Phillips 66 (PSX) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its position in Phillips 66 (NYSE:PSX) by 59.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,251 shares of the oil and gas company’s stock after buying an additional 19,451 shares during the quarter. Quantbot Technologies LP’s holdings in Phillips 66 were worth $5,889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kaizen Advisory LLC grew its stake in Phillips 66 by 144.3% during the second quarter. Kaizen Advisory LLC now owns 1,004 shares of the oil and gas company’s stock worth $113,000 after buying an additional 593 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in Phillips 66 during the second quarter worth about $1,810,000. First Quadrant L P CA grew its stake in Phillips 66 by 622.4% during the second quarter. First Quadrant L P CA now owns 311,937 shares of the oil and gas company’s stock worth $35,034,000 after buying an additional 268,757 shares during the last quarter. Cypress Asset Management Inc. TX grew its stake in Phillips 66 by 26.7% during the second quarter. Cypress Asset Management Inc. TX now owns 4,353 shares of the oil and gas company’s stock worth $489,000 after buying an additional 917 shares during the last quarter. Finally, First National Trust Co grew its stake in Phillips 66 by 7.3% during the second quarter. First National Trust Co now owns 45,155 shares of the oil and gas company’s stock worth $5,071,000 after buying an additional 3,081 shares during the last quarter. Hedge funds and other institutional investors own 72.57% of the company’s stock.

In other Phillips 66 news, Director J Brian Ferguson acquired 21,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were acquired at an average cost of $92.31 per share, for a total transaction of $1,984,665.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.56% of the company’s stock.

A number of brokerages have recently issued reports on PSX. Zacks Investment Research upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Wednesday, August 1st. Mizuho began coverage on shares of Phillips 66 in a research report on Wednesday, August 1st. They set a “neutral” rating and a $124.00 target price on the stock. Citigroup upped their target price on shares of Phillips 66 from $124.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 15th. ValuEngine lowered shares of Phillips 66 from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. Finally, Barclays upgraded shares of Phillips 66 from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $133.00 to $128.00 in a research report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $121.48.

Shares of NYSE PSX opened at $90.55 on Monday. Phillips 66 has a fifty-two week low of $88.99 and a fifty-two week high of $123.97. The company has a market capitalization of $41.04 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, October 26th. The oil and gas company reported $3.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.60. Phillips 66 had a net margin of 5.72% and a return on equity of 14.97%. The business had revenue of $30.59 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same period in the prior year, the business posted $1.66 earnings per share. Research analysts predict that Phillips 66 will post 8.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 19th will be issued a $0.80 dividend. The ex-dividend date is Friday, November 16th. This represents a $3.20 annualized dividend and a yield of 3.53%. Phillips 66’s dividend payout ratio is currently 73.06%.

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Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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