Exxonmobil Investment Management Inc Tx Lowers stake in Phillips 66 (PSX)

Phillips 66 (PSX) : Exxonmobil Investment Management Inc Tx reduced its stake in Phillips 66 by 6.28% during the most recent quarter end. The investment management company now holds a total of 113,477 shares of Phillips 66 which is valued at $9,122,416 after selling 7,605 shares in Phillips 66 , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Phillips 66 makes up approximately 0.19% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Randolph Co Inc sold out all of its stake in PSX during the most recent quarter. The investment firm sold 10,023 shares of PSX which is valued $805,749.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.Bnp Paribas Arbitrage Sa reduced its stake in PSX by selling 62,578 shares or 26.07% in the most recent quarter. The Hedge Fund company now holds 177,469 shares of PSX which is valued at $14,390,961. Phillips 66 makes up approx 0.06% of Bnp Paribas Arbitrage Sa’s portfolio. Cardinal Capital Management added PSX to its portfolio by purchasing 110 company shares during the most recent quarter which is valued at $8,920.Stillwater Investment Management boosted its stake in PSX in the latest quarter, The investment management firm added 438 additional shares and now holds a total of 15,217 shares of Phillips 66 which is valued at $1,233,947. Phillips 66 makes up approx 0.67% of Stillwater Investment Management’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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

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.