Phillips 66 (PSX) Shares Bought by Viking Fund Management LLC

Viking Fund Management LLC boosted its position in Phillips 66 (NYSE:PSX) by 32.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,000 shares of the oil and gas company’s stock after buying an additional 40,000 shares during the period. Phillips 66 makes up about 2.1% of Viking Fund Management LLC’s portfolio, making the stock its 14th largest position. Viking Fund Management LLC’s holdings in Phillips 66 were worth $13,644,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Teachers Advisors LLC increased its position in shares of Phillips 66 by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 754,752 shares of the oil and gas company’s stock worth $65,218,000 after buying an additional 36,334 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Phillips 66 by 60.9% in the fourth quarter. Macquarie Group Ltd. now owns 22,600 shares of the oil and gas company’s stock worth $1,953,000 after buying an additional 8,550 shares during the last quarter. Beacon Financial Group boosted its position in Phillips 66 by 3.1% in the first quarter. Beacon Financial Group now owns 101,514 shares of the oil and gas company’s stock worth $7,978,000 after buying an additional 3,071 shares during the period. Franklin Street Advisors Inc. NC boosted its position in Phillips 66 by 10.7% in the first quarter. Franklin Street Advisors Inc. NC now owns 3,981 shares of the oil and gas company’s stock worth $315,000 after buying an additional 385 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC boosted its position in Phillips 66 by 19.8% in the first quarter. Norman Fields Gottscho Capital Management LLC now owns 99,309 shares of the oil and gas company’s stock worth $7,867,000 after buying an additional 16,415 shares during the period. Institutional investors own 69.57% of the company’s stock.

Phillips 66 (PSX) opened at 81.56 on Friday. The stock has a market capitalization of $41.72 billion, a price-to-earnings ratio of 24.39 and a beta of 1.22. The stock’s 50 day moving average is $83.33 and its 200 day moving average is $79.81. Phillips 66 has a one year low of $75.14 and a one year high of $88.87.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The business had revenue of $24.58 billion during the quarter, compared to analyst estimates of $25.14 billion. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. During the same period in the previous year, the company earned $0.94 EPS. On average, equities analysts forecast that Phillips 66 will post $4.02 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a dividend yield of 3.43%. Phillips 66’s dividend payout ratio is 83.58%.

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PSX has been the topic of a number of recent analyst reports. Citigroup Inc. reaffirmed a “neutral” rating and set a $83.00 price target (down from $84.00) on shares of Phillips 66 in a research note on Saturday, April 22nd. Scotiabank set a $86.00 price target on shares of Phillips 66 and gave the stock a “hold” rating in a research note on Monday, May 1st. TheStreet raised shares of Phillips 66 from a “c” rating to a “b-” rating in a research note on Friday, April 28th. US Capital Advisors reaffirmed a “buy” rating on shares of Phillips 66 in a research note on Monday, May 22nd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $88.00 price target on shares of Phillips 66 in a research note on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $83.53.

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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