Phillips 66 (NYSE:PSX) Shares Purchased by Czech National Bank

Czech National Bank grew its stake in Phillips 66 (NYSE:PSX - Free Report) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,857 shares of the oil and gas company's stock after buying an additional 5,364 shares during the period. Czech National Bank's holdings in Phillips 66 were worth $11,713,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC raised its holdings in shares of Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after buying an additional 120 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Phillips 66 in the fourth quarter worth $25,000. Pacific Center for Financial Services purchased a new position in shares of Phillips 66 during the fourth quarter worth $27,000. 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 purchasing an additional 111 shares during the last quarter. Finally, Graney & King LLC purchased a new position in shares of Phillips 66 during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PSX. Morgan Stanley reduced their target price on shares of Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. UBS Group reduced their target price on shares of Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. Barclays lifted their price objective on shares of Phillips 66 from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Wall Street Zen raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Finally, Tudor Pickering cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Phillips 66 presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.62.

Insider Buying and Selling

In other Phillips 66 news, Director Robert W. Pease purchased 439 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $113.85 per share, for a total transaction of $49,980.15. Following the completion of the transaction, the director now owns 4,091 shares of the company's stock, valued at $465,760.35. The trade was a 12.02% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by company insiders.

Phillips 66 Price Performance

Shares of NYSE PSX traded down $0.37 during trading on Thursday, hitting $112.12. The company had a trading volume of 2,835,905 shares, compared to its average volume of 3,016,646. The stock has a fifty day simple moving average of $108.42 and a two-hundred day simple moving average of $118.13. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $150.12. The firm has a market capitalization of $45.68 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 4.84 and a beta of 1.02. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (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 company had revenue of $31.92 billion during the quarter, compared to analyst estimates of $31.93 billion. During the same quarter last year, the business earned $1.90 EPS. On average, research analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $1.20 dividend. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.80 annualized dividend and a dividend yield of 4.28%. Phillips 66's dividend payout ratio (DPR) is 109.34%.

About Phillips 66

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.