Phillips 66 (NYSE:PSX) Shifting Institutional Investors Sentiment

Phillips 66 (NYSE:PSX) Logo

Sentiment for Phillips 66 (NYSE:PSX)

Phillips 66 (NYSE:PSX) institutional sentiment decreased to 0.95 in Q2 2019. Its down -0.26, from 1.21 in 2019Q1. The ratio has dropped, as 405 institutional investors increased or opened new equity positions, while 428 sold and trimmed positions in Phillips 66. The institutional investors in our partner’s database now own: 296.76 million shares, down from 305.73 million shares in 2019Q1. Also, the number of institutional investors holding Phillips 66 in their top 10 equity positions decreased from 7 to 4 for a decrease of 3. Sold All: 61 Reduced: 367 Increased: 322 New Position: 83.

Phillips 66 operates as an energy manufacturing and logistics company. The company has market cap of $46.10 billion. It operates through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 8.87 P/E ratio. The Midstream segment gathers, processes, transports, and markets natural gas; transports, stores, fractionates, and markets natural gas liquids in the United States; and stores, refrigerates, and exports liquefied petroleum gas (LPG) primarily to Asia and Europe.

The stock increased 0.57% or $0.58 during the last trading session, reaching $102.77. About 1.57M shares traded. Phillips 66 (NYSE:PSX) has declined 16.04% since September 13, 2018 and is downtrending. It has underperformed by 16.04% the S&P500.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on October, 25. They expect $2.37 earnings per share, down 23.55 % or $0.73 from last year’s $3.1 per share. PSX’s profit will be $1.06B for 10.84 P/E if the $2.37 EPS becomes a reality. After $3.02 actual earnings per share reported by Phillips 66 for the previous quarter, Wall Street now forecasts -21.52 % negative EPS growth.

Rr Partners Lp holds 9.42% of its portfolio in Phillips 66 for 908,072 shares. Sir Capital Management L.P. owns 240,000 shares or 3.92% of their US portfolio. Moreover, First Fiduciary Investment Counsel Inc. has 3.2% invested in the company for 161,747 shares. The Nebraska-based Lincoln Capital Llc has invested 3.16% in the stock. Energy Opportunities Capital Management Llc, a Texas-based fund reported 13,110 shares.

Since January 1, 0001, it had 1 insider buy, and 0 insider sales for $165,816 activity.

Phillips 66 (NYSE:PSX) Ratings Coverage

Ratings analysis reveals 50% of Phillips 66’s analysts are positive. Out of 4 Wall Street analysts rating Phillips 66, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $102 while the high is $11700. The stock’s average target of $110.25 is 7.28% above today’s ($102.77) share price. PSX was included in 12 notes of analysts from March 16, 2019. The firm has “Outperform” rating given on Monday, July 29 by Raymond James. The firm has “Outperform” rating given on Monday, July 8 by Raymond James. The rating was downgraded by Jefferies on Monday, April 15 to “Hold”. JP Morgan maintained Phillips 66 (NYSE:PSX) on Tuesday, September 10 with “Overweight” rating. The rating was maintained by Morgan Stanley on Tuesday, June 25 with “Hold”. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, May 17. On Friday, June 21 the stock rating was maintained by Raymond James with “Buy”.

More important recent Phillips 66 (NYSE:PSX) news were published by: Finance.Yahoo.com which released: “Here’s What Hedge Funds Think About Phillips 66 (PSX) – Yahoo Finance” on June 11, 2019, also Fool.com published article titled: “Better Buy: Kinder Morgan Canada vs. Phillips 66 Partners – Motley Fool”, Finance.Yahoo.com published: “Could Phillips 66’s (NYSE:PSX) Investor Composition Influence The Stock Price? – Yahoo Finance” on June 05, 2019. More interesting news about Phillips 66 (NYSE:PSX) was released by: Finance.Yahoo.com and their article: “Why Phillips 66 (NYSE:PSX) Could Be Your Next Investment – Yahoo Finance” with publication date: May 20, 2019.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.