Phillips 66 (NYSE:PSX) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC increased its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,732 shares of the oil and gas company's stock after acquiring an additional 2,664 shares during the quarter. ProShare Advisors LLC's holdings in Phillips 66 were worth $9,654,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PSX. Oppenheimer & Co. Inc. lifted its holdings in shares of Phillips 66 by 10.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company's stock valued at $5,349,000 after purchasing an additional 4,515 shares during the last quarter. Flavin Financial Services Inc. purchased a new stake in Phillips 66 in the fourth quarter valued at about $1,190,000. Donoghue Forlines LLC acquired a new stake in Phillips 66 in the fourth quarter worth about $1,438,000. Smith Group Asset Management LLC acquired a new stake in Phillips 66 in the fourth quarter worth about $1,149,000. Finally, Corps Capital Advisors LLC purchased a new stake in shares of Phillips 66 during the fourth quarter worth about $412,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Performance

NYSE:PSX traded down $9.06 during trading hours on Wednesday, reaching $111.84. The company had a trading volume of 7,208,542 shares, compared to its average volume of 2,984,838. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $150.12. The business's 50 day moving average price is $111.53 and its 200-day moving average price is $119.23. The firm has a market cap of $45.57 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 4.84 and a beta of 1.01.

Phillips 66 (NYSE:PSX - Get Free Report) last posted 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 firm had revenue of $31.92 billion during the quarter, compared to analyst estimates of $31.93 billion. During the same quarter in the prior year, the firm earned $1.90 earnings per share. Research analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a dividend of $1.20 per share. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Monday, May 19th. Phillips 66's dividend payout ratio is presently 109.34%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wells Fargo & Company lowered 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 note on Monday, April 28th. Morgan Stanley lowered their price objective on shares of Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. UBS Group cut their target price on Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. The Goldman Sachs Group cut 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. Finally, Scotiabank dropped their price target on 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. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $137.86.

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.