OMERS ADMINISTRATION Corp Purchases 2,993 Shares of Phillips 66 (NYSE:PSX)

OMERS ADMINISTRATION Corp increased its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 19.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,282 shares of the oil and gas company's stock after buying an additional 2,993 shares during the period. OMERS ADMINISTRATION Corp's holdings in Phillips 66 were worth $2,083,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Phillips 66 by 283.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company's stock worth $686,618,000 after acquiring an additional 4,455,220 shares during the period. Norges Bank bought a new stake in Phillips 66 in the 4th quarter valued at $497,648,000. Raymond James Financial Inc. bought a new stake in Phillips 66 in the 4th quarter valued at $168,790,000. Capitolis Liquid Global Markets LLC acquired a new position in Phillips 66 in the 4th quarter valued at $142,185,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Phillips 66 by 157.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,541,240 shares of the oil and gas company's stock worth $175,593,000 after buying an additional 942,922 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Phillips 66 from $138.00 to $131.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. TD Cowen increased their target price on shares of Phillips 66 from $114.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Barclays raised their target price on shares of Phillips 66 from $106.00 to $115.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Morgan Stanley cut their price target on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, Raymond James lowered their price objective on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Phillips 66 presently has an average rating of "Moderate Buy" and a consensus price target of $137.86.

Phillips 66 Price Performance

Shares of Phillips 66 stock traded up $0.92 during trading on Friday, reaching $125.69. 3,242,816 shares of the company's stock were exchanged, compared to its average volume of 2,961,247. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $150.12. The company has a market cap of $51.21 billion, a P/E ratio of 25.44, a PEG ratio of 4.84 and a beta of 1.01. The firm's 50-day moving average price is $111.61 and its 200 day moving average price is $119.23.

Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). The business 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 quarter in the prior year, the firm earned $1.90 EPS. As a group, research analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business 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 an increase 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 annualized dividend and a yield of 3.82%. Phillips 66's dividend payout ratio is presently 109.34%.

Phillips 66 Company 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.