Phillips 66 (NYSE:PSX) Shares Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. increased its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 33.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,537 shares of the oil and gas company's stock after purchasing an additional 123,644 shares during the quarter. Alyeska Investment Group L.P. owned 0.12% of Phillips 66 worth $55,659,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Phillips 66 from $138.00 to $131.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. StockNews.com upgraded shares of Phillips 66 from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Mizuho cut their price target on shares of Phillips 66 from $140.00 to $132.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Barclays decreased their price objective on shares of Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, Raymond James cut their target price on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Phillips 66 has an average rating of "Moderate Buy" and a consensus target price of $136.36.

Phillips 66 Trading Up 0.2 %

Shares of PSX stock traded up $0.25 during mid-day trading on Wednesday, hitting $105.64. 1,747,993 shares of the company's stock were exchanged, compared to its average volume of 2,894,725. The stock has a market cap of $43.04 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 4.84 and a beta of 1.01. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $150.12. The stock has a 50-day simple moving average of $112.64 and a two-hundred day simple moving average of $119.77.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly 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 business had revenue of $31.92 billion during the quarter, compared to analysts' expectations 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 last year, the firm earned $1.90 EPS. Equities analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $1.20 per share. 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 4.54%. The ex-dividend date of this dividend is Monday, May 19th. Phillips 66's dividend payout ratio (DPR) is presently 109.34%.

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.