Phillips 66 (PSX) : Midwest Investment Management scooped up 1,645 additional shares in Phillips 66 during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 51,414 shares of Phillips 66 which is valued at $4 Million.Phillips 66 makes up approximately 3.27% of Midwest Investment Management’s portfolio.
Other Hedge Funds, Including , Meeder Asset Management Inc reduced its stake in PSX by selling 39,862 shares or 62.23% in the most recent quarter. The Hedge Fund company now holds 24,199 shares of PSX which is valued at $1.9 Million. Phillips 66 makes up approx 0.18% of Meeder Asset Management Inc’s portfolio.Bradley Foster Sargent Incct boosted its stake in PSX in the latest quarter, The investment management firm added 458 additional shares and now holds a total of 3,656 shares of Phillips 66 which is valued at $286,411. Phillips 66 makes up approx 0.01% of Bradley Foster Sargent Incct’s portfolio.New York State Common Retirement Fund reduced its stake in PSX by selling 9,720 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 1,556,150 shares of PSX which is valued at $122.2 Million. Phillips 66 makes up approx 0.19% of New York State Common Retirement Fund’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in PSX by selling 710 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 226,073 shares of PSX which is valued at $18.6 Million. Phillips 66 makes up approx 0.27% of Nisa Investment Advisors L.l.c.’s portfolio.
Phillips 66 opened for trading at $78.15 and hit $78.46 on the upside on Friday, eventually ending the session at $77.9, with a gain of 0.32% or 0.25 points. The heightened volatility saw the trading volume jump to 23,52,347 shares. Company has a market cap of $40,943 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.