December 26, 2017 – By Ellis Scott
Sentiment for Phillips 66 (NYSE:PSX)
Phillips 66 (NYSE:PSX) institutional sentiment increased to 0.92 in 2017 Q3. Its up 0.07, from 0.85 in 2017Q2. The ratio is more positive, as 376 active investment managers started new or increased positions, while 409 decreased and sold holdings in Phillips 66. The active investment managers in our partner’s database now possess: 353.24 million shares, up from 349.91 million shares in 2017Q2. Also, the number of active investment managers holding Phillips 66 in their top 10 positions increased from 11 to 12 for an increase of 1. Sold All: 40 Reduced: 369 Increased: 282 New Position: 94.
Phillips 66 operates as an energy manufacturing and logistics company. The company has market cap of $51.91 billion. It operates through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 25.6 P/E ratio. The Midstream segment gathers, processes, transports, and markets natural gas; transports, stores, fractionates, and markets natural gas liquids in the United States; and stores, refrigerates, and exports liquefied petroleum gas (LPG) primarily to Asia and Europe.
The stock increased 0.59% or $0.6 during the last trading session, reaching $101.49. About 54,477 shares traded. Phillips 66 (NYSE:PSX) has risen 0.77% since December 26, 2016 and is uptrending. It has underperformed by 15.93% the S&P500.
Analysts await Phillips 66 (NYSE:PSX) to report earnings on February, 2. They expect $1.27 earnings per share, up 693.75 % or $1.11 from last year’s $0.16 per share. PSX’s profit will be $649.62M for 19.98 P/E if the $1.27 EPS becomes a reality. After $1.66 actual earnings per share reported by Phillips 66 for the previous quarter, Wall Street now forecasts -23.49 % negative EPS growth.
Rr Partners Lp holds 9.4% of its portfolio in Phillips 66 for 1.50 million shares. Norman Fields Gottscho Capital Management Llc owns 96,254 shares or 5.31% of their US portfolio. Moreover, Lincoln Capital Llc has 4.63% invested in the company for 81,960 shares. The Nebraska-based Berkshire Hathaway Inc has invested 4.16% in the stock. Alta Capital Management Llc, a Utah-based fund reported 633,551 shares.#img1#
Since January 1, 0001, it had 0 buys, and 2 sales for $373,204 activity.
Phillips 66 (NYSE:PSX) Ratings Coverage
Ratings analysis reveals 44% of Phillips 66’s analysts are positive. Out of 18 Wall Street analysts rating Phillips 66, 8 give it “Buy”, 2 “Sell” rating, while 8 recommend “Hold”. The lowest target is $63 while the high is $114. The stock’s average target of $90.75 is -10.58% below today’s ($101.49) share price. PSX was included in 61 notes of analysts from August 4, 2015. Barclays Capital downgraded the stock to “Underweight” rating in Tuesday, November 14 report. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Friday, June 17 report. As per Monday, April 11, the company rating was maintained by Credit Suisse. The company was maintained on Thursday, September 14 by RBC Capital Markets. The rating was maintained by on Monday, October 10 with “Equal-Weight”. The stock has “Hold” rating by Jefferies on Thursday, June 1. The stock of Phillips 66 (NYSE:PSX) earned “Outperform” rating by Oppenheimer on Friday, September 18. The company was maintained on Tuesday, October 17 by Cowen & Co. UBS maintained Phillips 66 (NYSE:PSX) rating on Wednesday, November 15. UBS has “Neutral” rating and $92 target. The stock has “Sell” rating by Goldman Sachs on Monday, November 23.
More notable recent Phillips 66 (NYSE:PSX) news were published by: Seekingalpha.com which released: “Phillips 66 Partners: 5.3% Yield, Distributions Up 3x In 4 Years Since IPO …” on December 13, 2017, also Seekingalpha.com with their article: “3 Reasons Phillips 66 Is Closing In On $100/Share” published on December 04, 2017, Bizjournals.com published: “Phillips 66 president to retire this year” on December 12, 2017. More interesting news about Phillips 66 (NYSE:PSX) were released by: Nasdaq.com and their article: “First Week of August 2018 Options Trading For Phillips 66 (PSX)” published on December 19, 2017 as well as Bizjournals.com‘s news article titled: “5 things to know in Texas energy this week” with publication date: December 11, 2017.
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