Advisory Services Network buys $658,394 stake in Phillips 66 (PSX)

Phillips 66 (PSX) : Advisory Services Network scooped up 1,144 additional shares in Phillips 66 during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 8,190 shares of Phillips 66 which is valued at $658,394.Phillips 66 makes up approximately 0.13% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in PSX by selling 400 shares or 3.81% in the most recent quarter. The Hedge Fund company now holds 10,100 shares of PSX which is valued at $811,939. Phillips 66 makes up approx 0.11% of First Mercantile Trust Co’s portfolio.Curbstone Financial Management Corp boosted its stake in PSX in the latest quarter, The investment management firm added 3,350 additional shares and now holds a total of 11,704 shares of Phillips 66 which is valued at $949,077. Phillips 66 makes up approx 0.31% of Curbstone Financial Management Corp’s portfolio.Telemus Capital boosted its stake in PSX in the latest quarter, The investment management firm added 456 additional shares and now holds a total of 3,064 shares of Phillips 66 which is valued at $248,460. Phillips 66 makes up approx 0.03% of Telemus Capital’s portfolio.Lenox Wealth Advisors boosted its stake in PSX in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 197 shares of Phillips 66 which is valued at $15,975.Beacon Financial Group reduced its stake in PSX by selling 1,599 shares or 18.5% in the most recent quarter. The Hedge Fund company now holds 7,046 shares of PSX which is valued at $571,360. Phillips 66 makes up approx 0.12% of Beacon Financial Group’s portfolio.

Phillips 66 closed down -0.38 points or -0.47% at $80.39 with 16,14,694 shares getting traded on Friday. Post opening the session at $81, the shares hit an intraday low of $80 and an intraday high of $81.072 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Phillips 66 reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.93.Analysts expectations of $ 29056.46.During the same quarter in the previous year, the company posted $1.83 EPS.

Many Wall Street Analysts have commented on Phillips 66. Phillips 66 was Upgraded by Goldman to ” Neutral” on Sep 30, 2016. Phillips 66 was Initiated by Jefferies to “Hold” on Aug 23, 2016. Cowen Upgraded Phillips 66 on Aug 3, 2016 to ” Outperform”, Price Target of the shares are set at $92.

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.

Leave a Reply

Phillips 66 - Is it time to Sell?

Top Brokerage Firms are advising their investors on Phillips 66. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.