Murphy Pohlad Asset Management buys $3,246,654 stake in Phillips 66 (PSX)

Phillips 66 (PSX) : Murphy Pohlad Asset Management scooped up 630 additional shares in Phillips 66 during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 41,019 shares of Phillips 66 which is valued at $3,246,654.Phillips 66 makes up approximately 2.46% of Murphy Pohlad Asset Management’s portfolio.

Other Hedge Funds, Including , Atria Investments added PSX to its portfolio by purchasing 2,807 company shares during the most recent quarter which is valued at $226,132. Phillips 66 makes up approx 0.02% of Atria Investments’s portfolio.Chicago Trust Co Na boosted its stake in PSX in the latest quarter, The investment management firm added 3,991 additional shares and now holds a total of 19,998 shares of Phillips 66 which is valued at $1,611,039. Phillips 66 makes up approx 0.74% of Chicago Trust Co Na’s portfolio.Advisory Services Network boosted its stake in PSX in the latest quarter, The investment management firm added 1,144 additional shares and now holds a total of 8,190 shares of Phillips 66 which is valued at $658,394. Phillips 66 makes up approx 0.13% of Advisory Services Network’s portfolio.New England Research Management boosted its stake in PSX in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 5,500 shares of Phillips 66 which is valued at $445,995. Phillips 66 makes up approx 0.38% of New England Research Management’s portfolio.

Phillips 66 closed down -0.74 points or -0.91% at $80.56 with 15,81,621 shares getting traded on Tuesday. Post opening the session at $81.24, the shares hit an intraday low of $80.1801 and an intraday high of $81.34 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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