A.r. Schmeidler buys $14.9 Million stake in Phillips 66 (PSX)

Phillips 66 (PSX) : A.r. Schmeidler scooped up 21,672 additional shares in Phillips 66 during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 190,590 shares of Phillips 66 which is valued at $14.9 Million.Phillips 66 makes up approximately 3.51% of A.r. Schmeidler’s portfolio.

Other Hedge Funds, Including , Kwmg boosted its stake in PSX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 2,667 shares of Phillips 66 which is valued at $208,933. Phillips 66 makes up approx 0.12% of Kwmg’s portfolio. Spot Trading L.l.c sold out all of its stake in PSX during the most recent quarter. The investment firm sold 8,252 shares of PSX which is valued $646,462.Cabot Wealth Management Inc reduced its stake in PSX by selling 6 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 2,516 shares of PSX which is valued at $197,103. Phillips 66 makes up approx 0.05% of Cabot Wealth Management Inc’s portfolio.Financial Advisory Service reduced its stake in PSX by selling 49 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 3,870 shares of PSX which is valued at $303,872. Phillips 66 makes up approx 0.16% of Financial Advisory Service’s portfolio.Ifp Advisors Inc reduced its stake in PSX by selling 2,219 shares or 9.14% in the most recent quarter. The Hedge Fund company now holds 22,064 shares of PSX which is valued at $1.7 Million. Phillips 66 makes up approx 0.10% of Ifp Advisors Inc’s portfolio.

Phillips 66 opened for trading at $78.22 and hit $78.8 on the upside on Monday, eventually ending the session at $78.68, with a gain of 1.25% or 0.97 points. The heightened volatility saw the trading volume jump to 31,07,039 shares. Company has a market cap of $41,353 M.

On the company’s financial health, Phillips 66 reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.20 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $0.87.Analysts expectations of $ 27437.26.During the same quarter in the previous year, the company posted $1.51 EPS.

Many Wall Street Analysts have commented on Phillips 66. Shares were Reiterated by Barclays on May 2, 2016 to “Overweight” and Lowered the Price Target to $ 93 from a previous price target of $97 .Phillips 66 was Downgraded by Citigroup to ” Neutral” on Apr 20, 2016. Shares were Reiterated by Barclays on Apr 8, 2016 to “Overweight” and Lowered the Price Target to $ 98 from a previous price target of $102 .

Phillips 66 is an energy manufacturing and logistics company with midstream chemicals refining and marketing and specialties businesses. The Company operates its business through four segments: midstream chemicals refining and marketing and specialties. It gathers processes transports and markets natural gas and transports fractionates and markets natural gas liquids (NGL) in the United States. The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). The refining segment buys sells and refines crude oil and other feedstocks into petroleum products (such as gasolines distillates and aviation fuels) at 14 refineries mainly in the United States and Europe. The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines distillates and aviation fuels) mainly in the United States and Europe.

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