Phillips 66 (NYSE:PSX) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. decreased its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 90.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,822 shares of the oil and gas company's stock after selling 362,178 shares during the period. Nomura Holdings Inc.'s holdings in Phillips 66 were worth $4,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PSX. Ables Iannone Moore & Associates Inc. bought a new stake in Phillips 66 during the 4th quarter worth about $27,000. First United Bank & Trust bought a new stake in Phillips 66 during the 4th quarter worth about $31,000. Signature Resources Capital Management LLC bought a new stake in Phillips 66 during the 4th quarter worth about $33,000. Bruce G. Allen Investments LLC bought a new stake in Phillips 66 during the 4th quarter worth about $36,000. Finally, Gladius Capital Management LP bought a new stake in Phillips 66 during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Phillips 66 Stock Down 1.0 %

Shares of NYSE PSX traded down $1.44 during trading hours on Tuesday, hitting $135.85. The company had a trading volume of 2,586,959 shares, compared to its average volume of 2,734,369. The stock has a market capitalization of $57.59 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 1.87 and a beta of 1.37. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.58. Phillips 66 has a 1-year low of $89.74 and a 1-year high of $174.08. The firm's 50 day moving average is $146.82 and its 200-day moving average is $144.07.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.90 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.15). The company had revenue of $36.44 billion during the quarter, compared to analyst estimates of $35.87 billion. Phillips 66 had a net margin of 3.84% and a return on equity of 19.19%. During the same period in the previous year, the company posted $4.21 EPS. On average, analysts expect that Phillips 66 will post 12.16 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Friday, May 17th. This is a boost from Phillips 66's previous quarterly dividend of $1.05. Phillips 66's dividend payout ratio is 35.38%.

Insider Activity at Phillips 66

In other Phillips 66 news, EVP Timothy D. Roberts sold 37,742 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the transaction, the executive vice president now owns 48,365 shares in the company, valued at approximately $7,051,617. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Timothy D. Roberts sold 37,742 shares of the firm's stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $145.80, for a total value of $5,502,783.60. Following the transaction, the executive vice president now owns 48,365 shares in the company, valued at $7,051,617. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph Scott Pruitt sold 7,200 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $157.26, for a total value of $1,132,272.00. Following the completion of the transaction, the vice president now owns 6,583 shares in the company, valued at approximately $1,035,242.58. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

PSX has been the subject of several recent research reports. Bank of America boosted their price objective on Phillips 66 from $150.00 to $180.00 and gave the stock a "neutral" rating in a report on Friday, March 15th. Barclays lowered their price target on Phillips 66 from $155.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 30th. JPMorgan Chase & Co. upped their price target on Phillips 66 from $149.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday, April 1st. Wells Fargo & Company upped their price target on Phillips 66 from $179.00 to $191.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Finally, Argus reaffirmed a "buy" rating and issued a $167.00 price target on shares of Phillips 66 in a research note on Thursday, May 30th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Phillips 66 currently has a consensus rating of "Moderate Buy" and an average target price of $157.57.

Phillips 66 Profile

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.