Teachers Retirement System of The State of Kentucky Purchases 91,918 Shares of Phillips 66 (NYSE:PSX)

Teachers Retirement System of The State of Kentucky lifted its position in Phillips 66 (NYSE:PSX - Free Report) by 35.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,186 shares of the oil and gas company's stock after acquiring an additional 91,918 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.09% of Phillips 66 worth $46,163,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in shares of Phillips 66 during the 2nd quarter worth approximately $26,000. nVerses Capital LLC purchased a new stake in shares of Phillips 66 during the 3rd quarter valued at $26,000. Values First Advisors Inc. bought a new stake in shares of Phillips 66 during the 3rd quarter worth $30,000. Kings Path Partners LLC purchased a new position in shares of Phillips 66 in the 2nd quarter worth about $38,000. Finally, Industrial Alliance Investment Management Inc. bought a new stake in Phillips 66 in the second quarter worth about $40,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Trading Down 0.2 %

Shares of PSX stock traded down $0.29 on Wednesday, hitting $125.33. 2,576,066 shares of the company's stock traded hands, compared to its average volume of 2,657,375. 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 stock has a market capitalization of $51.76 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 4.24 and a beta of 1.35. The company's fifty day simple moving average is $130.66 and its 200 day simple moving average is $134.18. Phillips 66 has a one year low of $119.77 and a one year high of $174.08.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data 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. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter in the previous year, the business earned $4.63 earnings per share. The company's quarterly revenue was down 10.3% on a year-over-year basis. Equities analysts forecast that Phillips 66 will post 7.59 EPS for the current year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Monday, November 18th. Phillips 66's payout ratio is 59.05%.

Analyst Ratings Changes

PSX has been the subject of several research analyst reports. UBS Group decreased their price target on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Scotiabank lowered their price target on shares of Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Barclays cut their target price on 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. Piper Sandler set a $144.00 price target on Phillips 66 in a research report on Thursday, October 17th. Finally, Mizuho cut their price target on shares of Phillips 66 from $154.00 to $150.00 and set a "neutral" rating for the company in a report on Monday, September 16th. Five investment 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $149.23.

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.