Phillips 66 (PSX) Given Consensus Recommendation of "Hold" by Brokerages

Jeannie Matthews
January 14, 2018

Following the sale, the chairman now owns 96,325 shares of the company's stock, valued at approximately $8,041,211. Todd Asset Management LLC now owns 579,706 shares of the company's stock worth $45,994,000 after buying an additional 45,926 shares in the last quarter. About 965,369 shares traded. Meritage Homes Corporation (NYSE:MTH) has risen 18.92% since January 12, 2017 and is uptrending. Motco increased its holdings in shares of Phillips 66 by 4.0% in the 2nd quarter. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued. The oil and gas company reported $1.66 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.62 by $0.04. Pnc Financial Services Group Inc who had been investing in Phillips 66 for a number of months, seems to be less bullish one the $53.40 billion market cap company. About 1.85M shares traded or 6.78% up from the average. Phillips 66 (NYSE:PSX) has risen 0.77% since January 12, 2017 and is uptrending. It has underperformed by 15.93% the S&P500. Rothschild Investment Il owns 20,065 shares.

Investors sentiment increased to 0.92 in Q3 2017. Its down 0.01, from 0.78 in 2017Q2.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors now owns 338,816 shares of the oil and gas company's stock valued at $31,039,000 after acquiring an additional 24,318 shares during the period. Adirondack Co reported 0.39% in Phillips 66 (NYSE:PSX). Albion Financial Grp Incorporated Ut stated it has 2,571 shares or 0.04% of all its holdings. Phillips 66's payout ratio is now 70.18%. 4,585 are held by John G Ullman &. Phillips 66 had a return on equity of 7.58% and a net margin of 2.11%. Security Bancorp Of So Dak invested in 0.23% or 2,216 shares. Parkside Fin Comml Bank owns 157 shares for 0% of their portfolio. Maryland Cap Mgmt accumulated 3,862 shares. After $1.66 actual earnings per share reported by Phillips 66 for the previous quarter, Wall Street now forecasts -23.49% negative EPS growth.

Phillips 66 (PSX) opened at $104.97 on Wednesday. Mader Shannon Wealth Inc holds 38,544 shares. Vetr raised Phillips 66 from a hold rating to a buy rating and set a $97.16 price target on the stock in a research note on Monday, November 13th. Therefore 44% are positive. Equities analysts expect that Phillips 66 will post $5.25 EPS for the current fiscal year. Zacks Investment Research raised Phillips 66 from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research report on Tuesday, October 10th. The firm has "Neutral" rating by Credit Suisse given on Monday, April 11. JP Morgan has "Neutral" rating and $95 target. Telsey Advisory Group maintained it with "Outperform" rating and $165 target in Thursday, June 1 report. The stock of Phillips 66 (NYSE:PSX) has "Buy" rating given on Thursday, September 28 by Scotia Capital. Scotiabank upgraded Phillips 66 from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $89.00 to $98.00 in a research note on Saturday, September 30th.

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In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the firm's stock in a transaction that occurred on Friday, December 15th. Barclays Capital downgraded Phillips 66 (NYSE:PSX) on Wednesday, July 13 to "Equal-Weight" rating. 750 shares were sold by NEWBERRY STEPHEN G, worth $131,250 on Monday, September 18. State Of Wisconsin Inv Board holds 0.49% or 1.06 million shares in its portfolio. 19,757 shares were sold by Smith Gregory D, worth $4.85 million. Bank of New York Mellon Corp boosted its stake in Phillips 66 by 6.6% in the 3rd quarter.

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.07, from 0.85 in 2017Q2. It worsened, as 50 investors sold BA shares while 609 reduced holdings. 411.79 million shares or 1.95% less from 419.99 million shares in 2017Q2 were reported.

Fayez Sarofim & Company decreased Phillips66 (PSX) stake by 5.79% reported in 2017Q3 SEC filing. Pennsylvania-based Wheatland Incorporated has invested 1.59% in Phillips 66 (NYSE:PSX). Tortoise Invest Limited Liability Com accumulated 598 shares or 0.02% of the stock. Piedmont Investment Advsr Limited Liability Company has 8,256 shares. Employees Retirement Association Of Colorado reported 0.43% in The Boeing Company (NYSE:BA). Virtus Invest Advisers accumulated 37,227 shares or 0.36% of the stock. First Heartland Consultants Inc holds 0.05% or 2,416 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys reported 23,451 shares. Texas-based Gfs Advisors Limited Liability has invested 0.15% in McDonald's Corporation (NYSE:MCD). Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. Conning has 1.01% invested in McDonald's Corporation (NYSE:MCD). American Natl Ins Com Tx has invested 1.73% of its portfolio in The Boeing Company (NYSE:BA). Etrade Capital Management Ltd Liability has 56,947 shares for 0.19% of their portfolio.

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