Robeco Institutional Asset Management B.V. Purchases 67,777 Shares of Phillips 66 (NYSE:PSX)

Robeco Institutional Asset Management B.V. lifted its position in shares of Phillips 66 (NYSE:PSX – Get Rating) by 46.2% during the third quarter, Holdings Channel.com reports. The firm owned 214,455 shares of the oil and gas company’s stock after buying an additional 67,777 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Phillips 66 were worth $17,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in PSX. Hallmark Capital Management Inc. increased its stake in Phillips 66 by 62.5% during the 3rd quarter. Hallmark Capital Management Inc. now owns 325 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 125 shares during the period. Worth Asset Management LLC bought a new position in Phillips 66 during the 1st quarter worth $32,000. Horan Securities Inc. increased its stake in Phillips 66 by 210.6% during the 3rd quarter. Horan Securities Inc. now owns 351 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 238 shares during the period. Core Alternative Capital increased its stake in Phillips 66 by 218.3% during the 3rd quarter. Core Alternative Capital now owns 366 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 251 shares during the period. Finally, Heritage Wealth Management LLC bought a new position in Phillips 66 during the 2nd quarter worth $37,000. Institutional investors own 70.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gregory Hayes bought 10,250 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were purchased at an average cost of $97.75 per share, with a total value of $1,001,937.50. Following the acquisition, the director now owns 14,299 shares of the company’s stock, valued at $1,397,727.25. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.74% of the company’s stock.

Phillips 66 Trading Down 0.3 %

NYSE PSX opened at $94.72 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.38 and a debt-to-equity ratio of 0.49. Phillips 66 has a twelve month low of $74.02 and a twelve month high of $113.53. The company has a market cap of $43.94 billion, a price-to-earnings ratio of 4.13, a price-to-earnings-growth ratio of 0.33 and a beta of 1.37. The business’s fifty day moving average is $102.53 and its 200 day moving average is $99.39.

Phillips 66 (NYSE:PSX – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $4.00 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.35). The company had revenue of $40.91 billion for the quarter, compared to analyst estimates of $34.30 billion. Phillips 66 had a return on equity of 31.20% and a net margin of 6.27%. During the same period in the previous year, the firm posted $2.94 earnings per share. As a group, sell-side analysts expect that Phillips 66 will post 15.68 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 21st were issued a dividend of $1.05 per share. The ex-dividend date was Friday, February 17th. This is an increase from Phillips 66’s previous quarterly dividend of $0.97. This represents a $4.20 annualized dividend and a yield of 4.43%. Phillips 66’s payout ratio is presently 18.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PSX shares. Wells Fargo & Company reduced their target price on Phillips 66 from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, January 5th. UBS Group started coverage on Phillips 66 in a report on Wednesday, March 8th. They issued a “buy” rating and a $139.00 target price on the stock. Royal Bank of Canada raised their target price on Phillips 66 from $130.00 to $132.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Piper Sandler reduced their target price on Phillips 66 from $155.00 to $137.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. Finally, Raymond James raised their target price on Phillips 66 from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, January 13th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.27.

Phillips 66 Profile

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Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services.