The institutional investor held 2.36 million shares of the consumer services company at the end of 2017Q3, valued at $188.31 million, up from 2.00 million at the end of the previous reported quarter. Guardian Life Insurance Company Of America who had been investing in Phillips 66 for a number of months, seems to be less bullish one the $53.69B market cap company. The stock decreased 0.19% or $0.33 during the last trading session, reaching $173.06. About 12.83 million shares traded or 116.25% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since January 13, 2017 and is uptrending. It has outperformed by 9.09% the S&P500.
Guardian Life Insurance Company Of America decreased its stake in Phillips 66 (PSX) by 87.63% based on its latest 2017Q3 regulatory filing with the SEC. (NYSE:LOW). Ww Asset Mgmt accumulated 90,185 shares or 0.24% of the stock. The oil and gas company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.62 by $0.04. Santa Barbara Asset Management Llc who had been investing in Phillips 66 for a number of months, seems to be bullish on the $52.36 billion market cap company.
Phillips 66 (PSX) traded up $2.60 during trading on Friday, hitting $104.97.
For the ongoing Fiscal Quarter, 17 analysts have an average earnings forecast of $1.3 per share. It has underperformed by 15.93% the S&P500.
Petroleum & Resources Corp, which manages about $646.62 million US Long portfolio, decreased its stake in Valero Energy Corp. (NYSE:OXY) by 136,865 shares to 1.92M shares, valued at $123.59 million in 2017Q3, according to the filing.
Investors sentiment increased to 0.92 in Q3 2017. Its down 0.01, from 0.78 in 2017Q2. It is positive, as 40 investors sold Phillips 66 shares while 369 reduced holdings.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 353.24 million shares or 0.95% more from 349.91 million shares in 2017Q2 were reported. Stock Yards Financial Bank invested in 13,562 shares. Brown Advisory Ltd Liability Corp has 0.3% invested in Phillips 66 (NYSE:PSX). State Board Of Administration Of Florida Retirement Sys holds 0.17% or 681,805 shares in its portfolio. Credit Agricole S A holds 0.06% of its portfolio in Phillips 66 (NYSE:PSX) for 196,708 shares. Bnp Paribas Asset Holding holds 88,674 shares. Fruth Mgmt has 0.26% invested in Phillips 66 (NYSE:PSX). Carlson Lp accumulated 309,952 shares. Bb&T Ltd Liability holds 0.18% or 145,588 shares in its portfolio. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. Tortoise Cap Lc reported 0.01% stake.
Shares of Phillips 66 (NYSE:PSX) opened at $102.37 on Friday. Spinnaker Trust now owns 4,208 shares of the oil and gas company's stock worth $348,000 after buying an additional 30 shares during the last quarter.
Analysts await Phillips 66 (NYSE:PSX) to report earnings on February, 2. Therefore 44% are positive. Jefferies Group reaffirmed a hold rating and issued a $78.00 price target on shares of Phillips 66 in a research note on Tuesday, September 5th. As per Friday, April 21, the company rating was maintained by RBC Capital Markets. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Jefferies Group has a "Underperform" rating and a $75.14 price target on the stock. Goldman Sachs Group raised Phillips 66 to a "buy" rating in a research note on Monday, December 18th. The rating was maintained by Barclays Capital with "Equal-Weight" on Tuesday, October 10. The firm has "Buy" rating given on Monday, February 6 by Mizuho.
COPYRIGHT VIOLATION NOTICE: "Phillips 66 (NYSE:PSX) Now Covered by Analysts at Credit Suisse Group" was first posted by The Lincolnian Online and is the property of of The Lincolnian Online.
Since September 19, 2017, it had 0 insider buys, and 2 selling transactions for $373,204 activity. A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company. Following the completion of the sale, the vice president now directly owns 2,700 shares in the company, valued at approximately $270,675. (EDU) shares declined -1.27% and ended the day at $101.92. 1,000 shares were sold by Smith Lucinda B, worth $73,000 on Tuesday, August 8. Motco now owns 1,309 shares of the oil and gas company's stock valued at $108,000 after acquiring an additional 50 shares during the last quarter.
Investors sentiment increased to 1.04 in Q3 2017.
Since January 1, 0001, it had 0 insider purchases, and 18 sales for $10.85 million activity. It increased, as 76 investors sold LOW shares while 406 reduced holdings. 121 funds opened positions while 404 raised stakes. Finally, Spinnaker Trust grew its stake in Phillips 66 by 0.7% during the 2nd quarter. Azimuth Capital Mngmt Ltd Co invested 1.39% in The Boeing Company (NYSE:BA). Burney Communication reported 20,676 shares. Moreover, Rnc Cap Management Limited Liability Corporation has 0.31% invested in Lowe's Companies, Inc. Ameritas Invest Prns has 0.18% invested in McDonald's Corporation (NYSE:MCD) for 24,201 shares. Sawgrass Asset Ltd Liability Corp has 283,989 shares. The firm earned "Neutral" rating on Thursday, May 19 by UBS. Raymond James Tru Na invested 0.14% in Lowe's Companies, Inc. Creative Planning invested in 0.04% or 93,233 shares. 589.78 million shares or 2.68% less from 606.01 million shares in 2017Q2 were reported. 25,633 were reported by Tiedemann Wealth Mngmt Ltd Llc. Omers Administration owns 219,965 shares or 0.64% of their United States portfolio.
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