First Hawaiian Bank Raises Position in Phillips 66 (PSX)

First Hawaiian Bank increased its position in shares of Phillips 66 (NYSE:PSX) by 6.7% during the fourth quarter, Holdings Channel reports. The fund owned 18,222 shares of the oil and gas company’s stock after buying an additional 1,151 shares during the quarter. First Hawaiian Bank’s holdings in Phillips 66 were worth $1,569,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. IFM Investors Pty Ltd grew its position in shares of Phillips 66 by 16.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 23,215 shares of the oil and gas company’s stock valued at $2,617,000 after buying an additional 3,268 shares during the last quarter. RNC Capital Management LLC grew its position in shares of Phillips 66 by 1.2% in the 3rd quarter. RNC Capital Management LLC now owns 379,353 shares of the oil and gas company’s stock valued at $42,761,000 after buying an additional 4,409 shares during the last quarter. Terra Nova Asset Management LLC grew its position in shares of Phillips 66 by 103.3% in the 3rd quarter. Terra Nova Asset Management LLC now owns 5,805 shares of the oil and gas company’s stock valued at $654,000 after buying an additional 2,950 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Phillips 66 by 2.6% in the 3rd quarter. Toronto Dominion Bank now owns 283,003 shares of the oil and gas company’s stock valued at $31,893,000 after buying an additional 7,187 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of Phillips 66 by 59.3% in the 3rd quarter. Quantbot Technologies LP now owns 52,251 shares of the oil and gas company’s stock valued at $5,889,000 after buying an additional 19,451 shares during the last quarter. Institutional investors and hedge funds own 69.19% of the company’s stock.

In other Phillips 66 news, Director J Brian Ferguson bought 21,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average price of $92.31 per share, for a total transaction of $1,984,665.00. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is owned by corporate insiders.

Shares of Phillips 66 stock opened at $92.69 on Friday. Phillips 66 has a one year low of $78.44 and a one year high of $123.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 1.28. The stock has a market cap of $42.42 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.91.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, October 26th. The oil and gas company reported $3.10 EPS for the quarter, beating the consensus estimate of $2.50 by $0.60. Phillips 66 had a return on equity of 14.97% and a net margin of 5.72%. The company had revenue of $30.59 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same quarter in the prior year, the company earned $1.66 EPS. Equities research analysts expect that Phillips 66 will post 9.18 earnings per share for the current fiscal year.

PSX has been the topic of a number of analyst reports. Wells Fargo & Co upped their price target on Phillips 66 from $137.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, October 29th. Raymond James reduced their price target on Phillips 66 from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, December 31st. JPMorgan Chase & Co. upgraded Phillips 66 from a “neutral” rating to an “overweight” rating and set a $138.00 price target on the stock in a research report on Tuesday, October 30th. They noted that the move was a valuation call. Zacks Investment Research restated a “buy” rating and set a $113.00 target price on shares of Phillips 66 in a research report on Wednesday, November 14th. Finally, Barclays upgraded Phillips 66 from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $133.00 to $128.00 in a research report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $121.87.

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Phillips 66 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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