State of New Jersey Common Pension Fund D increased its holdings in Phillips 66 (NYSE:PSX) by 18.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,000 shares of the oil and gas company’s stock after acquiring an additional 40,000 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of Phillips 66 worth $24,320,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Winslow Evans & Crocker Inc. boosted its position in shares of Phillips 66 by 2.5% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 4,186 shares of the oil and gas company’s stock worth $400,000 after purchasing an additional 104 shares in the last quarter. Montecito Bank & Trust boosted its position in shares of Phillips 66 by 4.1% in the 2nd quarter. Montecito Bank & Trust now owns 2,679 shares of the oil and gas company’s stock worth $250,000 after buying an additional 105 shares in the last quarter. Deane Retirement Strategies Inc. boosted its position in shares of Phillips 66 by 0.6% in the 1st quarter. Deane Retirement Strategies Inc. now owns 18,423 shares of the oil and gas company’s stock worth $1,754,000 after buying an additional 112 shares in the last quarter. Glassman Wealth Services boosted its position in shares of Phillips 66 by 32.6% in the 1st quarter. Glassman Wealth Services now owns 472 shares of the oil and gas company’s stock worth $45,000 after buying an additional 116 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Phillips 66 by 5.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,573 shares of the oil and gas company’s stock worth $244,000 after buying an additional 123 shares in the last quarter. 70.14% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director John E. Lowe acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of $82.91 per share, with a total value of $165,820.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Shares of NYSE PSX traded up $0.75 on Tuesday, reaching $103.56. 118,431 shares of the company traded hands, compared to its average volume of 2,476,399. Phillips 66 has a fifty-two week low of $78.44 and a fifty-two week high of $123.97. The firm’s 50 day moving average is $95.22. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $46.41 billion, a PE ratio of 8.84, a PEG ratio of 2.12 and a beta of 1.08.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, July 26th. The oil and gas company reported $3.02 EPS for the quarter, beating the Zacks’ consensus estimate of $2.70 by $0.32. Phillips 66 had a net margin of 4.76% and a return on equity of 19.88%. The company had revenue of $28.52 billion during the quarter, compared to the consensus estimate of $29.89 billion. During the same quarter in the prior year, the company posted $2.80 EPS. As a group, analysts anticipate that Phillips 66 will post 7.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, August 19th. Phillips 66’s dividend payout ratio is currently 30.74%.

Several equities research analysts recently commented on the stock. Bank of America reiterated a “buy” rating and issued a $420.00 price objective (up from $400.00) on shares of Lendingtree in a research report on Monday, April 29th. Raymond James reiterated an “average” rating and issued a $64.00 price objective on shares of Invesco Ultra Short Duration ETF in a research report on Monday. Morgan Stanley reiterated an “overweight” rating and issued a GBX 460 ($6.01) price objective on shares of Sophos Group in a research report on Friday, May 17th. Citigroup boosted their price objective on shares of from GBX 1,300 ($16.99) to GBX 1,450 ($18.95) and gave the stock a “buy” rating in a research report on Friday, June 21st. Finally, Jefferies Financial Group started coverage on shares of Pinduoduo in a research note on Monday, April 15th. They issued a “buy” rating and a $30.00 target price for the company. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $118.17.

Phillips 66 Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market; provides terminaling and storage services for crude oil and 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.

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

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