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

Phillips 66 (NYSE:PSX) Corporate LogoBig Money Sentiment increased to 1.16 in Q2 2018. It has change of 0.25, from 2018Q1’s 0.91. The ratio is positive due to PSX positioning: 30 sold and 374 reduced. 132 funds bought holdings and 335 increased holdings. Investors holded 314.13 million in 2018Q1 but now own 314.02 million shares or 0.04% less. Jump Trading Lc invested 0.02% of its capital in Phillips 66 (NYSE:PSX). Eaton Vance, Massachusetts-based fund reported 1.85M shs. 4,400 were accumulated by Numerixs Invest Technology. Jpmorgan Chase And Co owns 0.1% invested in Phillips 66 (NYSE:PSX) for 4.23M shs. Cap Advisors Ltd Limited Liability Corp holds 0.01% or 374 shs. Howland Cap Mgmt Ltd holds 0.04% or 4,491 shs in its capital. Fund Evaluation Group Ltd Liability Corporation stated it has 16,450 shs. Sigma Planning Corp invested in 0.09% or 11,665 shs. Wellington Group Inc Ltd Liability Partnership holds 5.28 million shs or 0.13% of its capital. Moreover, Manufacturers Life Insur The has 0.06% invested in Phillips 66 (NYSE:PSX). Old National Bancorporation In owns 4,796 shs. Kidder Stephen W owns 3,182 shs. M Hldgs Securities Inc reported 0.08% in Phillips 66 (NYSE:PSX). Segment Wealth Mngmt Limited Com owns 0.17% invested in Phillips 66 (NYSE:PSX) for 6,294 shs. Aperio Grp Inc Limited Liability Company reported 336,583 shs stake.

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

Hm Payson & Company’s holdings in Phillips 66 (PSX) is reduced by 25.53% based on its latest 2018Q2 regulatory filing with the SEC. 77,376 shares were sold by Hm Payson & Company as the company’s stock declined 3.10% while stock markets rallied. At the end of 2018Q2, the institutional investor held 225,746 shares of the integrated oil company, valued at $25.35M, down from 303,122 at the end of the previous reported quarter. $41.66B is Phillips 66’s market cap. PSX touched $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 3.88M volume or 29.15% up from normal. The stock outperformed the S&P500 by 15.21%.

According to a filing Hm Payson & Company rose its stake in Ishares 1 (CSJ) by 31,463 shares to 644,321 shares, valued at $66.82M in 2018Q2. The fund operates about $2.21 billion and $2.34 billion US Long portfolio. For a total of 197,401 shares it increased its holding in Texas Instruments Inc (NASDAQ:TXN) by 131,487 shares in the quarter, and has risen its stake in S&P Global Inc.

Phillips 66 (NYSE:PSX)’s earnings release is anticipated by WallStreet on February, 1, as reported by Faxor. Analysts forecast 82.24 % diference or $1.95 from the $1.07 EPS from 2017. The profit will be $899.20M for PSX if $1.95 earnings per share becomes true. -37.10 % negative EPS growth is what analysts predict. $3.10 earnings per share was revealed for last quarter.

A couple more Phillips 66 (NYSE:PSX) news were posted by: Bizjournals.com which released on November 28, 2018 “Phillips 66 Partners names female executive as new COO to lead MLP – Houston Business Journal”, also Seekingalpha.com on December 06, 2018 posted “Phillips 66: Buffett Dividend Stock On Sale – Phillips 66 (NYSE:PSX) – Seeking Alpha”, the next Fool.com is “Warren Buffett Just Sold 19 Million Shares of This Oil Giant: Here’s the Big Takeaway – Motley Fool” on November 16, 2018. Nasdaq.com has article titled “Consolidated Research: 2018 Summary Expectations for Equifax, Celanese, McKesson, ManpowerGroup, NewMarket, and Phillips 66 — Fundamental Analysis, Key Performance Indications – Nasdaq”.

Phillips 66 (NYSE:PSX) Ratings Coverage

Total analysts of 9 have positions in Phillips 66 (NYSE:PSX) as follows: 4 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 44%. Since July 16, 2018 according to StockzIntelligence Inc Phillips 66 has 11 analyst reports. On Friday, September 7 the rating was maintained by Citigroup with “Neutral”. On Wednesday, October 3 the firm earned “Equal-Weight” rating by Barclays Capital. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, November 20. On Monday, July 16 the stock of Phillips 66 (NYSE:PSX) has “Equal-Weight” rating given by Morgan Stanley. On Monday, October 29 Wells Fargo maintained the shares of PSX in report with “Outperform” rating. On Friday, November 16 the stock has “Buy” rating by U.S. Capital Advisors. On Tuesday, October 16 the firm has “Hold” rating by Jefferies given. In Tuesday, October 30 report JP Morgan upgraded the stock to “Overweight” rating. On Monday, October 29 the rating was maintained by Raymond James with “Outperform”. In Wednesday, August 15 report Citigroup maintained it with “Neutral” rating and $126 target.

Phillips 66 (NYSE:PSX) Institutional Investors Chart

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