Aigen Investment Management LP Boosts Stock Holdings in Phillips 66 (NYSE:PSX)

Aigen Investment Management LP boosted its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 45.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,723 shares of the oil and gas company's stock after purchasing an additional 12,461 shares during the period. Phillips 66 comprises 1.0% of Aigen Investment Management LP's portfolio, making the stock its largest holding. Aigen Investment Management LP's holdings in Phillips 66 were worth $5,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Phillips 66 by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 41,271,077 shares of the oil and gas company's stock valued at $6,741,218,000 after buying an additional 1,578,669 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Phillips 66 by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,422,720 shares of the oil and gas company's stock valued at $1,189,035,000 after purchasing an additional 402,925 shares during the period. Boston Partners lifted its stake in shares of Phillips 66 by 41.4% in the 1st 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 during the period. Legal & General Group Plc increased its holdings in Phillips 66 by 0.5% in the 2nd quarter. Legal & General Group Plc now owns 3,699,370 shares of the oil and gas company's stock worth $522,240,000 after acquiring an additional 18,238 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Phillips 66 by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,643,264 shares of the oil and gas company's stock worth $514,253,000 after acquiring an additional 111,261 shares in the last quarter. Institutional investors own 76.93% of the company's stock.

Insider Transactions at Phillips 66

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $139.01, for a total value of $4,170,300.00. Following the sale, the chief financial officer now owns 81,937 shares of the company's stock, valued at approximately $11,390,062.37. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by corporate insiders.

Phillips 66 Price Performance

PSX traded down $0.26 during trading on Tuesday, hitting $127.68. The company's stock had a trading volume of 2,718,996 shares, compared to its average volume of 2,669,433. The firm's 50 day moving average price is $129.87 and its two-hundred day moving average price is $136.21. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $111.90 and a 12 month high of $174.08. The stock has a market capitalization of $52.73 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 4.12 and a beta of 1.33.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to analysts' expectations of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company's revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.63 earnings per share. Sell-side analysts forecast that Phillips 66 will post 7.68 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $1.15 dividend. The ex-dividend date is Monday, November 18th. This represents a $4.60 annualized dividend and a yield of 3.60%. Phillips 66's dividend payout ratio is 59.05%.

Analyst Ratings Changes

A number of research firms have recently issued reports on PSX. Piper Sandler set a $144.00 target price on shares of Phillips 66 in a report on Thursday, October 17th. Scotiabank decreased their target price on shares of Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. UBS Group reduced their price target on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Mizuho reduced their target price on shares of Phillips 66 from $154.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. Finally, TD Cowen dropped their price target on shares of Phillips 66 from $162.00 to $150.00 and set a "buy" rating on the stock in a research note 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $149.69.

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.