Phillips 66 (NYSE:PSX) Holdings Raised by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Phillips 66 (NYSE:PSX - Free Report) by 157.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,541,240 shares of the oil and gas company's stock after buying an additional 942,922 shares during the period. Jacobs Levy Equity Management Inc. owned 0.37% of Phillips 66 worth $175,593,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PSX. Bogart Wealth LLC grew its position in Phillips 66 by 120.0% in the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 120 shares during the last quarter. J.Safra Asset Management Corp bought a new position in Phillips 66 in the 4th quarter worth about $25,000. Stephens Consulting LLC grew 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 worth $28,000 after purchasing an additional 111 shares during the last quarter. Graney & King LLC acquired a new stake in shares of Phillips 66 in the 4th quarter worth approximately $28,000. Finally, Human Investing LLC acquired a new stake in shares of Phillips 66 in the 4th quarter worth approximately $30,000. Institutional investors own 76.93% of the company's stock.

Phillips 66 Trading Down 1.0%

Phillips 66 stock traded down $1.22 during midday trading on Wednesday, reaching $124.35. The stock had a trading volume of 3,215,097 shares, compared to its average volume of 2,948,491. The firm's fifty day simple moving average is $111.60 and its two-hundred day simple moving average is $119.26. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $150.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The firm has a market cap of $50.66 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 4.84 and a beta of 1.01.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. The firm had revenue of $31.92 billion during the quarter, compared to analyst estimates of $31.93 billion. During the same period in the prior year, the business posted $1.90 EPS. Equities analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $1.20 dividend. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.80 dividend on an annualized basis and a yield of 3.86%. Phillips 66's dividend payout ratio (DPR) is currently 109.34%.

Wall Street Analysts Forecast Growth

PSX has been the subject of a number of research analyst reports. Barclays upped their price target on shares of Phillips 66 from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday. Wells Fargo & Company reduced their price target 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. Scotiabank reduced their price target on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. TD Cowen upped their price target on shares of Phillips 66 from $114.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Phillips 66 from $138.00 to $131.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.