GF Fund Management CO. LTD. Purchases Shares of 113,722 Phillips 66 (NYSE:PSX)

GF Fund Management CO. LTD. acquired a new position in shares of Phillips 66 (NYSE:PSX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,722 shares of the oil and gas company's stock, valued at approximately $12,956,000.

Several other large investors also recently made changes to their positions in the stock. CTC Alternative Strategies Ltd. bought a new stake in shares of Phillips 66 during the fourth quarter worth $206,000. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Phillips 66 during the fourth quarter worth $3,666,000. Sunbelt Securities Inc. increased its position in shares of Phillips 66 by 12.0% during the fourth quarter. Sunbelt Securities Inc. now owns 4,510 shares of the oil and gas company's stock worth $505,000 after acquiring an additional 483 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Phillips 66 by 63.6% during the fourth quarter. Vise Technologies Inc. now owns 9,449 shares of the oil and gas company's stock worth $1,076,000 after acquiring an additional 3,674 shares in the last quarter. Finally, Navalign LLC increased its position in shares of Phillips 66 by 4.1% during the fourth quarter. Navalign LLC now owns 7,025 shares of the oil and gas company's stock worth $800,000 after acquiring an additional 277 shares in the last quarter. Institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Performance

Phillips 66 stock traded up $1.15 during midday trading on Tuesday, hitting $114.28. The company's stock had a trading volume of 2,832,653 shares, compared to its average volume of 3,002,684. Phillips 66 has a 1-year low of $91.01 and a 1-year 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 company has a 50-day moving average price of $110.28 and a two-hundred day moving average price of $118.86. The company has a market cap of $46.56 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 4.84 and a beta of 1.01.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly 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). The firm had revenue of $31.92 billion for 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 quarter in the prior year, the business posted $1.90 EPS. As a group, sell-side analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business 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 dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 4.20%. This is a boost from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Monday, May 19th. Phillips 66's dividend payout ratio is currently 109.34%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PSX shares. Wells Fargo & Company decreased their target price on shares of Phillips 66 from $162.00 to $149.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Scotiabank decreased their target price on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of Phillips 66 from $138.00 to $131.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. Mizuho raised their target price on shares of Phillips 66 from $132.00 to $138.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, TD Cowen raised their target price on shares of Phillips 66 from $114.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $137.86.

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.