Phillips 66 (NYSE:PSX) Position Reduced by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. cut its position in Phillips 66 (NYSE:PSX - Free Report) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,169 shares of the oil and gas company's stock after selling 6,646 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Phillips 66 were worth $19,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PSX. TD Waterhouse Canada Inc. grew its stake in shares of Phillips 66 by 0.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 33,022 shares of the oil and gas company's stock valued at $3,761,000 after acquiring an additional 275 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Phillips 66 by 145.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 20,018 shares of the oil and gas company's stock valued at $2,281,000 after purchasing an additional 11,855 shares in the last quarter. Transce3nd LLC purchased a new stake in Phillips 66 during the 4th quarter worth approximately $63,000. Trajan Wealth LLC raised its position in shares of Phillips 66 by 11.1% in the 4th quarter. Trajan Wealth LLC now owns 39,120 shares of the oil and gas company's stock valued at $4,457,000 after purchasing an additional 3,903 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Phillips 66 by 28.6% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,007 shares of the oil and gas company's stock valued at $115,000 after buying an additional 224 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PSX. Wells Fargo & Company lifted their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Scotiabank cut their target price on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Raymond James decreased their price target on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Barclays cut their price objective on Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Finally, Mizuho decreased their target price on Phillips 66 from $140.00 to $132.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Phillips 66 presently has a consensus rating of "Moderate Buy" and an average price target of $142.00.

Phillips 66 Stock Performance

Shares of PSX stock traded up $1.90 during trading hours on Wednesday, reaching $102.80. The stock had a trading volume of 3,055,099 shares, compared to its average volume of 2,901,840. The firm has a market capitalization of $41.88 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 4.84 and a beta of 1.17. The firm has a 50-day simple moving average of $116.80 and a 200-day simple moving average of $121.67. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $158.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period last year, the company earned $3.09 EPS. As a group, equities analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a dividend of $1.20 per share. This is a boost from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, May 19th. Phillips 66's payout ratio is currently 93.12%.

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.