Brown Advisory Inc. raised its holdings in shares of Phillips 66 (NYSE:PSX) by 18.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 136,470 shares of the oil and gas company’s stock after purchasing an additional 21,071 shares during the period. Brown Advisory Inc.’s holdings in Phillips 66 were worth $11,757,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. IFM Investors Pty Ltd boosted its stake in shares of Phillips 66 by 10.2% in the 4th quarter. IFM Investors Pty Ltd now owns 25,579 shares of the oil and gas company’s stock worth $2,204,000 after buying an additional 2,364 shares during the last quarter. Charter Trust Co. boosted its stake in shares of Phillips 66 by 5.7% in the 3rd quarter. Charter Trust Co. now owns 11,071 shares of the oil and gas company’s stock worth $1,248,000 after buying an additional 595 shares during the last quarter. Toronto Dominion Bank boosted its stake 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 worth $31,893,000 after buying an additional 7,187 shares during the last quarter. Quantbot Technologies LP boosted its stake 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 worth $5,889,000 after buying an additional 19,451 shares during the last quarter. Finally, Wakefield Asset Management LLLP purchased a new position in shares of Phillips 66 in the 3rd quarter worth $3,614,000. Institutional investors and hedge funds own 69.30% of the company’s stock.

In related news, Chairman Greg C. Garland sold 42,728 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $97.61, for a total value of $4,170,680.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by company insiders.

PSX has been the topic of a number of research reports. Raymond James dropped their price target on Phillips 66 from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, December 31st. Citigroup raised their price target on Phillips 66 from $100.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Argus dropped their price target on Phillips 66 to $116.00 and set a “buy” rating on the stock in a research note on Thursday, February 14th. Piper Jaffray Companies restated an “overweight” rating on shares of Phillips 66 in a research note on Thursday, January 10th. Finally, Jefferies Financial Group upgraded Phillips 66 from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $118.75.

Shares of Phillips 66 stock opened at $98.47 on Friday. Phillips 66 has a one year low of $78.44 and a one year high of $123.97. The firm has a market capitalization of $44.30 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.37 and a beta of 0.94. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, February 8th. The oil and gas company reported $4.87 EPS for the quarter, topping the Zacks’ consensus estimate of $2.76 by $2.11. Phillips 66 had a return on equity of 21.71% and a net margin of 4.90%. The company had revenue of $29.84 billion for the quarter, compared to analysts’ expectations of $35.51 billion. During the same period last year, the firm earned $1.07 EPS. As a group, analysts forecast that Phillips 66 will post 8.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 19th were issued a $0.80 dividend. The ex-dividend date was Friday, February 15th. This represents a $3.20 dividend on an annualized basis and a yield of 3.25%. Phillips 66’s dividend payout ratio is currently 27.33%.

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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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