Economy

Phillips 66 (NYSE:PSX) Rating Increased to Buy at Goldman Sachs Group

Palouse Capital Management Inc bought 3,483 shares as the company's stock declined 5.32% while stock markets rallied. The hedge fund held 90,435 shares of the integrated oil company at the end of 2017Q3, valued at $8.28 million, down from 209,793 at the end of the previous reported quarter. Petroleum & Resources Corp who had been investing in Phillips 66 for a number of months, seems to be bullish on the $51.97B market cap company. The stock increased 0.41% or $0.41 during the last trading session, reaching $101.56. About 4.35 million shares traded. Rbf Cap Ltd Liability Corporation has 0.58% invested in Phillips 66 (NYSE:PSX). It has underperformed by 15.93% the S&P500.

Glenmede Trust Company Na decreased its stake in Reliance Steel And Aluminum (RS) by 92.24% based on its latest 2017Q3 regulatory filing with the SEC. BlackRock Inc. now owns 28,025,035 shares of the oil and gas company's stock worth $2,317,389,000 after purchasing an additional 203,138 shares during the last quarter. Palouse Capital Management Inc who had been investing in Procter And Gamble Co for a number of months, seems to be bullish on the $233.10B market cap company. The stock decreased 1.46% or $0.64 during the last trading session, reaching $43.31. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since January 2, 2017 and is uptrending. It has outperformed by 10.05% the S&P500. Vetr raised shares of Phillips 66 from a "hold" rating to a "buy" rating and set a $97.16 target price for the company in a research report on Monday, November 13th. Therefore 44% are positive. Analysts expect that Phillips 66 will post $4.72 earnings per share for the current year. The firm has "Overweight" rating by Barclays Capital given on Tuesday, July 18. Fca Corp Tx has invested 0.63% of its portfolio in Phillips 66 (NYSE:PSX). Oppenheimer maintained Phillips 66 (NYSE:PSX) on Friday, December 4 with "Outperform" rating. Barclays PLC decreased their price objective on shares of Phillips 66 from $93.00 to $87.00 and set an "equal weight" rating for the company in a report on Monday, February 6th. The firm earned "Buy" rating on Thursday, July 6 by Jefferies. Piper Jaffray Companies reiterated a "buy" rating and set a $98.00 price target on shares of Phillips 66 in a research note on Tuesday, September 26th.

Vanguard Group Inc. increased its position in Phillips 66 by 0.4% in the 2nd quarter. Its up 0.07, from 0.85 in 2017Q2. BlackRock Fund Advisors boosted its stake in shares of Phillips 66 by 6.9% in the second quarter. The oil and gas company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.62 by $0.04. Jennison Ltd Limited Liability Company holds 5,217 shares or 0% of its portfolio. Neuberger Berman Group LLC now owns 899,533 shares of the company's stock valued at $71,369,000 after buying an additional 700,856 shares in the last quarter. FMR LLC now owns 7,520,743 shares of the oil and gas company's stock worth $621,890,000 after acquiring an additional 2,036,258 shares in the last quarter. (NYSE:DVA). Panagora Asset Mgmt Inc reported 490,133 shares. The hedge fund run by Rob Butts held 1.00M shares of the finance company at the end of 2017Q3, valued at $37.88M, up from 800,000 at the end of the previous reported quarter. Ghp Investment Inc has 9,785 shares for 0.14% of their portfolio. If you are accessing this report on another publication, it was copied illegally and republished in violation of USA & global copyright and trademark law.

More notable recent Phillips 66 (NYSE:PSX) news were published by: Chron.com which released: "Phillips 66, Enbridge team up on massive Permian pipeline" on December 11, 2017, also Streetinsider.com with their article: "Phillips 66 (PSX) Announces 2018 Capital Budget of $2.3 Billion" published on December 08, 2017, Seekingalpha.com published: "3 Reasons Phillips 66 Is Closing In On $100/Share" on December 04, 2017. Boston Limited Com has 0.01% invested in Phillips 66 (NYSE:PSX) for 4,123 shares. Thompson Davis And stated it has 66 shares. Finally, Bank of New York Mellon Corp grew its position in shares of Phillips 66 by 6.6% during the third quarter. Weik Invest Ser holds 0.59% of its portfolio in Phillips 66 (NYSE:PSX) for 13,595 shares. Stevens Capital Mngmt LP accumulated 16,628 shares or 0.06% of the stock. Monroe Bank & Trust Mi owns 213 shares for 0.01% of their portfolio. Catalyst Capital Advsr Ltd Liability Corporation stated it has 0% of its portfolio in Phillips 66 (NYSE:PSX). PSX's profit will be $649.63M for 20.00 P/E if the $1.27 EPS becomes a reality.

Phillips 66 announced that its Board of Directors has authorized a share repurchase plan on Monday, October 9th that authorizes the company to repurchase $3.00 billion in outstanding shares.

Since September 19, 2017, it had 0 insider purchases, and 2 sales for $373,204 activity.

Investors sentiment increased to 0.96 in Q3 2017. Shares for $1.35 million were sold by YOFFIE DAVID B. 38 funds opened positions while 77 raised stakes. (NASDAQ:FB). Moreover, Alphaone Invest Ltd Liability has 3.93% invested in Facebook, Inc. (NASDAQ:DERM) for 49,800 shares. Alps Inc invested in 4,692 shares. During the same quarter in the previous year, the firm earned $1.05 EPS. analysts expect that Phillips 66 will post 4.5 earnings per share for the current year. Stoneridge Partners Limited Liability Company owns 35,161 shares. Park Natl Oh reported 13,642 shares. 10,720 were reported by Northstar Group Inc. Brown Advisory owns 41,213 shares. (NYSE:CLR). Alliancebernstein Lp invested 0.01% in Continental Resources, Inc. Tarbox Family Office Incorporated reported 51 shares. Fulton Breakefield Broenniman Limited Com holds 1.08% or 36,119 shares in its portfolio. Bradley Foster & Sargent Ct owns 3,534 shares. Buckingham Asset Mngmt Llc has 7.68% invested in Facebook, Inc. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company's stock. Therefore 50% are positive. Reliance Steel had 31 analyst reports since September 8, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Monday, September 19 by Citigroup. The stock presently has an average rating of "Hold" and an average price target of $94.14. Robert W. Baird maintained DaVita Inc. The stock has "Sell" rating by Goldman Sachs on Monday, November 23. Cantor Fitzgerald has "Buy" rating and $190.0 target. SunTrust maintained DaVita Inc. (NASDAQ:SPPI) on Thursday, August 27 to "Hold" rating.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on February, 2.



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