Energy Opportunities Capital Management LLC raised its stake in shares of Phillips 66 (NYSE:PSX) by 23.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,720 shares of the oil and gas company’s stock after acquiring an additional 4,125 shares during the period. Phillips 66 makes up 1.5% of Energy Opportunities Capital Management LLC’s holdings, making the stock its 26th biggest holding. Energy Opportunities Capital Management LLC’s holdings in Phillips 66 were worth $2,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Orleans Capital Management Corp LA purchased a new position in shares of Phillips 66 in the second quarter valued at approximately $865,000. Andra AP fonden boosted its stake in shares of Phillips 66 by 61.4% in the second quarter. Andra AP fonden now owns 30,500 shares of the oil and gas company’s stock valued at $3,425,000 after purchasing an additional 11,600 shares during the period. M Holdings Securities Inc. boosted its stake in shares of Phillips 66 by 19.7% in the second quarter. M Holdings Securities Inc. now owns 2,670 shares of the oil and gas company’s stock valued at $300,000 after purchasing an additional 439 shares during the period. Global X Management Co LLC boosted its stake in shares of Phillips 66 by 121.8% in the second quarter. Global X Management Co LLC now owns 9,533 shares of the oil and gas company’s stock valued at $1,071,000 after purchasing an additional 5,235 shares during the period. Finally, Carnegie Capital Asset Management LLC boosted its stake in shares of Phillips 66 by 5.7% in the second quarter. Carnegie Capital Asset Management LLC now owns 125,836 shares of the oil and gas company’s stock valued at $14,816,000 after purchasing an additional 6,731 shares during the period. 69.48% of the stock is owned by institutional investors and hedge funds.

Shares of Phillips 66 stock opened at $112.81 on Tuesday. Phillips 66 has a 52-week low of $87.50 and a 52-week high of $123.97. The company has a quick ratio of 0.82, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $52.07 billion, a P/E ratio of 25.76, a PEG ratio of 1.68 and a beta of 0.99.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, July 27th. The oil and gas company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.64. Phillips 66 had a net margin of 5.34% and a return on equity of 12.87%. The company had revenue of $29.74 billion during the quarter, compared to the consensus estimate of $29.40 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. equities research analysts anticipate that Phillips 66 will post 7.92 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Tuesday, August 21st were paid a $0.80 dividend. The ex-dividend date was Monday, August 20th. This represents a $3.20 dividend on an annualized basis and a yield of 2.84%. Phillips 66’s dividend payout ratio is currently 73.06%.

Several research firms have recently commented on PSX. Zacks Investment Research lowered shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Citigroup raised their price objective on shares of Phillips 66 from $126.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, September 7th. ValuEngine lowered shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Finally, Mizuho began coverage on shares of Phillips 66 in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $124.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Phillips 66 currently has a consensus rating of “Hold” and an average target price of $113.86.

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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