UBS Reports Petroleo Brasileiro SA- Petrobras (PBR) Downgrade; Phillips 66 (PSX) Shorts Increased By 2.32%

June 16, 2018 - By Peter Erickson

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Phillips 66 (NYSE:PSX) had an increase of 2.32% in short interest. PSX’s SI was 5.59M shares in June as released by FINRA. Its up 2.32% from 5.47 million shares previously. With 1.89M avg volume, 3 days are for Phillips 66 (NYSE:PSX)’s short sellers to cover PSX’s short positions. The SI to Phillips 66’s float is 1.31%. The stock decreased 1.08% or $1.25 during the last trading session, reaching $114.3. About 3.48 million shares traded or 41.87% up from the average. Phillips 66 (NYSE:PSX) has risen 49.32% since June 16, 2017 and is uptrending. It has outperformed by 36.75% the S&P500. Some Historical PSX News: ; 06/04/2018 – Phillips 66 JV Borger refinery restarting from plantwide overhaul; 27/04/2018 – PHILLIPS 66 GARLAND: DON’T HOLD A LOT OF HOPE FOR RINS REFORM; 27/04/2018 – PHILLIPS 66 SAYS THERE’S NEED FOR NEW PERMIAN PIPELINE CAPACITY; 10/05/2018 – Phillips 66: William R. Loomis Jr. Retires From Board; 27/04/2018 – PHILLIPS 66 BEGINS 1Q EARNINGS CONFERENCE CALL; 27/04/2018 – Phillips 66 1Q Adj EPS $1.04; 23/03/2018 – DIARY-U.S. refinery operations-Phillips 66 Says Planned Work Underway at Bayway, NJ Refinery; 17/04/2018 – Phillips 66 Presenting at Conference May 17; 15/03/2018 – Venezuela’s crude sales to U.S. falls to 15-year low in February; 05/05/2018 – Praise for Phillips 66 — Berkshire Hathaway Annual Meeting

Petroleo Brasileiro SA- Petrobras (NYSE:PBR)‘s old rating is no longer valid. UBS downgraded Petroleo Brasileiro SA- Petrobras (NYSE:PBR)‘s rating to Hold.

More notable recent Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) news were published by: Streetinsider.com which released: “Petrobras (NYSE: PBR) option implied volatility spikes on news of resignation of CEO” on June 01, 2018, also Benzinga.com with their article: “Petrobras Responds To Brazilian Trucking Strike — And Receives 3 Big Downgrades” published on May 24, 2018, Fool.com published: “Why Petroleo Brasileiro, Companhia Siderurgica, and Azul SA Stocks Collapsed Yesterday” on June 08, 2018. More interesting news about Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) were released by: Fool.com and their article: “Why Shares of Petroleo Brasileiro SA Petrobras (ADR) Are Plunging Today” published on June 01, 2018 as well as Seekingalpha.com‘s news article titled: “Brazil stocks rebound, sparked by Petrobras CEO choice, SID upgrade” with publication date: June 04, 2018.

The stock decreased 0.84% or $0.08 during the last trading session, reaching $9.44. About 21.69 million shares traded. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has risen 42.10% since June 16, 2017 and is uptrending. It has outperformed by 29.53% the S&P500. Some Historical PBR News: 18/04/2018 – PETROBRAS CEO ACCEPTS TO BE PROPOSED AS BRF CHAIRMAN: VALOR; 29/03/2018 – PETROBRAS WINS 1 BLOCK IN POTIGUAR BASIN IN BRAZIL OIL AUCTION; 15/03/2018 – PETROBRAS CFO SAYS COMPANY ALREADY STARTING TO SEE MARKET SHARE RECOVERY IN FUEL MARKET IN 2018; 13/03/2018 – BW OFFSHORE: PETROBRAS DECLARES FPSO CIDADE DE SAO MATEUS OPTIO; 13/03/2018 – BW Offshore: Petrobras declares FPSO Cidade de São Mateus option; 25/05/2018 – MISC-UNIT GETS CHARTER CONTRACT TO OWN, OPERATE 4 SPECIALIST DP2 SUEZMAX SIZE SHUTTLE TANKERS FROM PETROBRAS TO OPERATE IN INTERNATIONAL,BRAZIL WATERS; 08/05/2018 – PETROBRAS NEEDS TO CONTRACT 2 OFFSHORE PLATFORMS FOR 2022; 19/04/2018 – BRAZIL’S PETROBRAS SAYS REFINERIES WILL BE DIVIDED INTO TWO REGIONAL BLOCKS, IN NORTHEASTERN AND SOUTHERN REGIONS- FILING; 23/05/2018 – PETROBRAS ADRS IN NEW YORK PBR.N FALL 6.7 PCT TO $14.10 FOLLOWING DIESEL PRICE CUT; 20/03/2018 – PETROBRAS WANTS TO SELL FERTILIZERS PLANTS IT’LL STOP: DIRECTOR

Analysts await Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to report earnings on August, 9. They expect $0.27 earnings per share, up 237.50% or $0.19 from last year’s $0.08 per share. PBR’s profit will be $1.59B for 8.74 P/E if the $0.27 EPS becomes a reality. After $0.32 actual earnings per share reported by Petróleo Brasileiro S.A. – Petrobras for the previous quarter, Wall Street now forecasts -15.63% negative EPS growth.

