Raiffeisen Bank International AG Purchases Shares of 3,058 Phillips 66 (NYSE:PSX)

Raiffeisen Bank International AG bought a new stake in Phillips 66 (NYSE:PSX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,058 shares of the oil and gas company's stock, valued at approximately $342,000.

Several other large investors have also made changes to their positions in PSX. Bogart Wealth LLC grew its stake in Phillips 66 by 120.0% during the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after buying an additional 120 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in Phillips 66 during the 4th quarter valued at $25,000. Stephens Consulting LLC raised its position in Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 111 shares during the last quarter. Graney & King LLC acquired a new position in Phillips 66 in the fourth quarter worth $28,000. Finally, Human Investing LLC bought a new stake in shares of Phillips 66 during the fourth quarter worth $30,000. Institutional investors own 76.93% of the company's stock.

Phillips 66 Trading Down 7.5%

Shares of PSX stock traded down $9.06 on Wednesday, reaching $111.84. The company had a trading volume of 7,208,542 shares, compared to its average volume of 2,989,561. The stock has a market cap of $45.57 billion, a PE ratio of 22.64, a PEG ratio of 4.84 and a beta of 1.01. The company has a 50-day moving average of $111.53 and a 200-day moving average of $119.23. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $150.12.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its 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). The firm had revenue of $31.92 billion during the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period in the previous year, the company posted $1.90 EPS. On average, equities analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $1.20 dividend. This is an increase 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 109.34%.

Analysts Set New Price Targets

PSX has been the topic of several research reports. Raymond James reduced their price target 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. The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price on the stock. in a research report on Thursday, March 27th. Morgan Stanley lowered 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 report on Thursday, April 24th. Wells Fargo & Company reduced their price objective on Phillips 66 from $162.00 to $149.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Mizuho lifted their target price on Phillips 66 from $132.00 to $138.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.