Angelo Gordon & Company LP Has Lifted By $45.90 Million Its Time Warner (TWX) Holding; Phillips 66 Partners LP (PSXP) Has 0.97 Sentiment

March 21, 2018 - By Vivian Park

Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines and terminals, as well as other transportation midstream assets. The company has market cap of $5.84 billion. It operates pipeline assets in Lake Charles, Sweeny, Wood River, Borger/Ponca City, Billings, and Borger; terminal, rail rack, and storage assets in Louisiana, Texas, Illinois, Missouri, Kansas, Oklahoma, New Jersey, Washington, and Montana; marine assets in Lake Charles and Wood River; and natural gas liquids assets in Texas and Louisiana. It has a 18.96 P/E ratio. Phillips 66 Partners GP LLC operates as the general partner of Phillips 66 Partners LP.

Angelo Gordon & Company Lp increased Time Warner Inc (TWX) stake by 81.82% reported in 2017Q3 SEC filing. Angelo Gordon & Company Lp acquired 450,000 shares as Time Warner Inc (TWX)’s stock rose 1.19%. The Angelo Gordon & Company Lp holds 1.00M shares with $102.45 million value, up from 550,000 last quarter. Time Warner Inc now has $74.48 billion valuation. The stock increased 0.35% or $0.33 during the last trading session, reaching $95.51. About 2.18M shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since March 21, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Samson Capital Management Llc holds 5.87% of its portfolio in Phillips 66 Partners LP for 108,751 shares. Yorkville Capital Management Llc owns 58,279 shares or 3.54% of their US portfolio. Moreover, Chickasaw Capital Management Llc has 3.27% invested in the company for 2.90 million shares. The Texas-based Cushing Asset Management Lp has invested 3.26% in the stock. Rr Advisors Llc, a Texas-based fund reported 451,000 shares.

Analysts await Phillips 66 Partners LP (NYSE:PSXP) to report earnings on April, 27. They expect $0.77 earnings per share, up 28.33% or $0.17 from last year’s $0.6 per share. PSXP’s profit will be $93.60M for 15.58 P/E if the $0.77 EPS becomes a reality. After $0.83 actual earnings per share reported by Phillips 66 Partners LP for the previous quarter, Wall Street now forecasts -7.23% negative EPS growth.

Ratings analysis reveals 60% of Phillips 66 Partners’s analysts are positive. Out of 5 Wall Street analysts rating Phillips 66 Partners, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $55.0 while the high is $59.0. The stock’s average target of $57 is 18.75% above today’s ($48) share price. PSXP was included in 5 notes of analysts from August 18, 2016. The rating was initiated by Goldman Sachs on Thursday, August 25 with “Neutral”. The stock of Phillips 66 Partners LP (NYSE:PSXP) has “Buy” rating given on Friday, September 30 by Mizuho. Stifel Nicolaus initiated it with “Buy” rating and $59.0 target in Thursday, August 18 report. The firm earned “Hold” rating on Tuesday, August 23 by Jefferies. The firm has “Buy” rating given on Wednesday, January 25 by Citigroup.

The stock increased 1.22% or $0.58 during the last trading session, reaching $48. About 108,854 shares traded. Phillips 66 Partners LP (PSXP) has declined 0.26% since March 21, 2017 and is downtrending. It has underperformed by 16.96% the S&P500.

Angelo Gordon & Company Lp decreased Palo Alto Networks Inc (Prn) stake by 8.00M shares to 11.05 million valued at $15.20 million in 2017Q3. It also reduced Cf Corp stake by 86,000 shares and now owns 2.82M shares. Silver Run Acquisition was reduced too.

Since December 14, 2017, it had 0 buys, and 3 sales for $2.88 million activity. The insider BARR WILLIAM P sold 4,019 shares worth $390,647. 4,019 Time Warner Inc. (NYSE:TWX) shares with value of $376,219 were sold by WRIGHT DEBORAH C. On Thursday, December 14 OLAFSSON OLAF sold $2.11 million worth of Time Warner Inc. (NYSE:TWX) or 23,450 shares.

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