Virtu Financial LLC purchased a new position in Phillips 66 (NYSE:PSX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,135 shares of the oil and gas company’s stock, valued at approximately $1,733,000.

A number of other institutional investors have also bought and sold shares of PSX. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Phillips 66 during the 4th quarter valued at $102,000. First Dallas Securities Inc. acquired a new stake in shares of Phillips 66 during the 4th quarter valued at $143,000. FTB Advisors Inc. boosted its stake in shares of Phillips 66 by 112.9% during the 3rd quarter. FTB Advisors Inc. now owns 1,471 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 780 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Phillips 66 in the 2nd quarter valued at $127,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Phillips 66 in the 3rd quarter valued at $141,000. Hedge funds and other institutional investors own 77.87% of the company’s stock.

Shares of Phillips 66 (NYSE:PSX) opened at $94.46 on Friday. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $107.47. 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 company has a market cap of $47,350.00, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.21. Phillips 66 had a net margin of 4.88% and a return on equity of 9.18%. The firm had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $30.71 billion. During the same quarter in the prior year, the firm earned $0.16 earnings per share. equities research analysts forecast that Phillips 66 will post 7.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, February 16th. Phillips 66’s dividend payout ratio is 61.00%.

PSX has been the subject of several analyst reports. Vetr lowered shares of Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 price objective for the company. in a research note on Tuesday, November 21st. US Capital Advisors downgraded shares of Phillips 66 from an “overweight” rating to a “hold” rating in a report on Monday, December 4th. Goldman Sachs Group upgraded shares of Phillips 66 to a “buy” rating in a report on Monday, December 18th. Royal Bank of Canada restated a “hold” rating and set a $102.00 price objective on shares of Phillips 66 in a report on Wednesday, December 20th. Finally, Credit Suisse Group began coverage on shares of Phillips 66 in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $108.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $103.46.

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About Phillips 66

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.

Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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