LLC raised its position in shares of Phillips 66 Partners by 3,884.2% in the first quarter. It closed at $85.07 lastly. It is down 33.77% since August 8, 2016 and is uptrending. It has underperformed by 17.22% the S&P500.
Enterprise Financial Services Corp decreased its stake in Phillips 66 (PSX) by 91.76% based on its latest 2016Q4 regulatory filing with the SEC.
As of quarter end Ars Investment Partners, LLC had sold a total of 2,911 shares trimming its holdings by 1.6%. Barrett Asset Management LLC now owns 1,762 shares of the oil and gas company's stock valued at $140,000 after buying an additional 50 shares in the last quarter. (NYSE:AVD), 1 have Buy rating, 0 Sell and 3 Hold.
Now the return on equity is 7.80% and its debt to equity is 0.45. About 229,591 shares traded.
Phillips 66 Partners (NYSE:PSXP) last released its quarterly earnings results on Tuesday, August 1st. It has underperformed by 15.93% the S&P500. The institutional investor owned 8,333 shares of the oil and gas company's stock at the end of the first quarter. Its up 0.36, from 0.73 in 2016Q3. Hedge funds and other institutional investors own 42.14% of the company's stock. 115 funds opened positions while 706 raised stakes. Castleark Mngmt Ltd invested 0.05% in Phillips 66 Partners LP (NYSE:PSXP). 127,508 were accumulated by Bessemer Grp Inc.
Shares of Phillips 66 Partners (PSXP) opened at 47.41 on Wednesday. Hanseatic Management Svcs holds 12,799 shares or 0.27% of its portfolio. Phillips 66 Partners accounts for 0.6% of Global X Management Co. Rockefeller Svcs holds 6,417 shares or 0.01% of its portfolio. The dividend payment will be $0.700 per share for the quarter which comes to $2.80 on an annualized basis. The value of the investment in (PSX) increased from $12,020,000 to $13,819,000 a change of $1,799,000 quarter to quarter. Lockheed Martin Inv Com reported 0.19% of its portfolio in AT&T Inc. Zebra Cap Mngmt Limited Liability Company holds 0.4% or 15,376 shares. US Capital Advisors restated a "buy" rating on shares of Phillips 66 in a research note on Monday, May 22nd. State Of New Jersey Common Pension Fund D owns 215,000 shares. Tiaa Cref Trust Fsb Mo has 23,189 shares for 0.02% of their portfolio.
BidaskClub upgraded shares of Phillips 66 Partners LP (NYSE:PSXP) from a strong sell rating to a sell rating in a report issued on Saturday, June 24th. Therefore 80% are positive. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $88.87.
ILLEGAL ACTIVITY NOTICE: "Phillips 66 (NYSE:PSX) Shares Bought by State Street Corp" was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. The rating was maintained by PiperJaffray with "Overweight" on Thursday, May 25. The rating was maintained by Roth Capital on Tuesday, June 6 with "Buy". Scotiabank set a $86.00 price objective on Phillips 66 and gave the company a "hold" rating in a research report on Tuesday, August 1st. As per Monday, November 23, the company rating was downgraded by Goldman Sachs. The stock has "Hold" rating by RBC Capital Markets on Friday, April 21. As per Wednesday, May 4, the company rating was downgraded by Roth Capital. The stock has "Buy" rating by Mizuho on Friday, September 30.
Analysts await Franklin Covey Co. Analysts expect Phillips 66 Partners to earn $3.42 per share next year, which means the company should continue to be able to cover its $2.46 annual dividend with an expected future payout ratio of 71.9%. HD's profit will be $2.63 billion for 17.40 P/E if the $2.21 EPS becomes a reality. The oil and gas company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.07. BB&T Corp increased its stake in Phillips 66 by 29.2% in the first quarter. Menear Craig A also sold $14.21M worth of Home Depot Inc (NYSE:HD) shares. International Business Machs (NYSE:IBM) was raised too.
Investors sentiment decreased to 0.93 in Q4 2016. Its up 0.24, from 1.14 in 2016Q3. Tdam Usa stated it has 8,825 shares or 0.04% of all its holdings. The value of the position overall is down by 11.8%. Kayne Anderson Capital Lp has invested 1.09% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Moreover, Ahl Prns Ltd Liability Partnership has 0.02% invested in American Vanguard Corp. The stock of Phillips 66 (NYSE:PSX) earned "Sector Perform" rating by Howard Weil on Monday, July 11. Gulf National Bank (Uk) invested in 0.19% or 143,840 shares. Goldman Sachs Gru Incorporated invested in 0% or 33,638 shares. Victory Management Inc reported 129,893 shares stake. Callahan Advsrs Lc, Texas-based fund reported 4,888 shares. Lombard Odier Asset Management (Europe) Ltd stated it has 77,328 shares. Bingham Osborn And Scarborough Limited Com has invested 0.09% in AT&T Inc. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Therefore 67% are positive.
PSXP has been the topic of a number of recent research reports. Cantor Fitzgerald maintained it with "Hold" rating and $125 target in Wednesday, November 18 report. Barrington Research downgraded the stock to "Mkt Perform" rating in Wednesday, December 28 report. (NYSE:AVD) has "Neutral" rating given on Monday, November 28 by Piper Jaffray.