36,810 Shares in Phillips 66 (NYSE:PSX) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Phillips 66 (NYSE:PSX - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 36,810 shares of the oil and gas company's stock, valued at approximately $4,839,000.

A number of other hedge funds have also recently modified their holdings of PSX. Mizuho Securities USA LLC increased its position in shares of Phillips 66 by 7,549.0% in the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company's stock valued at $328,625,000 after buying an additional 2,467,316 shares in the last quarter. Boston Partners lifted its holdings in Phillips 66 by 41.4% during the first quarter. Boston Partners now owns 5,453,892 shares of the oil and gas company's stock valued at $889,214,000 after purchasing an additional 1,595,722 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Phillips 66 by 96.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,863,603 shares of the oil and gas company's stock valued at $467,743,000 after purchasing an additional 1,408,954 shares during the period. ING Groep NV increased its stake in shares of Phillips 66 by 123.2% during the third quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company's stock worth $155,503,000 after purchasing an additional 653,032 shares in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in shares of Phillips 66 during the 3rd quarter worth about $70,983,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Up 0.4 %

PSX traded up $0.47 on Wednesday, hitting $131.41. 2,502,624 shares of the company were exchanged, compared to its average volume of 2,659,602. The firm has a 50-day moving average price of $130.03 and a two-hundred day moving average price of $135.52. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a twelve month low of $114.94 and a twelve month high of $174.08. The company has a market cap of $54.27 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 4.29 and a beta of 1.33.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm had revenue of $36.16 billion for the quarter, compared to analysts' expectations of $36.31 billion. During the same quarter last year, the company earned $4.63 earnings per share. The firm's revenue was down 10.3% compared to the same quarter last year. On average, equities analysts predict that Phillips 66 will post 7.63 earnings per share for the current year.

Phillips 66 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Monday, November 18th. Phillips 66's payout ratio is 59.05%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Scotiabank lowered their price target on Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Morgan Stanley decreased their price target on shares of Phillips 66 from $150.00 to $144.00 and set an "equal weight" rating on the stock in a research note on Monday, September 16th. Piper Sandler set a $144.00 price objective on shares of Phillips 66 in a report on Thursday, October 17th. Raymond James upped their price target on Phillips 66 from $150.00 to $155.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Finally, TD Cowen reduced their price objective on Phillips 66 from $162.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Phillips 66 presently has an average rating of "Moderate Buy" and a consensus price target of $149.69.

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.