Economy

Phillips 66 Partners LP (PSXP) Given Buy Rating at Mizuho

Mariner Investment Group Llc bought 106,800 shares as the company's stock declined 5.80% while stock markets rallied. The institutional investor held 458,439 shares of the natural gas distribution company at the end of 2017Q2, valued at $22.66 million, up from 418,839 at the end of the previous reported quarter. Duff & Phelps Investment Management Co. boosted its stake in shares of Phillips 66 Partners by 195.7% in the second quarter.

Phillips 66 Partners (NYSE PSXP) traded up 3.14% on Wednesday, hitting $51.32. It has underperformed by 16.96% the S&P500. Institutional investors own 43.07% of the company's stock. The hedge fund run by Raymond J. Harbert held 192,940 shares of the prepackaged software company at the end of 2017Q2, valued at $13.30 million, up from 175,349 at the end of the previous reported quarter. The stock increased 6.41% or $5.05 on October 27, reaching $83.81.

The counter witnessed a trading volume of 4.01 million shares versus an average volume of 5.08 million shares during last trading session.

ITUS Corporation (ITUS) is worth US$29.4 Million and has recently risen 3.13% to US$1.98.

Investors sentiment decreased to 1 in 2017 Q2. The lowest EPS estimate is $0.77 and the highest is $1.05. 13 funds opened positions while 42 raised stakes. Amer Century Incorporated, a Missouri-based fund reported 966,559 shares. Neuberger Berman Ltd owns 11,205 shares.

Phillips 66 Partners LP (PSXP) tinted gains of +3.14% (+1.56 points) to US$51.32. (NYSE:AIG), its shares were trading at $64.55 a retreat of $-0.3, on the trading floor. Metropolitan Life Insurance Ny has invested 0.05% in Phillips 66 Partners LP (NYSE:PSXP). Zimmer Prtnrs Lp invested in 62,813 shares. Goodwin Daniel L has invested 0.22% in Phillips 66 Partners LP (NYSE:PSXP). The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/30/0-89-earnings-per-share-expected-for-phillips-66-partners-lp-psxp-this-quarter.html.

Phillips 66 Partners LP (PSXP)'s earnings per share has been growing at a 34.09 percent rate over the past 5 year when average revenue increase was noted as 58.4 percent. Moreover, Us Financial Bank De has 0% invested in Phillips 66 Partners LP (NYSE:PSXP). Equities research analysts predict that Phillips 66 Partners will post $2.66 earnings per share for the current fiscal year.

Conning holds 0.08% or 44,744 shares in its portfolio. Botty Ltd owns 9,016 shares or 0.14% of their United States portfolio. Bank of New York Mellon Corp raised its stake in shares of Phillips 66 Partners by 408.3% during the 1st quarter. Alliancebernstein L.P. raised its stake in shares of Phillips 66 Partners by 40.6% during the 1st quarter. Phillips 66 Partners LP has a 1-year low of $42.47 and a 1-year high of $66.81. Also Marketwatch.com published the news titled: "Phillips 66 Partners to buy assets from Phillips 66 in deal valued at $2.4 ..." on September 22, 2017. The ex-dividend date is Monday, October 30th. Finally, BidaskClub cut Phillips 66 Partners from a "hold" rating to a "sell" rating in a research note on Wednesday, October 25th. Therefore 80% are positive. Three analysts have provided estimates for Phillips 66 Partners' earnings. The rating was upgraded by Goldman Sachs on Tuesday, October 17 to "Hold". Raymond James initiated it with "Outperform" rating and $72 target in Thursday, April 21 report. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The company was maintained on Thursday, June 1 by Jefferies.

PSXP has been the subject of a number of analyst reports. The company was upgraded on Monday, October 26 by Credit Suisse. The firm has "Buy" rating given on Monday, July 17 by Citigroup. As per Monday, September 25, the company rating was maintained by Stifel Nicolaus. The stock has "Buy" rating by RBC Capital Markets on Monday, June 19. It also reduced its holding in Videocon D2h Ltd by 49,300 shares in the quarter, leaving it with 472,553 shares, and cut its stake in Bazaarvoice Inc (NASDAQ:BV). The latest exchange of 1.92 Million shares is below its average trading activity of 2.03 Million shares. 3,000 Microsoft Corporation (NASDAQ:MSFT) shares with value of $207,339 were sold by Capossela Christopher C. The company presently has an average rating of "Buy" and an average price target of $59.75.



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