California State Teachers Retirement System boosted its holdings in shares of Phillips 66 (NYSE:PSX) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 914,096 shares of the oil and gas company’s stock after acquiring an additional 62,769 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Phillips 66 worth $92,461,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Rowland & Co. Investment Counsel ADV bought a new position in Phillips 66 during the fourth quarter worth about $102,000. First Dallas Securities Inc. bought a new position in Phillips 66 during the fourth quarter worth about $143,000. FTB Advisors Inc. lifted its holdings in Phillips 66 by 112.9% during the third quarter. FTB Advisors Inc. now owns 1,471 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 780 shares in the last quarter. Truewealth LLC bought a new position in Phillips 66 during the fourth quarter worth about $151,000. Finally, Wealthcare Advisory Partners LLC bought a new position in Phillips 66 during the third quarter worth about $141,000. Hedge funds and other institutional investors own 77.87% of the company’s stock.
Shares of Phillips 66 (NYSE:PSX) opened at $94.99 on Tuesday. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $107.47. The stock has a market capitalization of $47,610.00, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 0.37.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Tuesday, February 20th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, February 16th. Phillips 66’s dividend payout ratio is currently 61.00%.
Several research analysts have weighed in on PSX shares. UBS Group lifted their target price on Phillips 66 from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, November 15th. Goldman Sachs Group upgraded Phillips 66 to a “buy” rating in a report on Monday, December 18th. Credit Suisse Group reiterated a “neutral” rating and set a $110.00 target price on shares of Phillips 66 in a report on Wednesday, March 7th. Vetr upgraded Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 target price on the stock in a report on Monday, November 13th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $102.00 target price on shares of Phillips 66 in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $104.02.
In related news, VP Chukwuemeka A. Oyolu sold 2,700 shares of Phillips 66 stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $100.25, for a total value of $270,675.00. Following the sale, the vice president now owns 2,700 shares of the company’s stock, valued at $270,675. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.
Phillips 66 Profile
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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