Gradient Investments LLC Decreased Holding in Phillips 66 (PSX) as Shares Declined

Phillips 66 (NYSE:PSX) LogoInvestors sentiment increased to 1.16 in 2018 Q2. Its up 0.25, from 0.91 in 2018Q1. It is positive, as 30 investors sold PSX shares while 374 reduced holdings. 132 funds opened positions while 335 raised stakes. 314.02 million shares or 0.04% less from 314.13 million shares in 2018Q1 were reported. Everett Harris Com Ca accumulated 0.08% or 26,575 shares. Bancorp Of America Corporation De, a North Carolina-based fund reported 5.08 million shares. Obermeyer Wood Inv Counsel Lllp accumulated 5,768 shares or 0.06% of the stock. Navellier Assocs reported 0.63% in Phillips 66 (NYSE:PSX). Cullinan Assocs holds 0.05% or 6,100 shares. Rowland Investment Counsel Adv reported 1,112 shares stake. Homrich And Berg invested in 4,141 shares or 0.03% of the stock. Financial Advisory Service invested in 0.09% or 3,013 shares. Ancora Advsr Limited Liability Com reported 22,997 shares. Boston Advsr Ltd Limited Liability Company owns 4,016 shares for 0.01% of their portfolio. 23,761 are held by Sg Americas Securities Limited Liability Corporation. Harbour Invest Ltd Liability Corporation invested in 1.41% or 16,058 shares. Bancshares Of Stockton owns 12,422 shares or 0.76% of their US portfolio. 37,693 are owned by Hamilton Point Investment Advisors Limited Liability. Parsons Capital Management Ri stated it has 0.46% in Phillips 66 (NYSE:PSX).

Since November 20, 2018, it had 1 buy, and 0 selling transactions for $1.98 million activity.

Gradient Investments Llc decreased its stake in Phillips 66 (PSX) by 99.28% based on its latest 2018Q2 regulatory filing with the SEC. Gradient Investments Llc sold 93,870 shares as the company’s stock declined 3.10% while stock markets rallied. The institutional investor held 683 shares of the integrated oil company at the end of 2018Q2, valued at $77,000, down from 94,553 at the end of the previous reported quarter. Gradient Investments Llc who had been investing in Phillips 66 for a number of months, seems to be less bullish one the $42.70B market cap company. The stock increased 1.31% or $1.2 during the last trading session, reaching $92.6. About 4.17 million shares traded or 39.24% up from the average. Phillips 66 (NYSE:PSX) has risen 30.83% since December 7, 2017 and is uptrending. It has outperformed by 15.21% the S&P500.

Gradient Investments Llc, which manages about $696.72M and $1.87B US Long portfolio, upped its stake in Spdr Index Shs Fds (GWL) by 225,050 shares to 1.78 million shares, valued at $53.98M in 2018Q2, according to the filing. It also increased its holding in 3M Co (NYSE:MMM) by 42,632 shares in the quarter, for a total of 44,180 shares, and has risen its stake in Lowes Cos Inc (NYSE:LOW).

Analysts await Phillips 66 (NYSE:PSX) to report earnings on February, 1. They expect $1.95 earnings per share, up 82.24 % or $0.88 from last year’s $1.07 per share. PSX’s profit will be $899.19 million for 11.87 P/E if the $1.95 EPS becomes a reality. After $3.10 actual earnings per share reported by Phillips 66 for the previous quarter, Wall Street now forecasts -37.10 % negative EPS growth.

More recent Phillips 66 (NYSE:PSX) news were published by: Seekingalpha.com which released: “Phillips 66: Buffett Dividend Stock On Sale – Phillips 66 (NYSE:PSX) – Seeking Alpha” on December 06, 2018. Also Bizjournals.com published the news titled: “Phillips 66 Partners names female executive as new COO to lead MLP – Houston Business Journal” on November 28, 2018. Fool.com‘s news article titled: “Warren Buffett Just Sold 19 Million Shares of This Oil Giant: Here’s the Big Takeaway – Motley Fool” with publication date: November 16, 2018 was also an interesting one.

Phillips 66 (NYSE:PSX) Ratings Coverage

Among 9 analysts covering Phillips 66 (NYSE:PSX), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Phillips 66 had 11 analyst reports since July 16, 2018 according to SRatingsIntel. Jefferies upgraded the shares of PSX in report on Tuesday, October 16 to “Hold” rating. Citigroup maintained the stock with “Neutral” rating in Wednesday, August 15 report. On Tuesday, November 20 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. On Tuesday, October 30 the stock rating was upgraded by JP Morgan to “Overweight”. The company was maintained on Monday, October 29 by Raymond James. The firm has “Neutral” rating given on Friday, September 7 by Citigroup. On Monday, October 29 the stock rating was maintained by Wells Fargo with “Outperform”. The stock of Phillips 66 (NYSE:PSX) has “Buy” rating given on Friday, November 16 by U.S. Capital Advisors. Morgan Stanley maintained it with “Equal-Weight” rating and $140 target in Monday, July 16 report. Barclays Capital upgraded the shares of PSX in report on Wednesday, October 3 to “Equal-Weight” rating.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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