Phillips 66 (NYSE:PSX) Sentiment Change Report

September 30, 2018 - By Jason Dias

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Sentiment for Phillips 66 (NYSE:PSX)

Phillips 66 (NYSE:PSX) institutional sentiment increased to 1.16 in Q2 2018. Its up 0.25, from 0.91 in 2018Q1. The ratio is more positive, as 467 funds increased or started new stock positions, while 404 cut down and sold stakes in Phillips 66. The funds in our partner’s database reported: 314.02 million shares, down from 314.13 million shares in 2018Q1. Also, the number of funds holding Phillips 66 in their top 10 stock positions increased from 11 to 17 for an increase of 6. Sold All: 30 Reduced: 374 Increased: 335 New Position: 132.

Phillips 66 operates as an energy manufacturing and logistics company. The company has market cap of $52.33 billion. It operates through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 9.53 P/E ratio. The Midstream segment gathers, processes, transports, and markets natural gas; transports, stores, fractionates, and markets natural gas liquids in the United States; and stores, refrigerates, and exports liquefied petroleum gas (LPG) primarily to Asia and Europe.

The stock decreased 0.14% or $0.16 during the last trading session, reaching $112.72. About 2.54M shares traded or 2.55% up from the average. Phillips 66 (NYSE:PSX) has risen 30.83% since September 30, 2017 and is uptrending. It has outperformed by 15.21% the S&P500.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on October, 26. They expect $2.25 earnings per share, up 35.54 % or $0.59 from last year’s $1.66 per share. PSX’s profit will be $1.04B for 12.52 P/E if the $2.25 EPS becomes a reality. After $2.80 actual earnings per share reported by Phillips 66 for the previous quarter, Wall Street now forecasts -19.64 % negative EPS growth.

Rr Partners Lp holds 10.77% of its portfolio in Phillips 66 for 1.27 million shares. Norman Fields Gottscho Capital Management Llc owns 95,293 shares or 5.74% of their US portfolio. Moreover, Lincoln Capital Llc has 4.82% invested in the company for 79,936 shares. The California-based Santa Barbara Asset Management Llc has invested 3.71% in the stock. South Street Advisors Llc, a New York-based fund reported 98,882 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $828,000 activity.

Phillips 66 (NYSE:PSX) Ratings Coverage

Ratings analysis reveals 27% of Phillips 66’s analysts are positive. Out of 11 Wall Street analysts rating Phillips 66, 3 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $8500 while the high is $140. The stock’s average target of $119.50 is 6.01% above today’s ($112.72) share price. PSX was included in 13 notes of analysts from April 9, 2018. On Monday, July 16 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of Phillips 66 (NYSE:PSX) has “Sell” rating given on Tuesday, April 24 by Jefferies. The firm has “Outperform” rating by Wells Fargo given on Tuesday, May 29. The stock has “Buy” rating by Piper Jaffray on Monday, April 23. Credit Suisse maintained it with “Neutral” rating and $115 target in Monday, April 30 report. Barclays Capital maintained the shares of PSX in report on Monday, April 30 with “Underweight” rating. JP Morgan maintained Phillips 66 (NYSE:PSX) rating on Monday, April 9. JP Morgan has “Neutral” rating and $109 target. The firm earned “Neutral” rating on Monday, June 4 by JP Morgan. The firm earned “Hold” rating on Friday, April 13 by RBC Capital Markets. The company was maintained on Friday, September 7 by Citigroup.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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