Phillips 66 (PSX) Shares Declined While Hm Payson & Company Decreased Stake by $8.67 Million

Phillips 66 (NYSE:PSX) Corporate LogoDuring 2018 Q2 the big money sentiment increased to 1.16. That’s change of 0.25, from 2018Q1’s 0.91. 30 investors sold all, 374 reduced holdings as PSX ratio is positive. 335 increased stakes while 132 funds bought stakes. Funds hold 314.02 million shares thus 0.04% less from 2018Q1’s 314.13 million shares. Plancorp Limited Liability Corp holds 4,693 shs. Pinnacle Prns Inc owns 5,344 shs or 0.06% of their US capital. 140,115 are held by Comerica Retail Bank. Vestor Ltd Co accumulated 50,297 shs. Homrich & Berg owns 4,141 shs for 0.03% of their capital. Metropolitan Life Ins Communication Ny invested in 63,537 shs. Moreover, Grantham Mayo Van Otterloo & Ltd Limited Liability Company has 0.12% invested in Phillips 66 (NYSE:PSX). 36,004 are owned by Cipher L P. Pitcairn Co holds 0.08% of its capital in Phillips 66 (NYSE:PSX) for 6,440 shs. Csat Invest Advisory Limited Partnership holds 0% of its capital in Phillips 66 (NYSE:PSX) for 30 shs. Fisher Asset Mngmt Ltd Llc holds 0% in Phillips 66 (NYSE:PSX) or 4,574 shs. First Foundation Advsrs invested 0.03% of its capital in Phillips 66 (NYSE:PSX). First Citizens Bancorporation Trust reported 0.07% in Phillips 66 (NYSE:PSX). Farmers Merchants Investments Inc holds 0.53% of its capital in Phillips 66 (NYSE:PSX) for 64,794 shs. Carderock Capital Mngmt Incorporated reported 21,145 shs.

PSX had 0 insider sales and 1 insider buy since November 20, 2018. This’s net activity of $1.98 million.

In Phillips 66 (PSX) was reduced the stake owned by Hm Payson & Company. The reduction is 25.53% according to 2018Q2 Securities and Exchange filling. The company’s stock sank 3.10% while Hm Payson & Company sold 77,376 shares. The integrated oil company at the end of 2018Q2 was valued at $25.35M. It’s down from 303,122 at the end of the previous reported quarter. Now it had 225,746 shares held by the institutional investor . $41.66 billion is the MC of Phillips 66. PSX reached $90.35 during the last trading session after $2.25 change.Phillips 66 is uptrending after having risen 30.83% since December 8, 2017. PSX has 3.88 million volume or 29.15% up from normal. PSX outperformed the S&P 500 by 15.21%.

About $2.21B and $2.34 billion US Long portfolio Hm Payson & Company manages. According to a filing the fund increased its stake in Ishares 1 (CSJ) by 31,463 shares to 644,321 shares, valued at $66.82 million in 2018Q2. Hm Payson & Company has risen its stake in Fiserv Inc (NASDAQ:FISV) and also increased its holding in Spdr S&P 500 (Mkt) (SPY) by 37,380 shares in the quarter, for a total of 110,197 shares.

Phillips 66 (NYSE:PSX)’s earnings report is expected on February, 1., Zacks reports. This year’s EPS analyst estimate is expected to be $1.95. That is 82.24 % up compareed to $1.07 EPS for last year. If reported the P/E will be 11.58 with $899.20 million profit. Wall Street sees -37.10 % negative EPS growth as of February, 1.

A couple more Phillips 66 (NYSE:PSX) news were released by: Seekingalpha.com which released on December 06, 2018 “Phillips 66: Buffett Dividend Stock On Sale – Phillips 66 (NYSE:PSX) – Seeking Alpha”, also Nasdaq.com on December 07, 2018 released “Consolidated Research: 2018 Summary Expectations for Equifax, Celanese, McKesson, ManpowerGroup, NewMarket, and Phillips 66 — Fundamental Analysis, Key Performance Indications – Nasdaq”, the next Bizjournals.com is “Phillips 66 Partners names female executive as new COO to lead MLP – Houston Business Journal” on November 28, 2018. Fool.com has article titled “Warren Buffett Just Sold 19 Million Shares of This Oil Giant: Here’s the Big Takeaway – Motley Fool”.

Phillips 66 (NYSE:PSX) Ratings Coverage

A total of 9 analysts rate Phillips 66 (NYSE:PSX) as follows: 4 “Buy”, 5 “Hold” and 0 “Sell”. Тherefore 44% are bullish. (NYSE:PSX) has 11 ratings reports on Dec 8, 2018 according to StockzIntelligence. On Friday, September 7 the firm earned “Neutral” rating by Citigroup. On Tuesday, October 30 JP Morgan upgraded Phillips 66 (NYSE:PSX) rating. JP Morgan has “Overweight” rating and $138 target. On Friday, November 16 the stock of Phillips 66 (NYSE:PSX) earned “Buy” rating by U.S. Capital Advisors. On Wednesday, August 15 the stock has “Neutral” rating by Citigroup. On Monday, October 29 the firm earned “Outperform” rating by Wells Fargo. On Tuesday, October 16 the rating was upgraded by Jefferies to “Hold”. On Tuesday, November 20 Morgan Stanley maintained Phillips 66 (NYSE:PSX) rating. Morgan Stanley has “Equal-Weight” rating and $120 target. In Monday, July 16 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Monday, October 29 Raymond James maintained the shares of PSX in report with “Outperform” rating. The stock rating was upgraded by Barclays Capital to “Equal-Weight” on Wednesday, October 3.

Phillips 66 (NYSE:PSX) Institutional Investors Chart

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