Leisure Capital Management Has Trimmed Its Phillips 66 (PSX) Stake; Syntel, Inc. (SYNT) Had 0 Bullish Analysts

August 12, 2018 - By Matthew Richard

Syntel, Inc. (NASDAQ:SYNT) Logo

Among 6 analysts covering Syntel (NASDAQ:SYNT), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. Syntel had 9 analyst reports since February 15, 2018 according to SRatingsIntel. The stock has “Hold” rating by Cowen & Co on Thursday, February 15. The firm earned “Hold” rating on Friday, April 20 by Susquehanna. The stock has “Hold” rating by SunTrust on Friday, February 16. Cowen & Co maintained Syntel, Inc. (NASDAQ:SYNT) on Thursday, April 19 with “Hold” rating. The rating was maintained by SunTrust with “Hold” on Friday, April 20. The stock has “Market Perform” rating by Wells Fargo on Friday, April 20. The firm earned “Sell” rating on Wednesday, June 20 by Wells Fargo. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Hold” rating given on Thursday, April 5 by Robert W. Baird. See Syntel, Inc. (NASDAQ:SYNT) latest ratings:

20/06/2018 Broker: Wells Fargo Rating: Sell Downgrade
20/04/2018 Broker: SunTrust Rating: Hold New Target: $29.0000 Maintain
20/04/2018 Broker: Susquehanna Rating: Hold New Target: $28.0000 Maintain
19/04/2018 Broker: Cowen & Co Rating: Hold New Target: $26.0000 Maintain
20/04/2018 Broker: Wells Fargo Old Rating: Underperform New Rating: Market Perform Upgrade
05/04/2018 Broker: Robert W. Baird Rating: Hold New Target: $26.0000 Maintain
26/02/2018 Broker: Barrington Rating: Hold
16/02/2018 Broker: SunTrust Rating: Hold New Target: $28.0 Maintain
15/02/2018 Broker: Cowen & Co Rating: Hold New Target: $23.0 Maintain

Leisure Capital Management decreased Phillips 66 (PSX) stake by 23.14% reported in 2018Q1 SEC filing. Leisure Capital Management sold 3,264 shares as Phillips 66 (PSX)’s stock rose 24.95%. The Leisure Capital Management holds 10,841 shares with $1.04M value, down from 14,105 last quarter. Phillips 66 now has $56.91 billion valuation. The stock increased 0.34% or $0.41 during the last trading session, reaching $122.59. About 1.85M shares traded. Phillips 66 (NYSE:PSX) has risen 49.32% since August 12, 2017 and is uptrending. It has outperformed by 36.75% the S&P500. Some Historical PSX News: 09/05/2018 – PHILLIPS 66 PSX.N INCREASES QUARTERLY DIVIDEND BY 14 PCT TO $0.80/SHR; 27/04/2018 – PHILLIPS 66 PSX.N SAYS NEEDS NEW PIPELINE CAPACITY SERVING THE PERMIAN BASIN – CONF CALL; 09/04/2018 – PHILLIPS 66 JV BORGER TEXAS REFINERY CONTINUING TO RESTART UNITS AFTER OVERHAUL; 22/05/2018 – Phillips 66 Reports Tripped Compressors at Sweeny Refinery in Texas; 02/05/2018 – Phillips 66 Well Positioned for IMO 2020 Rule (Correct); 10/04/2018 – PHILLIPS 66 ALLIANCE LOUISIANA REFINERY BOOSTING PRODUCTION ON RESTARTED REFORMER, HYDROTREATERS; 19/04/2018 – Phillips 66 Rises for 9 Days; Longest Winning Streak in 6 Years; 12/04/2018 – PHILLIPS 66 JV BORGER TEXAS REFINERY COMPLETES WORK TO BEGIN RESTARTING GASOLINE UNITS, HYDROTREATER; 27/04/2018 – Phillips 66 1Q EPS $1.07; 11/04/2018 – PHILLIPS 66 JV BORGER TEXAS REFINERY SHUTS GASOLINE UNITS, HYDROTREATER

Since May 16, 2018, it had 0 buys, and 1 insider sale for $828,000 activity. Oyolu Chukwuemeka A. sold $828,000 worth of stock or 6,900 shares.

More notable recent Phillips 66 (NYSE:PSX) news were published by: Seekingalpha.com which released: “Phillips 66 Has More Value In Store” on July 30, 2018, also Seekingalpha.com with their article: “Phillips 66: Sell Now, Buy Later” published on July 22, 2018, Seekingalpha.com published: “Only a matter of time before Venezuela loses Citgo, analysts say” on August 10, 2018. More interesting news about Phillips 66 (NYSE:PSX) were released by: Seekingalpha.com and their article: “Reuters: Phillips 66 Alliance refinery restarting gasoline unit” published on July 23, 2018 as well as Seekingalpha.com‘s news article titled: “Phillips 66 (PSX) CEO Greg Garland on Q2 2018 Results – Earnings Call Transcript” with publication date: July 27, 2018.

