Somerset Trust Co buys $2,163,670 stake in Phillips 66 (PSX)

Phillips 66 (PSX) : Somerset Trust Co scooped up 511 additional shares in Phillips 66 during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 28,376 shares of Phillips 66 which is valued at $2,163,670.Phillips 66 makes up approximately 1.30% of Somerset Trust Co’s portfolio.

Other Hedge Funds, Including , Nn Investment Partners Holdings N.v. reduced its stake in PSX by selling 13,634 shares or 12.61% in the most recent quarter. The Hedge Fund company now holds 94,506 shares of PSX which is valued at $7,206,083. Phillips 66 makes up approx 0.07% of Nn Investment Partners Holdings N.v.’s portfolio.Curbstone Financial Management Corp boosted its stake in PSX in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 8,354 shares of Phillips 66 which is valued at $625,297. Phillips 66 makes up approx 0.21% of Curbstone Financial Management Corp’s portfolio.Private Asset Management Inc reduced its stake in PSX by selling 270 shares or 6.64% in the most recent quarter. The Hedge Fund company now holds 3,799 shares of PSX which is valued at $284,355. Phillips 66 makes up approx 0.05% of Private Asset Management Inc’s portfolio. M. Kraus Co sold out all of its stake in PSX during the most recent quarter. The investment firm sold 4,749 shares of PSX which is valued $355,463.

Phillips 66 closed down -0.01 points or -0.01% at $75.65 with 24,18,444 shares getting traded on Monday. Post opening the session at $75.77, the shares hit an intraday low of $75 and an intraday high of $76.07 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Phillips 66 was Downgraded by Scotia Howard Weil to ” Sector Perform” on Jul 11, 2016. Phillips 66 was Downgraded by Wells Fargo to ” Market Perform” on Jul 8, 2016. Phillips 66 was Downgraded by Morgan Stanley to ” Equal-Weight” on Jun 17, 2016.

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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