Economy

Q2 2017 Sentiment Phillips 66 (NYSE:PSX)

The institutional investor owned 318,207 shares of the oil and gas company's stock after acquiring an additional 3,775 shares during the quarter.

Pennsylvania Trust Co who had been investing in Phillips 66 for a number of months, seems to be bullish on the $45.52B market cap company.

The company declined -0.02% and closed its last trading session at $89.09. About 545,109 shares traded. Phillips 66 (NYSE:PSX) has risen 0.77% since September 19, 2016 and is uptrending. It has underperformed by 15.93% the S&P500. Institutional investors own 69.53% of the company's stock. The firm has a market capitalization of $45.56 billion, a price-to-earnings ratio of 26.65 and a beta of 1.20. The stock rose 0.03% or $0.02 reaching $70.7. ASNB's SI was 9,400 shares in September as released by FINRA. It has underperformed by 13.79% the S&P500.

WARNING: This piece of content was reported by TrueBlueTribune and is the property of of TrueBlueTribune. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. PSX's profit will be $895.11M for 12.74 P/E if the $1.75 EPS becomes a reality.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on October, 27. The company has market cap of $1.96 million. Shares for $632,700 were sold by DRUTEN ROBERT J. Prudential Fin invested 0.32% of its portfolio in Phillips 66 (NYSE:PSX). Its up 0.03, from 0.82 in 2017Q1. 93 funds opened positions while 316 raised stakes. Ironwood Limited Liability Corporation holds 0% or 55 shares in its portfolio. Modera Wealth Ltd holds 0.11% or 3,925 shares. Blue Chip Prns invested in 50,337 shares or 1.7% of the stock. Doheny Asset Ca stated it has 30,432 shares or 1.27% of all its holdings. Wetherby Asset Mngmt Incorporated owns 10,922 shares. Bennicas And Associate holds 0.54% or 6,960 shares. Out of 3 Wall Street analysts rating Eagle Materials, 2 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Therefore 43% are positive. Ladenburg Thalmann upgraded the stock to "Buy" rating in Thursday, September 17 report. (NYSE:EXP) has "Neutral" rating given on Monday, December 5 by Citigroup. The company was initiated on Thursday, May 19 by UBS. On Thursday, August 24 the stock rating was maintained by KeyBanc Capital Markets with "Buy".

Phillips 66 (PSX) now the company's industry has 12.4 P/E and the sector P/E is 16.25. The company was upgraded on Friday, July 15 by KeyBanc Capital Markets. The company was downgraded on Friday, September 2 by Bank of America. The ex-dividend date of this dividend was Wednesday, August 16th. What's the Impact?" with publication date: "September 10, 2017. Norman Fields Gottscho Capital Management Llc owns 95,514 shares or 4.94% of their U.S. portfolio.

Phillips 66 (PSX) reported sales (ttm) of 92.03 Billion, whereas, 5 number of analysts estimated the mean sale of 28020.2 million. Therefore 28% are positive. Equities research analysts predict that Phillips 66 will post $4.23 earnings per share for the current year. Everence Capital Management Inc.'s holdings in Phillips 66 were worth $1,660,000 at the end of the most recent reporting period. Credit Suisse has "Outperform" rating and $85 target. The stock has "Overweight" rating by Barclays Capital on Monday, November 2. Piper Jaffray has "Buy" rating and $8400 target. The rating was downgraded by Wells Fargo to "Market Perform" on Friday, July 8. Piper Jaffray maintained the shares of PSX in report on Monday, August 22 with "Neutral" rating. Finally, TheStreet lowered shares of Phillips 66 from a "b-" rating to a "c" rating in a research note on Monday, June 5th. Phillips 66's payout ratio is 83.58%.

The stock of STMicroelectronics NV (ADR) (NYSE:STM) hit a new 52-week high and has $20.67 target or 5.00% above today's $19.69 share price. Phillips 66 (NYSE:PSX) has risen 0.77% since September 20, 2016 and is uptrending. Its up 0.03, from 0.82 in 2017Q1. It increased, as 59 investors sold Phillips 66 shares while 382 reduced holdings. Zacks Investment Research cut shares of Phillips 66 from a "hold" rating to a "sell" rating in a research report on Wednesday, July 12th. Brown Advisory Secs Llc holds 0.28% or 14,853 shares. Janney Montgomery Scott Ltd Liability Co has invested 0.18% in Phillips 66 (NYSE:PSX). Saturna Cap reported 222,022 shares or 0.67% of all its holdings. Main Street Research, California-based fund reported 111,852 shares. Eaton Vance reported 0.34% stake. Ohio-based Keybank National Association Oh has invested 0.23% in Phillips 66 (NYSE:PSX). Massmutual Fsb Adv invested 0% in Phillips 66 (NYSE:PSX). Dekabank Deutsche Girozentrale reported 141,336 shares stake. Obermeyer Wood Counsel Lllp has 0.05% invested in Phillips 66 (NYSE:PSX). Credit Suisse Ag stated it has 679,441 shares. Boyer & Corporon Wealth Mgmt Limited Liability Corporation accumulated 1.68% or 41,702 shares.

Pennsylvania Trust Co, which manages about $2.03 billion US Long portfolio, decreased its stake in Vulcan Matls Co (NYSE:VMC) by 2,615 shares to 1,700 shares, valued at $215,000 in 2017Q2, according to the filing. Bank of The Ozarks grew its position in Phillips 66 by 7.0% in the 1st quarter.

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