Phillips 66 (PSX) Rating Lowered to Hold at US Capital Advisors

As Harvard Bioscience (HBIO) Market Valuation Declined, First Light Asset Management Increased Holding; Aristotle Capital Management Has Boosted Its Phillips 66 (PSX) Holding by $12.68 Million

As Harvard Bioscience (HBIO) Market Valuation Declined, First Light Asset Management Increased Holding; Aristotle Capital Management Has Boosted Its Phillips 66 (PSX) Holding by $12.68 Million

Check Capital Management Inc decreased Phillips 66 (PSX) stake by 2.71% reported in 2017Q2 SEC filing. Jefferies has "Hold" rating and $78.0 target. After $1.66 actual EPS reported by Phillips 66 for the previous quarter, Wall Street now forecasts -23.49 % negative EPS growth. If the published price targets set by Phillips 66 analysts have any power to influence the stock's share price, the highest price target set for PSX is $109. Barclays lowered Phillips 66 from an "equal weight" rating to an "underweight" rating and upped their price target for the company from $95.00 to $100.00 in a research report on Tuesday, November 14th. BidaskClub cut Phillips 66 from a "hold" rating to a "sell" rating in a research note on Friday, August 18th. Vetr upgraded Phillips 66 from a "hold" rating to a "buy" rating and set a $97.16 price target on the stock in a research report on Monday, November 27th. Check Capital Management Inc sold 4,988 shares as Phillips 66 (PSX)'s stock declined 0.52%.

Among 14 analysts covering Q2 Holdings Inc (NYSE:QTWO), 9 have Buy rating, 0 Sell and 5 Hold. Phillips 66 now has an average rating of "Hold" and an average target price of $93.25. Phillips 66 (PSX) has 0 billion shares outstanding now, 71.46% of which belong to institutional investors. The firm has a market cap of $49,887.64, a PE ratio of 28.11, a P/E/G ratio of 2.50 and a beta of 1.24.

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 1.31. Phillips 66 has a 1-year low of $73.67 and a 1-year high of $88.87. JP Morgan maintained Phillips 66 (NYSE:PSX) on Monday, November 2 with "Neutral" rating. Phillips 66 (NYSE:PSX) has risen 0.77% since December 7, 2016 and is uptrending. The firm had revenue of $26.21 billion for the quarter, compared to the consensus estimate of $29.94 billion. During the same period in the previous year, the business posted $0.67 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Yorktown Mngmt & invested in 0.16% or 6,100 shares. More interesting news about Phillips 66 (NYSE:PSX) were released by: Fool.com and their article: "Why 2017 Was a Year to Remember for Phillips 66" published on December 06, 2017 as well as Bizjournals.com's news article titled: "Phillips 66 president: Petrochemical investments "will continue to drive forward" with publication date: November 13, 2017. This represents a $2.80 annualized dividend and a dividend yield of 3.68%. Vanguard Group Inc. boosted its holdings in shares of Phillips 66 by 0.4% in the second quarter. This repurchase authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Finally, FMR LLC boosted its stake in Phillips 66 by 37.1% during the second quarter. FMR LLC now owns 7,520,743 shares of the oil and gas company's stock valued at $621,890,000 after purchasing an additional 2,036,258 shares during the last quarter. Sii Investments Inc. WI boosted its position in Phillips 66 by 2.4% during the 1st quarter. Wells Fargo & Company MN now owns 8,422,039 shares of the oil and gas company's stock valued at $696,418,000 after purchasing an additional 71,098 shares during the period. It also provides Q2mobility App to access, engage, and complete banking transactions, such as adding and managing payees, transferring funds, executing single or recurring payments, viewing e-statements or check images, and managing other general banking services through mobile and tablet devices; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2text, a mobile solution, which enables digital banking activities through the text messaging function of the device.

COPYRIGHT VIOLATION NOTICE: "Phillips 66 (PSX) Rating Lowered to Hold at US Capital Advisors" was first reported by Week Herald and is the sole property of of Week Herald. If you are reading this story on another publication, it was copied illegally and reposted in violation of USA and worldwide trademark and copyright law. Ruffer Llp who had been investing in Phillips 66 for a number of months, seems to be less bullish one the $50.08B market cap company.