34,319 Shares in Phillips 66 (NYSE:PSX) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of Phillips 66 (NYSE:PSX - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 34,319 shares of the oil and gas company's stock, valued at approximately $4,511,000.

Several other hedge funds have also bought and sold shares of PSX. Bank of New York Mellon Corp grew its position in Phillips 66 by 5.0% in the second 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 in the last quarter. Boston Partners boosted its holdings 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 worth $889,214,000 after purchasing an additional 1,595,722 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of 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 purchasing an additional 18,238 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Phillips 66 by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,643,264 shares of the oil and gas company's stock valued at $514,253,000 after purchasing an additional 111,261 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of 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 valued at $381,453,000 after buying an additional 16,941 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Trading Down 0.7 %

NYSE:PSX traded down $0.94 during trading hours on Wednesday, hitting $133.31. The company had a trading volume of 2,151,389 shares, compared to its average volume of 2,662,707. 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 has a 52 week low of $117.74 and a 52 week high of $174.08. The company has a market capitalization of $55.06 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 4.40 and a beta of 1.33. The stock has a 50-day moving average price of $130.58 and a 200 day moving average price of $135.07.

Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.41. The company 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 firm's revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.63 EPS. On average, equities research analysts predict that Phillips 66 will post 7.57 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Monday, November 18th. Phillips 66's dividend payout ratio is presently 59.05%.

Analysts Set New Price Targets

Several brokerages have issued reports on PSX. JPMorgan Chase & Co. cut their target price on Phillips 66 from $160.00 to $141.00 and set an "overweight" rating for the company in a research note on Wednesday, October 2nd. Barclays cut their price objective on shares of Phillips 66 from $133.00 to $124.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Wells Fargo & Company decreased their target price on shares of Phillips 66 from $182.00 to $167.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 9th. Bank of America started coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They set a "buy" rating and a $156.00 price target for the company. Finally, Raymond James lifted their price objective on Phillips 66 from $150.00 to $155.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Phillips 66 has an average rating of "Moderate Buy" and a consensus target price 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.