Phillips 66 (PSX) : Capital Advantage added new position in Phillips 66 during the most recent quarter end. The investment management firm now holds 9,278 shares of Phillips 66 which is valued at $731,199 , the company said in a statement filed on Aug 10, 2016 with the SEC.Phillips 66 makes up approximately 0.21% of Capital Advantage’s portfolio.
Other Hedge Funds, Including , Financial Engines Advisors L.l.c. reduced its stake in PSX by selling 186 shares or 26.27% in the most recent quarter. The Hedge Fund company now holds 522 shares of PSX which is valued at $41,139. Phillips 66 makes up approx 0.03% of Financial Engines Advisors L.l.c.’s portfolio.Copeland Capital Management boosted its stake in PSX in the latest quarter, The investment management firm added 8,557 additional shares and now holds a total of 32,485 shares of Phillips 66 which is valued at $2,542,926. Phillips 66 makes up approx 0.17% of Copeland Capital Management’s portfolio.California State Teachers Retirement System reduced its stake in PSX by selling 199,673 shares or 16.87% in the most recent quarter. The Hedge Fund company now holds 983,654 shares of PSX which is valued at $77,374,224. Phillips 66 makes up approx 0.16% of California State Teachers Retirement System’s portfolio. Murphy Capital Management Inc sold out all of its stake in PSX during the most recent quarter. The investment firm sold 3,976 shares of PSX which is valued $299,552.
Phillips 66 opened for trading at $77.63 and hit $78.69 on the upside on Friday, eventually ending the session at $78.05, with a gain of 0.13% or 0.1 points. The heightened volatility saw the trading volume jump to 24,00,507 shares. Company has a market cap of $40,808 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.
Many Wall Street Analysts have commented on Phillips 66. 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 was Downgraded by Scotia Howard Weil to ” Sector Perform” on Jul 11, 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.