Santa Barbara Asset Management LLC Position in Phillips 66 (PSX) Has Decreased by $6.00 Million as Market Valuation Declined

Phillips 66 (NYSE:PSX) LogoInvestors sentiment increased to 1.16 in Q2 2018. Its up 0.25, from 0.91 in 2018Q1. It is positive, as 30 investors sold PSX shares while 374 reduced holdings. 132 funds opened positions while 335 raised stakes. 314.02 million shares or 0.04% less from 314.13 million shares in 2018Q1 were reported. Moreover, Amp Capital Investors Ltd has 0.16% invested in Phillips 66 (NYSE:PSX) for 255,318 shares. 16,355 were accumulated by Mirae Asset Glob Invs. Linscomb & Williams holds 0.06% or 6,543 shares in its portfolio. Navellier And Assoc invested 0.63% in Phillips 66 (NYSE:PSX). Ibm Retirement Fund holds 0.22% of its portfolio in Phillips 66 (NYSE:PSX) for 9,451 shares. Federated Investors Pa invested 0.01% in Phillips 66 (NYSE:PSX). Retirement Of Alabama reported 196,978 shares or 0.11% of all its holdings. Prudential Public Ltd holds 0.16% or 443,463 shares. Washington Comml Bank invested in 0.09% or 5,646 shares. Cheviot Value Management Ltd Liability invested in 19,014 shares. Tributary Capital Mngmt Limited stated it has 3,700 shares. The Japan-based Asset Management One Ltd has invested 0.17% in Phillips 66 (NYSE:PSX). Endurance Wealth Mngmt has 625 shares. Franklin Res has invested 0.01% in Phillips 66 (NYSE:PSX). Putnam Fl Invest Management Company invested in 0.03% or 2,786 shares.

Since November 20, 2018, it had 1 insider buy, and 0 insider sales for $1.98 million activity.

Santa Barbara Asset Management Llc decreased its stake in Phillips 66 (PSX) by 2.41% based on its latest 2018Q2 regulatory filing with the SEC. Santa Barbara Asset Management Llc sold 53,583 shares as the company’s stock declined 3.10% while stock markets rallied. The institutional investor held 2.17M shares of the integrated oil company at the end of 2018Q2, valued at $243.63 million, down from 2.22 million at the end of the previous reported quarter. Santa Barbara Asset Management Llc who had been investing in Phillips 66 for a number of months, seems to be less bullish one the $41.66 billion market cap company. The stock decreased 2.43% or $2.25 during the last trading session, reaching $90.35. About 3.88 million shares traded or 29.15% up from the average. Phillips 66 (NYSE:PSX) has risen 30.83% since December 8, 2017 and is uptrending. It has outperformed by 15.21% the S&P500.

Santa Barbara Asset Management Llc, which manages about $4.47B and $6.57 billion US Long portfolio, upped its stake in Cyrusone Inc (NASDAQ:CONE) by 388,259 shares to 2.20 million shares, valued at $128.51M in 2018Q2, according to the filing.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on February, 1. They expect $1.95 earnings per share, up 82.24 % or $0.88 from last year’s $1.07 per share. PSX’s profit will be $899.20M for 11.58 P/E if the $1.95 EPS becomes a reality. After $3.10 actual earnings per share reported by Phillips 66 for the previous quarter, Wall Street now forecasts -37.10 % negative EPS growth.

More important recent Phillips 66 (NYSE:PSX) news were published by: Seekingalpha.com which released: “Phillips 66: Buffett Dividend Stock On Sale – Phillips 66 (NYSE:PSX) – Seeking Alpha” on December 06, 2018, also Bizjournals.com published article titled: “Phillips 66 Partners names female executive as new COO to lead MLP – Houston Business Journal”, Fool.com published: “Warren Buffett Just Sold 19 Million Shares of This Oil Giant: Here’s the Big Takeaway – Motley Fool” on November 16, 2018. More interesting news about Phillips 66 (NYSE:PSX) was released by: Nasdaq.com and their article: “Consolidated Research: 2018 Summary Expectations for Equifax, Celanese, McKesson, ManpowerGroup, NewMarket, and Phillips 66 — Fundamental Analysis, Key Performance Indications – Nasdaq” with publication date: December 07, 2018.

Phillips 66 (NYSE:PSX) Ratings Coverage

Among 9 analysts covering Phillips 66 (NYSE:PSX), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Phillips 66 had 11 analyst reports since July 16, 2018 according to SRatingsIntel. On Wednesday, October 3 the stock rating was upgraded by Barclays Capital to “Equal-Weight”. Jefferies upgraded the stock to “Hold” rating in Tuesday, October 16 report. Citigroup maintained Phillips 66 (NYSE:PSX) on Wednesday, August 15 with “Neutral” rating. Morgan Stanley maintained Phillips 66 (NYSE:PSX) rating on Monday, July 16. Morgan Stanley has “Equal-Weight” rating and $140 target. The firm has “Outperform” rating by Raymond James given on Monday, October 29. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, October 30. The firm earned “Equal-Weight” rating on Tuesday, November 20 by Morgan Stanley. On Friday, November 16 the stock rating was upgraded by U.S. Capital Advisors to “Buy”. The rating was maintained by Wells Fargo on Monday, October 29 with “Outperform”. Citigroup maintained the stock with “Neutral” rating in Friday, September 7 report.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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