Universal Beteiligungs und Servicegesellschaft mbH Reduces Position in Phillips 66 (NYSE:PSX)

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Phillips 66 (NYSE:PSX - Free Report) by 25.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 213,256 shares of the oil and gas company's stock after selling 74,563 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of Phillips 66 worth $26,333,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PSX. Geode Capital Management LLC lifted its holdings in shares of Phillips 66 by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 8,530,242 shares of the oil and gas company's stock worth $968,844,000 after acquiring an additional 82,758 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Phillips 66 by 283.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company's stock valued at $686,618,000 after purchasing an additional 4,455,220 shares during the last quarter. Northern Trust Corp raised its position in Phillips 66 by 10.6% in the 4th quarter. Northern Trust Corp now owns 4,589,079 shares of the oil and gas company's stock worth $522,834,000 after purchasing an additional 440,107 shares during the period. Norges Bank purchased a new position in Phillips 66 in the 4th quarter worth $497,648,000. Finally, Invesco Ltd. boosted its position in Phillips 66 by 9.2% during the fourth quarter. Invesco Ltd. now owns 4,112,618 shares of the oil and gas company's stock valued at $468,551,000 after buying an additional 347,905 shares during the period. Institutional investors own 76.93% of the company's stock.

Analyst Upgrades and Downgrades

PSX has been the topic of several analyst reports. Barclays lifted their price objective on Phillips 66 from $115.00 to $127.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Tudor Pickering lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Wall Street Zen raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a research note on Saturday. Cantor Fitzgerald began coverage on shares of Phillips 66 in a research report on Wednesday, June 18th. They set a "neutral" rating for the company. Finally, Compass Point assumed coverage on shares of Phillips 66 in a research report on Wednesday, June 18th. They issued a "buy" rating on the stock. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Phillips 66 has an average rating of "Hold" and an average target price of $135.20.

Phillips 66 Stock Up 0.5%

Shares of NYSE:PSX traded up $0.59 during midday trading on Friday, reaching $124.91. The company's stock had a trading volume of 3,666,335 shares, compared to its average volume of 2,778,111. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $121.55 and a 200-day moving average of $118.61. The firm has a market capitalization of $50.89 billion, a P/E ratio of 30.03, a PEG ratio of 1.82 and a beta of 1.02. 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 posted its quarterly earnings data on Friday, July 25th. The oil and gas company reported $2.38 EPS for the quarter, topping the consensus estimate of $1.79 by $0.59. Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. The business had revenue of $33.77 billion for the quarter, compared to analyst estimates of $32.11 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. On average, research analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Tuesday, August 19th. Phillips 66's dividend payout ratio (DPR) is presently 115.38%.

Insider Buying and Selling at Phillips 66

In related news, EVP Brian Mandell sold 9,800 shares of the company'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 transaction, the executive vice president owned 56,838 shares in the company, valued at $7,104,750. The trade was a 14.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert W. Pease acquired 439 shares of Phillips 66 stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of $113.85 per share, with a total value of $49,980.15. Following the completion of the purchase, the director owned 4,091 shares in the company, valued at $465,760.35. This represents a 12.02% increase in their position. The disclosure for this purchase can be found here. 0.22% of the stock is 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.