Phillips 66 (NYSE:PSX) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,702 shares of the oil and gas company's stock after buying 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 institutional investors and hedge funds also recently added to or reduced their stakes in PSX. Pacific Center for Financial Services acquired a new position in Phillips 66 during the fourth quarter worth $27,000. von Borstel & Associates Inc. acquired a new position in shares of Phillips 66 in the 1st quarter valued at $27,000. Graney & King LLC acquired a new position in shares of Phillips 66 in the 4th quarter valued at $28,000. Olde Wealth Management LLC acquired a new position in shares of Phillips 66 in the 1st quarter valued at $28,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Phillips 66 in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Phillips 66 Stock Down 2.0%

Shares of PSX traded down $2.73 during mid-day trading on Friday, reaching $131.66. The company's stock had a trading volume of 1,679,501 shares, compared to its average volume of 3,124,656. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $150.12. The stock has a market cap of $53.64 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 0.88. The company's 50 day moving average is $119.47 and its 200 day moving average is $117.81.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). The business had revenue of $31.92 billion during the quarter, compared to analysts' expectations of $31.93 billion. Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. During the same quarter in the previous year, the company posted $1.90 EPS. Equities analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a dividend of $1.20 per share. The ex-dividend date is Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a yield of 3.65%. Phillips 66's dividend payout ratio is presently 109.34%.

Wall Street Analysts Forecast Growth

PSX has been the topic of several recent analyst reports. Morgan Stanley decreased their price target on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. set a $115.00 price target on Phillips 66 in a research note on Wednesday, June 18th. Tudor Pickering lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays increased their target price on Phillips 66 from $115.00 to $127.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, Wells Fargo & Company decreased their target price on Phillips 66 from $149.00 to $147.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 11th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Phillips 66 presently has a consensus rating of "Moderate Buy" and an average target price of $135.07.

Insider Buying and Selling

In other Phillips 66 news, EVP Vanessa Allen Sutherland sold 4,393 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $130.00, for a total transaction of $571,090.00. Following the completion of the sale, the executive vice president directly owned 43,373 shares of the company's stock, valued at approximately $5,638,490. This trade represents a 9.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Pease acquired 439 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $113.85 per share, with a total value of $49,980.15. Following the completion of the transaction, the director directly owned 4,091 shares in the company, valued at $465,760.35. This trade represents a 12.02% increase in their position. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by company insiders.

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.