As Phillips 66 (PSX) Share Price Declined, Petroleum & Resources Corp Has Lifted Its Holding by $7.45 Million

March 17, 2018 - By Michael Collier

Investors sentiment increased to 0.92 in Q3 2017. Its up 0.07, from 0.85 in 2017Q2. It is positive, as 40 investors sold PSX shares while 369 reduced holdings. 94 funds opened positions while 282 raised stakes. 353.24 million shares or 0.95% more from 349.91 million shares in 2017Q2 were reported. Tokio Marine Asset Management Com Ltd owns 3,532 shares or 0.05% of their US portfolio. Pggm Invs reported 132,367 shares. Lvm Capital Mngmt Limited Mi owns 4,721 shares. Ingalls Snyder Ltd Company invested 0.25% in Phillips 66 (NYSE:PSX). Zurcher Kantonalbank (Zurich Cantonalbank) owns 0.09% invested in Phillips 66 (NYSE:PSX) for 105,410 shares. Fiduciary Of The Southwest Tx holds 8,066 shares or 0.22% of its portfolio. Amundi Pioneer Asset Mgmt invested in 0.11% or 368,993 shares. Old Natl Bank In has 0.06% invested in Phillips 66 (NYSE:PSX). Koshinski Asset Mgmt holds 4,339 shares or 0.13% of its portfolio. Charter has invested 0.11% of its portfolio in Phillips 66 (NYSE:PSX). Catalyst Capital Advisors Ltd accumulated 853 shares or 0% of the stock. Caisse De Depot Et Placement Du Quebec holds 0.03% or 120,960 shares in its portfolio. The Massachusetts-based Srb has invested 0.03% in Phillips 66 (NYSE:PSX). Trust Of Toledo Na Oh reported 0.23% stake. Baker Ellis Asset Mgmt Llc owns 1,935 shares.

Since September 19, 2017, it had 0 buys, and 2 insider sales for $373,204 activity.

Petroleum & Resources Corp increased its stake in Phillips 66 (PSX) by 88.47% based on its latest 2017Q3 regulatory filing with the SEC. Petroleum & Resources Corp bought 81,900 shares as the company’s stock declined 0.52% while stock markets rallied. The institutional investor held 174,475 shares of the integrated oil company at the end of 2017Q3, valued at $15.98M, up from 92,575 at the end of the previous reported quarter. Petroleum & Resources Corp who had been investing in Phillips 66 for a number of months, seems to be bullish on the $44.69B market cap company. The stock increased 1.41% or $1.33 during the last trading session, reaching $95.79. About 3.19 million shares traded or 46.23% up from the average. Phillips 66 (NYSE:PSX) has risen 0.77% since March 17, 2017 and is uptrending. It has underperformed by 15.93% the S&P500.

Phillips 66 (NYSE:PSX) Ratings Coverage

Among 18 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Phillips 66 has $137.0 highest and $63 lowest target. $97.75’s average target is 2.05% above currents $95.79 stock price. Phillips 66 had 73 analyst reports since August 4, 2015 according to SRatingsIntel. Citigroup maintained Phillips 66 (NYSE:PSX) on Tuesday, March 13 with “Neutral” rating. UBS initiated the stock with “Neutral” rating in Thursday, May 19 report. The rating was maintained by Cowen & Co with “Buy” on Tuesday, October 17. Credit Suisse downgraded it to “Neutral” rating and $105 target in Monday, November 2 report. Oppenheimer maintained the shares of PSX in report on Friday, September 18 with “Outperform” rating. The company was upgraded on Friday, September 30 by Goldman Sachs. The stock of Phillips 66 (NYSE:PSX) earned “Buy” rating by Goldman Sachs on Monday, December 18. The firm has “Neutral” rating by JP Morgan given on Monday, November 2. Morgan Stanley downgraded Phillips 66 (NYSE:PSX) on Friday, June 17 to “Equal-Weight” rating. Jefferies maintained the shares of PSX in report on Monday, September 4 with “Hold” rating.

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