Among 13 analysts covering Phillips 66 (NYSE:PSX), 4 have Buy rating, 2 Sell and 7 Hold. Therefore 31% are positive. Phillips 66 had 15 analyst reports since February 14, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Monday, April 23 by Piper Jaffray. As per Tuesday, March 13, the company rating was maintained by Citigroup. The stock of Phillips 66 (NYSE:PSX) has “Neutral” rating given on Monday, June 4 by JP Morgan. The rating was maintained by Credit Suisse with “Neutral” on Monday, April 30. Morgan Stanley maintained Phillips 66 (NYSE:PSX) rating on Monday, July 16. Morgan Stanley has “Equal-Weight” rating and $140 target. The firm earned “Outperform” rating on Tuesday, May 29 by Wells Fargo. The stock of Phillips 66 (NYSE:PSX) has “Sell” rating given on Tuesday, April 24 by Jefferies. The rating was maintained by JP Morgan with “Neutral” on Monday, April 9. The firm earned “Neutral” rating on Wednesday, March 7 by Credit Suisse. RBC Capital Markets maintained Phillips 66 (NYSE:PSX) rating on Friday, April 13. RBC Capital Markets has “Hold” rating and $10500 target.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on October, 26. They expect $2.17 EPS, up 30.72% or $0.51 from last year’s $1.66 per share. PSX’s profit will be $1.01B for 14.12 P/E if the $2.17 EPS becomes a reality. After $2.80 actual EPS reported by Phillips 66 for the previous quarter, Wall Street now forecasts -22.50% negative EPS growth.

Investors sentiment decreased to 0.91 in 2018 Q1. Its down 0.10, from 1.01 in 2017Q4. It dropped, as 55 investors sold PSX shares while 389 reduced holdings. 97 funds opened positions while 308 raised stakes. 314.13 million shares or 10.62% less from 351.44 million shares in 2017Q4 were reported. Pathstone Family Office Ltd Liability Co reported 191 shares or 0.01% of all its holdings. Brookstone Capital holds 0.03% in Phillips 66 (NYSE:PSX) or 3,142 shares. Meyer Handelman holds 57,468 shares. St Johns Invest Mgmt Limited, Florida-based fund reported 1 shares. 21.62 million are held by State Street Corp. Alpha Cubed Investments Lc holds 3,750 shares or 0.05% of its portfolio. Wade G W has invested 0.03% in Phillips 66 (NYSE:PSX). First Financial Bank Of Hutchinson has 2,425 shares for 0.15% of their portfolio. Usca Ria Ltd Liability Co owns 11,768 shares. Endurance Wealth Management reported 0.01% stake. Tradition Capital Mgmt Ltd reported 20,025 shares stake. Pdt Prtnrs Ltd Limited Liability Company, New York-based fund reported 26,477 shares. Sather Fincl Group accumulated 0.09% or 4,056 shares. Mufg Americas Corp has 0.17% invested in Phillips 66 (NYSE:PSX) for 57,135 shares. The Hawaii-based Bankshares Of Hawaii has invested 0.28% in Phillips 66 (NYSE:PSX).

Syntel, Inc. provides digital transformation, information technology , and knowledge process outsourcing (KPO) services worldwide. The company has market cap of $3.37 billion. The firm operates through Banking and Financial Services; Healthcare and Life Sciences; Insurance; Manufacturing; and Retail, Logistics, and Telecom divisions. It has a 18.97 P/E ratio. It offers managed services, including software applications development, maintenance, and digital modernization testing, as well as IT infrastructure, cloud, and migration services.

More important recent Syntel, Inc. (NASDAQ:SYNT) news were published by: Benzinga.com which released: “Syntel Q2 Earnings Preview” on July 18, 2018, also Nasdaq.com published article titled: “Syntel enters definitive agreement to be acquired by Atos SE”, Globenewswire.com published: “Syntel Reports Second Quarter 2018 Financial Results” on July 26, 2018. More interesting news about Syntel, Inc. (NASDAQ:SYNT) was released by: Globenewswire.com and their article: “Bragar Eagel & Squire, PC is Investigating the Board of Directors of Syntel, Inc. (NASDAQ: SYNT) on Behalf of …” with publication date: July 23, 2018.

The stock decreased 0.15% or $0.06 during the last trading session, reaching $40.6. About 497,800 shares traded. Syntel, Inc. (NASDAQ:SYNT) has risen 70.15% since August 12, 2017 and is uptrending. It has outperformed by 57.58% the S&P500. Some Historical SYNT News: 19/04/2018 – Syntel Sees FY EPS $1.76-EPS $1.96; 19/04/2018 – Syntel Sees FY Rev $920M-$960M; 26/03/2018 Syntel Joins Google Cloud Partner Program; 19/04/2018 – Syntel 1Q Rev $245.3M; 19/04/2018 – SYNTEL INC SYNT.O SEES FY 2018 SHR $1.76 TO $1.96; 21/04/2018 – DJ Syntel Inc, Inst Holders, 1Q 2018 (SYNT); 31/05/2018 – Syntel Non-Deal Roadshow Scheduled By SunTrust for Jun. 7; 13/04/2018 – Syntel Closes Below 50-Day Moving Average: Technicals; 14/05/2018 – Syntel Presenting at JPMorgan Conference Tomorrow

Since February 21, 2018, it had 0 insider buys, and 6 insider sales for $1.68 million activity. Salelkar Avinash also sold $952 worth of Syntel, Inc. (NASDAQ:SYNT) shares. 1,800 shares were sold by Aggarwal Rahul B., worth $47,981. 50,000 Syntel, Inc. (NASDAQ:SYNT) shares with value of $1.36M were sold by Ranade Prashant. Venkatesan Sundarraj sold $133,477 worth of stock or 5,000 shares. Reddy Murlidhar had sold 45 shares worth $1,338 on Wednesday, May 9.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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