New York State Common Retirement Fund Has $50.62 Million Stake in Phillips 66 (NYSE:PSX)

New York State Common Retirement Fund reduced its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 444,277 shares of the oil and gas company's stock after selling 7,000 shares during the period. New York State Common Retirement Fund owned about 0.11% of Phillips 66 worth $50,616,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its holdings in Phillips 66 by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,901,887 shares of the oil and gas company's stock worth $381,453,000 after acquiring an additional 16,941 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in Phillips 66 by 7,549.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company's stock worth $328,625,000 after acquiring an additional 2,467,316 shares in the last quarter. Bank of Montreal Can grew its holdings in Phillips 66 by 63.4% during the 3rd quarter. Bank of Montreal Can now owns 1,633,876 shares of the oil and gas company's stock worth $214,120,000 after acquiring an additional 633,970 shares in the last quarter. ING Groep NV lifted its position in shares of Phillips 66 by 123.2% in the 3rd quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company's stock worth $155,503,000 after buying an additional 653,032 shares during the last quarter. Finally, National Pension Service lifted its position in shares of Phillips 66 by 6.8% in the 3rd quarter. National Pension Service now owns 1,001,734 shares of the oil and gas company's stock worth $131,678,000 after buying an additional 63,349 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PSX shares. 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. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a research report on Friday, January 3rd. Barclays dropped their price target on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. StockNews.com raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Piper Sandler cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.00.

Phillips 66 Stock Performance

PSX stock traded down $2.77 during midday trading on Friday, reaching $128.78. 12,517,207 shares of the company were exchanged, compared to its average volume of 3,464,704. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The business has a 50-day moving average price of $119.17 and a two-hundred day moving average price of $127.07. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The firm has a market capitalization of $53.18 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the firm earned $3.09 EPS. Equities research analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a yield of 3.57%. Phillips 66's dividend payout ratio (DPR) is 93.12%.

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.