Among 16 analysts covering Petroleo Brasileiro Petrobras SA (NYSE:PBR), 1 have Buy rating, 4 Sell and 11 Hold. Therefore 6% are positive. Petroleo Brasileiro Petrobras SA has $3000 highest and $2 lowest target. $11.47’s average target is 21.50% above currents $9.44 stock price. Petroleo Brasileiro Petrobras SA had 47 analyst reports since August 7, 2015 according to SRatingsIntel. JP Morgan upgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) on Tuesday, May 24 to “Neutral” rating. The company was maintained on Wednesday, March 23 by Barclays Capital. The firm has “Buy” rating given on Friday, May 26 by Credit Suisse. Credit Suisse maintained the stock with “Buy” rating in Tuesday, June 27 report. The stock has “Overweight” rating by Barclays Capital on Tuesday, August 11. The stock of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has “Buy” rating given on Wednesday, October 5 by Citigroup. The rating was maintained by Credit Suisse on Friday, August 11 with “Buy”. The rating was downgraded by Raymond James to “Underperform” on Thursday, May 19. Barclays Capital maintained it with “Underweight” rating and $10 target in Tuesday, October 10 report. Credit Suisse downgraded the stock to “Hold” rating in Thursday, January 18 report.

Petróleo Brasileiro S.A. – Petrobras operates in the oil, natural gas, and energy industries. The company has market cap of $55.67 billion. The companyÂ’s Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets. It currently has negative earnings. The Company’s Refining, Transportation and Marketing segment is involved in refining, logistics, transport, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies.

Among 20 analysts covering Phillips 66 (NYSE:PSX), 10 have Buy rating, 2 Sell and 8 Hold. Therefore 50% are positive. Phillips 66 had 83 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of PSX in report on Monday, November 2 with “Sector Perform” rating. Jefferies maintained it with “Hold” rating and $78.0 target in Monday, September 4 report. As per Monday, September 11, the company rating was maintained by Cowen & Co. As per Tuesday, October 17, the company rating was maintained by Cowen & Co. The firm has “Buy” rating given on Thursday, December 21 by Scotia Capital. maintained the shares of PSX in report on Monday, October 10 with “Equal-Weight” rating. As per Monday, April 30, the company rating was maintained by Barclays Capital. Piper Jaffray maintained it with “Neutral” rating and $74 target in Monday, August 22 report. The company was downgraded on Monday, November 23 by Goldman Sachs. Oppenheimer maintained the stock with “Outperform” rating in Friday, December 4 report.

Investors sentiment decreased to 0.91 in 2018 Q1. Its down 0.10, from 1.01 in 2017Q4. It turned negative, as 55 investors sold Phillips 66 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. Etrade Cap Management Limited Liability Com accumulated 62,747 shares or 0.19% of the stock. 4,076 are owned by Joel Isaacson And Communications Ltd. Ohio-based Sequoia Advisors Limited Liability has invested 0.06% in Phillips 66 (NYSE:PSX). Exxonmobil Inv Incorporated Tx reported 0.18% in Phillips 66 (NYSE:PSX). Boston Private Wealth Lc invested in 0.04% or 10,753 shares. James Inv Rech holds 0.77% or 212,928 shares. Skba Capital Llc accumulated 3,850 shares. Pacific Heights Asset Mgmt Limited Liability Company owns 100,000 shares. General Amer Investors reported 125,000 shares or 1.14% of all its holdings. Gemmer Asset Llc, California-based fund reported 1,169 shares. Kistler has 523 shares for 0.02% of their portfolio. Cypress Asset Tx holds 0.1% or 3,436 shares. Art Ltd Liability Corp invested in 0.3% or 79,164 shares. Portland Global Advsr Limited Liability Corporation accumulated 2,912 shares. Jacobs Levy Equity Mngmt accumulated 29,910 shares or 0.05% of the stock.

Since May 16, 2018, it had 0 insider purchases, and 1 insider sale for $828,000 activity. Oyolu Chukwuemeka A. also sold $828,000 worth of Phillips 66 (NYSE:PSX) shares.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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