Phillips 66 (NYSE:PSX) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its position in Phillips 66 (NYSE:PSX - Free Report) by 4.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 248,069 shares of the oil and gas company's stock after acquiring an additional 9,769 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.06% of Phillips 66 worth $30,632,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PSX. Tallon Kerry Patrick purchased a new stake in shares of Phillips 66 in the fourth quarter valued at about $336,000. Brighton Jones LLC lifted its holdings in shares of Phillips 66 by 238.5% in the fourth quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company's stock valued at $1,166,000 after purchasing an additional 7,214 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Phillips 66 in the fourth quarter valued at about $761,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Phillips 66 in the fourth quarter valued at about $31,000. Finally, Savant Capital LLC lifted its holdings in shares of Phillips 66 by 7.4% in the fourth quarter. Savant Capital LLC now owns 14,152 shares of the oil and gas company's stock valued at $1,612,000 after purchasing an additional 980 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company's stock.

Insider Transactions at Phillips 66

In other Phillips 66 news, Director Robert W. Pease acquired 439 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $113.85 per share, with a total value of $49,980.15. Following the completion of the transaction, the director now directly owns 4,091 shares of the company's stock, valued at approximately $465,760.35. The trade was a 12.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

PSX has been the topic of several recent research reports. Raymond James reduced their price target on shares of Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Scotiabank reduced their price objective on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. 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. Tudor Pickering downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group reduced their price objective on shares of Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.46.

Phillips 66 Trading Up 0.6%

PSX stock traded up $0.68 on Friday, hitting $122.20. 3,074,645 shares of the company were exchanged, compared to its average volume of 3,030,080. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $150.12. 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 fifty day moving average is $109.84 and its two-hundred day moving average is $117.57. The stock has a market capitalization of $49.79 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 4.84 and a beta of 1.02.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly 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 return on equity of 8.58% and a net margin of 1.46%. The company had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. During the same period last year, the company posted $1.90 EPS. As a group, research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $1.20 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.80 annualized dividend and a dividend yield of 3.93%. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's dividend payout ratio is presently 109.34%.

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.