Teachers Retirement System of The State of Kentucky Purchases 47,855 Shares of Phillips 66 (NYSE:PSX)

Teachers Retirement System of The State of Kentucky increased its holdings in Phillips 66 (NYSE:PSX - Free Report) by 23.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,730 shares of the oil and gas company's stock after purchasing an additional 47,855 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of Phillips 66 worth $31,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. von Borstel & Associates Inc. purchased a new position in Phillips 66 during the 1st quarter valued at $27,000. Olde Wealth Management LLC purchased a new position in shares of Phillips 66 during the first quarter valued at about $28,000. Opal Wealth Advisors LLC purchased a new position in shares of Phillips 66 during the first quarter valued at about $29,000. Pacific Center for Financial Services purchased a new stake in Phillips 66 in the fourth quarter worth about $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of Phillips 66 in the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Performance

Shares of PSX stock traded up $0.31 on Tuesday, reaching $126.36. The stock had a trading volume of 1,072,234 shares, compared to its average volume of 3,129,428. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.23. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $150.12. The stock has a market cap of $51.48 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The company has a 50 day simple moving average of $121.35 and a 200 day simple moving average of $118.27.

Phillips 66 (NYSE:PSX - Get Free Report) last announced 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 return on equity of 4.83% and a net margin of 1.32%. The firm had revenue of $31.92 billion during the quarter, compared to analysts' expectations of $31.93 billion. During the same period in the previous year, the business posted $1.90 earnings per share. Equities research analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be given a $1.20 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $4.80 annualized dividend and a yield of 3.80%. Phillips 66's payout ratio is presently 109.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PSX shares. UBS Group decreased their price objective on Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. 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 note on Thursday, March 27th. Barclays boosted their price objective on shares of Phillips 66 from $115.00 to $127.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Tudor Pickering lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Compass Point started coverage on Phillips 66 in a research note on Wednesday, June 18th. They issued a "buy" rating on the stock. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $135.20.

Insider Transactions at Phillips 66

In related news, Director Robert W. Pease acquired 439 shares of Phillips 66 stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average cost of $113.85 per share, for a total transaction of $49,980.15. Following the purchase, the director directly owned 4,091 shares of the company's stock, valued at approximately $465,760.35. This trade represents a 12.02% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Brian Mandell sold 9,800 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $125.00, for a total value of $1,225,000.00. Following the sale, the executive vice president directly owned 56,838 shares of the company's stock, valued at $7,104,750. This represents a 14.71% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company's stock.

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.