Btr Capital Management Inc Lowers stake in Phillips 66 (PSX)

Phillips 66 (PSX) : Btr Capital Management Inc reduced its stake in Phillips 66 by 55.16% during the most recent quarter end. The investment management company now holds a total of 4,953 shares of Phillips 66 which is valued at $392,822 after selling 6,092 shares in Phillips 66 , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Phillips 66 makes up approximately 0.09% of Btr Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in PSX in the latest quarter, The investment management firm added 1,375 additional shares and now holds a total of 115,537 shares of Phillips 66 which is valued at $9,163,239. Phillips 66 makes up approx 0.20% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Marshwinds Advisory Co boosted its stake in PSX in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 23,866 shares of Phillips 66 which is valued at $1,888,994. Phillips 66 makes up approx 0.95% of Marshwinds Advisory Co’s portfolio.W.g. Shaheen Associates Dba Whitney Co boosted its stake in PSX in the latest quarter, The investment management firm added 2,800 additional shares and now holds a total of 45,779 shares of Phillips 66 which is valued at $3,623,408. Phillips 66 makes up approx 1.48% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Baltimore-washington Financial Advisors reduced its stake in PSX by selling 1,957 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 52,321 shares of PSX which is valued at $4,214,980. Phillips 66 makes up approx 1.22% of Baltimore-washington Financial Advisors’s portfolio.Hudson Valley Investment Advisors Inc Adv boosted its stake in PSX in the latest quarter, The investment management firm added 84 additional shares and now holds a total of 15,989 shares of Phillips 66 which is valued at $1,299,906. Phillips 66 makes up approx 0.40% of Hudson Valley Investment Advisors Inc Adv’s portfolio.

Phillips 66 opened for trading at $79.74 and hit $80.12 on the upside on Friday, eventually ending the session at $79.31, with a gain of 0.20% or 0.16 points. The heightened volatility saw the trading volume jump to 14,20,794 shares. Company has a market cap of $41,467 M.

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.

Investors should note that on Oct 7, 2016, Phillips 66 announced a cash dividend of $0.6300. The company’s management has announced Nov 15, 2016 as the ex-dividend date and fixed the record date on Nov 17, 2016. The payable date has been fixed on Dec 1, 2016.

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.

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