Kahn Brothers Group Has Cut Bp Plc (BP) Position By $28.58 Million; Phillips 66 Has 1.01 Sentiment

April 20, 2018 - By Marie Mckinney

BP p.l.c. (NYSE:BP) Logo

Kahn Brothers Group Inc decreased Bp Plc (BP) stake by 0.05% reported in 2017Q4 SEC filing. Kahn Brothers Group Inc sold 680 shares as Bp Plc (BP)’s stock declined 3.20%. The Kahn Brothers Group Inc holds 1.41 million shares with $59.14B value, down from 1.41M last quarter. Bp Plc now has $142.49B valuation. The stock increased 0.32% or $0.14 during the last trading session, reaching $43.67. About 4.84M shares traded. BP p.l.c. (NYSE:BP) has risen 18.43% since April 20, 2017 and is uptrending. It has outperformed by 6.88% the S&P500.

Phillips 66 (PSX) investors sentiment increased to 1.01 in 2017 Q4. It’s up 0.09, from 0.92 in 2017Q3. The ratio has increased, as 409 institutional investors opened new or increased positions, while 406 reduced and sold holdings in Phillips 66. The institutional investors in our database reported: 351.44 million shares, down from 353.24 million shares in 2017Q3. Also, the number of institutional investors holding Phillips 66 in top ten positions was flat from 12 to 12 for the same number . Sold All: 34 Reduced: 372 Increased: 284 New Position: 125.

Phillips 66 operates as an energy manufacturing and logistics company. The company has market cap of $51.59 billion. It operates through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 11.24 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.

Ratings analysis reveals 33% of Phillips 66’s analysts are positive. Out of 3 Wall Street analysts rating Phillips 66, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. PSX was included in 3 notes of analysts from August 23, 2016. Goldman Sachs upgraded the shares of PSX in report on Friday, September 30 to “Neutral” rating. Jefferies initiated the stock with “Hold” rating in Tuesday, August 23 report. The company was maintained on Monday, February 6 by Mizuho.

Rr Partners Lp holds 10.07% of its portfolio in Phillips 66 for 1.50 million shares. Norman Fields Gottscho Capital Management Llc owns 95,753 shares or 5.32% of their US portfolio. Moreover, Lincoln Capital Llc has 4.62% invested in the company for 81,812 shares. The Nebraska-based Berkshire Hathaway Inc has invested 4.27% in the stock. Foundation Resource Management Inc, a Arkansas-based fund reported 204,349 shares.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on April, 27 before the open. They expect $0.84 EPS, up 50.00% or $0.28 from last year’s $0.56 per share. PSX’s profit will be $391.71M for 32.93 P/E if the $0.84 EPS becomes a reality. After $1.07 actual EPS reported by Phillips 66 for the previous quarter, Wall Street now forecasts -21.50% negative EPS growth.

Since January 1, 0001, it had 0 insider buys, and 1 sale for $270,675 activity.

The stock increased 1.61% or $1.75 during the last trading session, reaching $110.64. About 3.08 million shares traded or 32.58% up from the average. Phillips 66 (PSX) has risen 23.90% since April 20, 2017 and is uptrending. It has outperformed by 12.35% the S&P500.

Kahn Brothers Group Inc increased Exxon Mobile (NYSE:XOM) stake by 250 shares to 17,034 valued at $1.42B in 2017Q4. It also upped Patterson Energy (NASDAQ:PTEN) stake by 105,121 shares and now owns 1.39 million shares. Idw Media was raised too.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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