Economy

Investors Buy Shares of Phillips 66 (NYSE:PSX) on Weakness

The stock declined 0.66% or $0.56 reaching $83.93 on the news.

At the present time, shares of Phillips 66 (PSX) are worth at $83.64. It has underperformed by 16.96% the S&P500. Tradewinds Mgmt stated it has 468 shares. It last trading capacity has been watched at 1.85 million shares and 2.14 million shares are explored as seeing the average capacity of last three months trading period. Center Coast Capital Advisors Lp owns 3.11 million shares or 3.84% of their U.S. portfolio. This is a positive change from Phillips 66 Partners's previous quarterly dividend of $0.59. Tc Pipelines Lp (NYSE:TCP) was reduced too.

Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.06, from 0.99 in 2016Q3. 93 funds opened positions while 316 raised stakes. First Financial In owns 2,231 shares.

Phillips 66 Partners (NYSE:PSXP) last released its quarterly earnings data on Tuesday, August 1st. Winch Advisory Services LLC raised its position in Phillips 66 by 5,872.7% in the first quarter. 32,575 are owned by Laurel Grove Capital Limited. Nbw Capital Llc, a Massachusetts-based fund reported 156,146 shares.#img1#. State Of New Jersey Common Pension Fund D owns 215,000 shares. Apg Asset Mngmt Nv holds 1.50 million shares or 0.14% of its portfolio. Caxton Corp bought 349,248 shares as the company's stock rose 35.89% with the market. Barrow Hanley Mewhinney & Strauss LLC now holds 230,100 shares with a value of $19,027,000. Webster Bankshares N A reported 1,184 shares.

NA continued to hold its position in shares of Phillips 66 (NYSE:PSX) during the first quarter, Holdings Channel reports. Piper Jaffray Companies reiterated a "buy" rating and issued a $84.00 price objective on shares of Phillips 66 in a research note on Friday, July 14th. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. The company now has a consensus rating of "Hold" and an average price target of $83.53. The company was downgraded on Wednesday, July 13 by Barclays Capital. BidaskClub raised Phillips 66 from a "strong sell" rating to a "sell" rating in a research report on Tuesday, June 13th. As per Monday, March 28, the company rating was initiated by Cowen & Co. The firm earned "Hold" rating on Thursday, June 1 by Jefferies. The company was maintained on Tuesday, January 26 by Credit Suisse. On Monday, October 10 the stock rating was maintained by with "Buy". Wisconsin-based A D Beadell Counsel has invested 1.75% in Carnival plc (LON:CCL). Its up 0.07, from 0.95 in 2016Q3. The total value of its holdings increased 55.1%. Zimmer L P accumulated 0.42% or 275,275 shares. 3,300 were reported by Atria Investments Limited Liability Co. Sandy Spring Comml Bank accumulated 0.24% or 30,796 shares. Moreover, Platinum Investment Management Ltd has 4.08% invested in the company for 2.28 million shares. Pinebridge Invests Ltd Partnership has 186,710 shares. Cannell Peter B And Company has invested 0.04% of its portfolio in Phillips 66 (NYSE:PSX). Thompson Davis And has 0.02% invested in BioMarin Pharmaceutical Inc. The Massachusetts-based Panagora Asset Mgmt Inc has invested 0.07% in TJX Companies Inc (NYSE:TJX). Gamco Et Al holds 0% in TJX Companies Inc (NYSE:TJX) or 9,899 shares. Fiera invested in 6,370 shares.

BioMarin Pharmaceutical Inc.is a biotechnology company. West Oak Cap Lc holds 4,124 shares. Therefore 80% are positive. The TJX Companies had 39 analyst reports since August 10, 2015 according to SRatingsIntel.

Another recent and important Phillips 66 Partners LP (NYSE:PSXP) news was published by Nasdaq.com which published an article titled: "Phillips 66 Partners LP (PSXP) Ex-Dividend Date Scheduled for July 27, 2017" on July 26, 2017. The company was initiated on Thursday, February 25 by Morgan Stanley. Stifel Nicolaus maintained it with "Buy" rating and $6300 target in Thursday, June 22 report. The firm has "Outperform" rating given on Thursday, April 21 by Raymond James. BMO Capital Markets has "Buy" rating and $8500 target. Barclays Capital maintained the stock with "Overweight" rating in Monday, November 2 report. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. Shares for $89,110 were sold by Sherr Richard on Wednesday, May 17. PEREZ ARNALDO sold $726,710 worth of stock.

About 126,841 shares traded. Valero Energy Corp New (NYSE:VLO) was reduced too.

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