Quantinno Capital Management LP Acquires 12,567 Shares of Phillips 66 (NYSE:PSX)

Quantinno Capital Management LP lifted its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 48.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,665 shares of the oil and gas company's stock after buying an additional 12,567 shares during the period. Quantinno Capital Management LP's holdings in Phillips 66 were worth $4,405,000 at the end of the most recent quarter.

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

Phillips 66 Price Performance

PSX traded up $1.19 during trading on Thursday, reaching $112.97. 3,588,052 shares of the company were exchanged, compared to its average volume of 2,991,946. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $150.12. The company's 50-day moving average is $111.23 and its two-hundred day moving average is $119.18. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company has a market cap of $46.03 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 4.84 and a beta of 1.01.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share 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 company had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. During the same quarter in the prior year, the company earned $1.90 earnings per share. Research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Monday, May 19th. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's dividend payout ratio is 109.34%.

Analyst Ratings Changes

Several research analysts have weighed in on PSX shares. Scotiabank cut their price objective on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. UBS Group cut their price target on shares of Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company decreased their price objective on shares of Phillips 66 from $162.00 to $149.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Raymond James lowered their price objective on shares of Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Wall Street Zen raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.

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.