Bank Of Stockton Has Lifted Phillips 66 (PSX) Position by $358,085; Valuation Declined; Richard C Young & Company Cut Its Holding in Philip Morris Intl (PM) by $444,555 as Shares Rose

February 19, 2018 - By Marie Mckinney

Bank Of Stockton increased its stake in Phillips 66 (PSX) by 127.26% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of Stockton bought 3,935 shares as the company’s stock declined 0.52% while stock markets rallied. The institutional investor held 7,027 shares of the integrated oil company at the end of 2017Q3, valued at $643,000, up from 3,092 at the end of the previous reported quarter. Bank Of Stockton who had been investing in Phillips 66 for a number of months, seems to be bullish on the $46.18B market cap company. The stock decreased 0.09% or $0.08 during the last trading session, reaching $91.99. About 2.22 million shares traded or 12.78% up from the average. Phillips 66 (NYSE:PSX) has risen 0.77% since February 19, 2017 and is uptrending. It has underperformed by 15.93% the S&P500.

Richard C Young & Company decreased its stake in Philip Morris Intl Inc (PM) by 4.35% based on its latest 2017Q3 regulatory filing with the SEC. Richard C Young & Company sold 4,005 shares as the company’s stock rose 10.69% with the market. The institutional investor held 88,016 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $9.77M, down from 92,021 at the end of the previous reported quarter. Richard C Young & Company who had been investing in Philip Morris Intl Inc for a number of months, seems to be less bullish one the $162.02B market cap company. The stock increased 0.60% or $0.62 during the last trading session, reaching $104.31. About 5.21M shares traded or 1.09% up from the average. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since February 19, 2017 and is uptrending. It has underperformed by 0.05% the S&P500.

Among 19 analysts covering Philip Morris International (NYSE:PM), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Philip Morris International had 54 analyst reports since August 24, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, July 20 by SBG Securities. As per Thursday, October 19, the company rating was maintained by Piper Jaffray. The rating was upgraded by JP Morgan to “Overweight” on Friday, June 17. Wells Fargo maintained Philip Morris International Inc. (NYSE:PM) on Tuesday, October 10 with “Buy” rating. The firm earned “Neutral” rating on Wednesday, April 20 by Goldman Sachs. The stock has “Buy” rating by Cowen & Co on Thursday, July 20. Bank of America maintained the shares of PM in report on Friday, October 20 with “Neutral” rating. Jefferies maintained the shares of PM in report on Tuesday, September 26 with “Hold” rating. The rating was maintained by Stifel Nicolaus on Monday, July 17 with “Buy”. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Cowen & Co on Friday, October 20.

Richard C Young & Company, which manages about $977.77 million and $528.35 million US Long portfolio, upped its stake in Fidelity (FHLC) by 17,122 shares to 715,946 shares, valued at $28.29 million in 2017Q3, according to the filing.

Investors sentiment increased to 0.97 in 2017 Q3. Its up 0.09, from 0.88 in 2017Q2. It is positive, as 55 investors sold PM shares while 524 reduced holdings. 112 funds opened positions while 452 raised stakes. 1.10 billion shares or 0.12% more from 1.10 billion shares in 2017Q2 were reported. Haverford Tru holds 0.94% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 405,555 shares. Buckingham Cap Management has invested 0.19% in Philip Morris International Inc. (NYSE:PM). New York-based Taurus Asset Mgmt Ltd has invested 1.69% in Philip Morris International Inc. (NYSE:PM). 7,634 are owned by Sii Invests Wi. Hayek Kallen Mngmt invested 3.03% in Philip Morris International Inc. (NYSE:PM). Waldron Ltd Partnership has invested 0.79% in Philip Morris International Inc. (NYSE:PM). Victory Cap Mngmt holds 116,065 shares or 0.03% of its portfolio. Fdx Advsrs holds 125,770 shares or 0.38% of its portfolio. M Kraus & reported 1,850 shares or 0.13% of all its holdings. South Dakota Council owns 329,269 shares. Twin Cap Management Incorporated stated it has 0.75% of its portfolio in Philip Morris International Inc. (NYSE:PM). King Wealth Mngmt Group Inc Ltd Co reported 9,627 shares. Narwhal Capital Mgmt holds 1% or 36,440 shares in its portfolio. Kwmg Ltd Llc holds 0.13% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 3,632 shares. Los Angeles Capital And Equity owns 1.20 million shares.

Since August 30, 2017, it had 0 insider buys, and 2 sales for $13.44 million activity. $11.81M worth of Philip Morris International Inc. (NYSE:PM) shares were sold by CAMILLERI LOUIS C.

Bank Of Stockton, which manages about $219.34M US Long portfolio, decreased its stake in Guggenheim Midcap Pure Gr (RFG) by 4,817 shares to 109,146 shares, valued at $15.75M in 2017Q3, according to the filing. It also reduced its holding in Guggenheim Midcap Pure Value (RFV) by 28,660 shares in the quarter, leaving it with 72,707 shares, and cut its stake in Ishares: Cohen & Steers Reit (ICF).

Among 18 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Phillips 66 had 71 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Phillips 66 (NYSE:PSX) has “Buy” rating given on Friday, July 7 by Cowen & Co. The rating was maintained by UBS with “Neutral” on Wednesday, November 15. The stock of Phillips 66 (NYSE:PSX) earned “Equal-Weight” rating by Barclays Capital on Wednesday, August 2. The firm has “Equal-Weight” rating given on Wednesday, July 13 by Barclays Capital. The rating was maintained by Citigroup with “Neutral” on Wednesday, January 24. Jefferies maintained Phillips 66 (NYSE:PSX) rating on Monday, September 4. Jefferies has “Hold” rating and $78.0 target. Cowen & Co maintained Phillips 66 (NYSE:PSX) on Wednesday, February 14 with “Buy” rating. Oppenheimer maintained it with “Outperform” rating and $95 target in Friday, September 18 report. Scotia Capital upgraded Phillips 66 (NYSE:PSX) on Thursday, September 28 to “Buy” rating. The firm has “Buy” rating by Goldman Sachs given on Monday, December 18.

Investors sentiment increased to 0.92 in 2017 Q3. Its up 0.07, from 0.85 in 2017Q2. It improved, as 40 investors sold PSX shares while 369 reduced holdings. 94 funds opened positions while 282 raised stakes. 353.24 million shares or 0.95% more from 349.91 million shares in 2017Q2 were reported. 2,123 are held by Srb. Bancshares Of Stockton accumulated 0.29% or 7,027 shares. Central Bank & Trust & Tru invested in 37,330 shares or 0.85% of the stock. King Luther Cap Mgmt Corp invested in 0.01% or 8,783 shares. Tortoise Capital Ltd Liability owns 16,215 shares. First Trust Advsr LP holds 227,277 shares or 0.05% of its portfolio. Weatherly Asset Limited Partnership reported 8,598 shares. Vantage Inv Advisors Ltd Liability holds 1,368 shares. Brown Advisory Secs Lc stated it has 15,067 shares or 0.3% of all its holdings. Lau, a Delaware-based fund reported 43,566 shares. Aureus Asset Mgmt Limited Liability Co owns 90,300 shares or 1.31% of their US portfolio. Stephens Ar reported 21,876 shares. Bancorporation Of Nova Scotia holds 120,081 shares. 1.44 million are owned by D E Shaw And. Sumitomo Mitsui Asset Mgmt, Japan-based fund reported 33,657 shares.

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