reports. The Goldman Sachs Group lowered Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price on the stock. in a report on Thursday, March 27th. Barclays lowered their price target on Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Scotiabank lowered their price target on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. TD Cowen lowered their price target on Phillips 66 from $127.00 to $114.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Morgan Stanley lowered their price target on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.