Robeco Institutional Asset Management B.V. Sells 4,088 Shares of Phillips 66 (NYSE:PSX)

Robeco Institutional Asset Management B.V. trimmed its holdings in Phillips 66 (NYSE:PSX - Free Report) by 11.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 30,651 shares of the oil and gas company's stock after selling 4,088 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Phillips 66 were worth $4,029,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Boston Partners increased its position in shares of Phillips 66 by 41.4% during 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 last quarter. Vanguard Group Inc. raised its holdings in Phillips 66 by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 41,271,077 shares of the oil and gas company's stock worth $6,741,218,000 after purchasing an additional 1,578,669 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Phillips 66 by 96.9% during the 1st 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 acquiring an additional 1,408,954 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings 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 worth $1,189,035,000 after acquiring an additional 402,925 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Phillips 66 by 1,087.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 432,003 shares of the oil and gas company's stock worth $70,563,000 after acquiring an additional 395,617 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on PSX shares. Wells Fargo & Company reduced their price objective on shares of Phillips 66 from $182.00 to $167.00 and set an "overweight" rating for the company in a research note on Wednesday, October 9th. Raymond James upped their price target on shares of Phillips 66 from $150.00 to $155.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. UBS Group dropped their target price on Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Wolfe Research began coverage on Phillips 66 in a research report on Thursday, July 18th. They set a "peer perform" rating on the stock. Finally, TD Cowen decreased their price objective on shares of Phillips 66 from $162.00 to $150.00 and set a "buy" rating for the company in a 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 company's stock. According to data from MarketBeat.com, Phillips 66 currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.38.

Phillips 66 Stock Down 0.2 %

Shares of Phillips 66 stock traded down $0.23 during trading hours on Friday, hitting $126.45. 3,126,003 shares of the company's stock traded hands, compared to its average volume of 2,667,594. 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 twelve month low of $110.54 and a twelve month high of $174.08. The stock has a 50 day simple moving average of $130.12 and a 200-day simple moving average of $136.72. The company has a market cap of $52.22 billion, a PE ratio of 16.23, a PEG ratio of 4.17 and a beta of 1.33.

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

Phillips 66 Announces Dividend

The company also recently announced 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. This represents a $4.60 annualized dividend and a yield of 3.64%. The ex-dividend date is Monday, November 18th. Phillips 66's payout ratio is presently 59.05%.

Insider Buying and Selling at Phillips 66

In related news, CFO Kevin J. Mitchell sold 30,000 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the completion of the sale, the chief financial officer now owns 81,937 shares of the company's stock, valued at $11,390,062.37. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.22% of the company's stock.

Phillips 66 Company 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.