DekaBank Deutsche Girozentrale Has $24.69 Million Stock Holdings in Phillips 66 (NYSE:PSX)

DekaBank Deutsche Girozentrale boosted its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,702 shares of the oil and gas company's stock after acquiring an additional 4,241 shares during the period. DekaBank Deutsche Girozentrale's holdings in Phillips 66 were worth $24,690,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Forum Financial Management LP raised its position in shares of Phillips 66 by 1.0% during the fourth quarter. Forum Financial Management LP now owns 7,486 shares of the oil and gas company's stock valued at $853,000 after buying an additional 77 shares during the last quarter. Smith Moore & CO. raised its position in shares of Phillips 66 by 0.9% during the fourth quarter. Smith Moore & CO. now owns 10,732 shares of the oil and gas company's stock valued at $1,223,000 after buying an additional 91 shares during the last quarter. CWC Advisors LLC. raised its position in shares of Phillips 66 by 1.0% during the fourth quarter. CWC Advisors LLC. now owns 9,743 shares of the oil and gas company's stock valued at $1,110,000 after buying an additional 92 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of Phillips 66 by 14.4% during the first quarter. Golden State Wealth Management LLC now owns 772 shares of the oil and gas company's stock valued at $95,000 after buying an additional 97 shares during the last quarter. Finally, Lantern Wealth Advisors LLC raised its position in shares of Phillips 66 by 4.7% during the fourth quarter. Lantern Wealth Advisors LLC now owns 2,224 shares of the oil and gas company's stock valued at $253,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company's stock.

Insider Activity

In other news, EVP Vanessa Allen Sutherland sold 4,393 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $130.00, for a total transaction of $571,090.00. Following the sale, the executive vice president directly owned 43,373 shares of the company's stock, valued at $5,638,490. This represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian Mandell sold 9,800 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $125.00, for a total transaction of $1,225,000.00. Following the sale, the executive vice president directly owned 56,838 shares in the company, valued at $7,104,750. This trade represents a 14.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PSX. Compass Point began coverage on shares of Phillips 66 in a research report on Wednesday, June 18th. They set a "buy" rating for the company. Morgan Stanley dropped their price target on shares of Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. set a $115.00 price target on shares of Phillips 66 in a research report on Wednesday, June 18th. Wells Fargo & Company dropped their price target on shares of Phillips 66 from $149.00 to $147.00 and set an "overweight" rating for the company in a research report on Wednesday, June 11th. Finally, The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price target for the company. in a research report on Thursday, March 27th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $135.07.

Phillips 66 Price Performance

PSX traded down $1.78 during midday trading on Friday, hitting $132.61. The company had a trading volume of 678,845 shares, compared to its average volume of 3,110,710. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $150.12. The company has a market capitalization of $54.03 billion, a PE ratio of 30.21, a P/E/G ratio of 2.06 and a beta of 1.02. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.23. The firm's 50-day simple moving average is $118.98 and its 200-day simple moving average is $117.59.

Phillips 66 (NYSE:PSX - Get Free Report) last released 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 net margin of 1.32% and a return on equity of 4.83%. The company had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. During the same period last year, the company earned $1.90 earnings per share. Equities research analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.62%. Phillips 66's dividend payout ratio (DPR) is currently 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.