Phillips 66 (PSX) Stake Cut by Highland Capital Management LLC

Paterniano Del Favero
Agosto 9, 2017

The oil and gas company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.02 by $0.07. The U S Global Investors Inc holds 6,300 shares with $544,000 value, up from 300 last quarter. M&T Bank Corp who had been investing in Phillips 66 for a number of months, seems to be bullish on the $43.42B market cap company. Phillips 66's dividend payout ratio is presently 83.58%. It has underperformed by 15.93% the S&P500. Lapides Asset Management Llc sold 19,900 shares as Franklin Covey Co (FC)'s stock rose 13.97%. As of quarter end Hm Payson & Co had acquired a total of 3,775 shares growing its holdings by 1.2%. Brown Advisory Secs Limited Liability Company invested in 12,394 shares or 0.29% of the stock. Phillips 66 (NYSE:PSX) has risen 0.77% since August 8, 2016 and is uptrending. It has outperformed by 17.07% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 4 selling transactions for $9.18 million activity. Amer Intll Gp reported 377,308 shares. On Wednesday, March 15 Stoppelman Jeremy sold $8.44M worth of Yelp Inc (NYSE:YELP) or 250,000 shares. On Tuesday, May 23 the insider Baker Charles sold $343,728.

Investors sentiment decreased to 0.93 in Q4 2016. Its up 0.14, from 1.02 in 2016Q3. (NASDAQ:ASYS) for 1,794 shares. Zebra Cap Mngmt Limited Liability Company holds 0.4% or 15,376 shares. Lincoln Capital Llc, a Nebraska-based fund reported 69,289 shares. State Bank Of America Corp De accumulated 0% or 100 shares. Ibm Retirement Fund invested 0.16% of its portfolio in Phillips 66 (NYSE:PSX). Guggenheim Lc holds 562,128 shares. Janus Capital Mngmt Limited Com reported 27,800 shares. Bankshares Of Ny Mellon Corporation invested in 0% or 75,944 shares. Pure Inc holds 4,575 shares or 0.18% of its portfolio. Dubuque Bancorporation & Co invested in 0.05% or 2,036 shares. D E Shaw invested in 0.17% or 2.63M shares. Group holds 199,504 shares or 0.07% of its portfolio. 14,904 are held by Paloma Mngmt Communication. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Therefore 49% are positive. Pacific Crest reinitiated the shares of YELP in report on Friday, February 17 with "Sector Weight" rating. The firm has "Hold" rating by RBC Capital Markets given on Tuesday, August 1. J.P. Morgan maintained Yelp Inc (NYSE:YELP) rating on Friday, August 4. RBC Capital Markets has "Hold" rating and $87 target. Roth Capital initiated Amtech Systems, Inc. The firm earned "Overweight" rating on Tuesday, April 11 by Pacific Crest. The rating was maintained by Piper Jaffray on Wednesday, August 2 with "Buy".

The following firms have also recently changed their position in PSX. "Stock Popped Today" on August 04, 2017.

The stock is trading at $85.60 a tad above $81.91, the stock's 50 day moving average and which is slightly above the 200 day moving average of $79.67. BlackRock Inc. raised its stake in shares of Phillips 66 by 2,329.3% in the first quarter. UBS Asset Management Americas Inc. increased its position in shares of Phillips 66 by 5.3% in the first quarter.

Investors sentiment decreased to 0.93 in Q4 2016. 838.20 million shares or 0.09% more from 837.48 million shares in 2016Q3 were reported. It worsened, as 59 investors sold PSX shares while 382 reduced holdings. 115 funds opened positions while 706 raised stakes. (NYSE:T). Proshare Advisors owns 2.04 million shares for 0.96% of their portfolio. Mai Capital Management has 6,210 shares.

COPYRIGHT VIOLATION WARNING: "Phillips 66 (NYSE:PSX) Stake Raised by Hartland & Co". Lombard Odier Asset Management (Europe) Ltd stated it has 77,328 shares. RBC Capital Markets maintained Phillips 66 (NYSE:PSX) rating on Thursday, July 20. Dorsey Whitney Trust Com Ltd Liability Corp reported 0.11% stake.

Shares of Phillips 66 (NYSE PSX) traded down 0.62% on Monday, hitting $85.07. Service Automobile Association accumulated 0.12% or 416,942 shares. (NYSE:T). Iron Ltd Llc stated it has 11,533 shares or 0.33% of all its holdings. Waters Parkerson And Commerce Ltd Llc invested in 0.04% or 4,161 shares. Howe & Rusling reported 0.01% stake.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Tuesday, August 1st.

TRADEMARK VIOLATION NOTICE: "Brown Advisory Securities LLC Increases Stake in Phillips 66 (PSX)" was reported by StockNewsTimes and is the sole property of of StockNewsTimes. Therefore 28% are positive. Equities research analysts anticipate that Phillips 66 will post $4.09 earnings per share for the current year.

Equity analyst Barclays both downgraded the stock and lowered the price target on July 13 cutting the price target from $93.00 to $86.00 and altering the rating from "Overweight" to "Equal-weight". Piper Jaffray maintained it with "Buy" rating and $8400 target in Thursday, July 13 report. RBC Capital Markets maintained Phillips 66 (NYSE:PSX) rating on Monday, November 2.

A number of equities research analysts have recently issued reports on the company. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. As per Thursday, June 1, the company rating was maintained by Jefferies. The firm has "Sell" rating by Goldman Sachs given on Monday, November 23.

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