Teacher Retirement System of Texas Has $14.85 Million Stake in Phillips 66 (NYSE:PSX)

Teacher Retirement System of Texas raised its position in Phillips 66 (NYSE:PSX - Free Report) by 4,491.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,347 shares of the oil and gas company's stock after purchasing an additional 127,508 shares during the quarter. Teacher Retirement System of Texas' holdings in Phillips 66 were worth $14,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC raised its stake in Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 120 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Phillips 66 during the fourth quarter valued at $25,000. Stephens Consulting LLC increased its holdings in shares of Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 111 shares during the period. Human Investing LLC acquired a new stake in Phillips 66 in the fourth quarter worth about $30,000. Finally, Webster Bank N. A. grew its position in Phillips 66 by 48.4% in the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock valued at $31,000 after buying an additional 88 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Down 0.2 %

Shares of Phillips 66 stock traded down $0.30 during midday trading on Tuesday, reaching $126.17. 332,265 shares of the company's stock traded hands, compared to its average volume of 2,621,304. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The company has a market cap of $51.44 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. Phillips 66 has a 52 week low of $108.91 and a 52 week high of $174.08. The company's 50 day simple moving average is $124.32 and its 200 day simple moving average is $125.58.

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Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings results 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 in the prior year, the company posted $3.09 EPS. Equities analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.65%. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PSX. Wolfe Research raised shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Wells Fargo & Company increased their price objective on Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Piper Sandler cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. StockNews.com downgraded Phillips 66 from a "hold" rating to a "sell" rating in a report on Sunday, March 2nd. Finally, Barclays upped their price target on Phillips 66 from $115.00 to $135.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Phillips 66 presently has an average rating of "Moderate Buy" and a consensus target price of $147.54.

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.