Alta Capital Management LLC Trimmed Position in Phillips 66 (PSX) by $14.68 Million as Stock Declined

April 17, 2018 - By Paula Hilliard

Phillips 66 (NYSE:PSX) LogoInvestors sentiment increased to 1.01 in 2017 Q4. Its up 0.09, from 0.92 in 2017Q3. It increased, as 34 investors sold PSX shares while 372 reduced holdings. 125 funds opened positions while 284 raised stakes. 351.44 million shares or 0.51% less from 353.24 million shares in 2017Q3 were reported. Savant Cap Limited Liability has invested 0.14% in Phillips 66 (NYSE:PSX). 32,158 were accumulated by Usca Ria Ltd Limited Liability Company. Peddock Capital Advsrs Limited Com stated it has 138 shares or 0.01% of all its holdings. Plante Moran Fincl Advsrs Ltd Liability Company invested 0.09% in Phillips 66 (NYSE:PSX). Berkshire Asset Lc Pa holds 5,856 shares or 0.06% of its portfolio. Wedgewood Invsts Inc Pa holds 4,689 shares or 0.39% of its portfolio. Diversified stated it has 2,230 shares. Assetmark has invested 0% in Phillips 66 (NYSE:PSX). Keybank Association Oh stated it has 412,507 shares. Somerset Tru has invested 0.85% in Phillips 66 (NYSE:PSX). Northern Mngmt Ltd Liability Com has invested 0.15% in Phillips 66 (NYSE:PSX). Monroe State Bank Mi, Michigan-based fund reported 100 shares. Bb&T Ltd Liability owns 142,202 shares. Chemung Canal Tru Communication stated it has 0.64% in Phillips 66 (NYSE:PSX). Associated Banc holds 128,524 shares or 0.7% of its portfolio.

Since December 15, 2017, it had 0 insider purchases, and 1 sale for $270,675 activity.

Alta Capital Management Llc decreased its stake in Phillips 66 (PSX) by 22.95% based on its latest 2017Q4 regulatory filing with the SEC. Alta Capital Management Llc sold 145,388 shares as the company’s stock declined 5.13% with the market. The institutional investor held 488,163 shares of the integrated oil company at the end of 2017Q4, valued at $49.38M, down from 633,551 at the end of the previous reported quarter. Alta Capital Management Llc who had been investing in Phillips 66 for a number of months, seems to be less bullish one the $49.96 billion market cap company. The stock increased 0.29% or $0.31 during the last trading session, reaching $107.13. About 698,943 shares traded. Phillips 66 (NYSE:PSX) has risen 23.90% since April 17, 2017 and is uptrending. It has outperformed by 12.35% the S&P500.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on April, 27. They expect $1.24 earnings per share, up 121.43 % or $0.68 from last year’s $0.56 per share. PSX’s profit will be $578.24M for 21.60 P/E if the $1.24 EPS becomes a reality. After $1.07 actual earnings per share reported by Phillips 66 for the previous quarter, Wall Street now forecasts 15.89 % EPS growth.

Phillips 66 (NYSE:PSX) Ratings Coverage

Among 13 analysts covering Phillips 66 (NYSE:PSX), 4 have Buy rating, 2 Sell and 7 Hold. Therefore 31% are positive. Phillips 66 had 24 analyst reports since October 18, 2017 according to SRatingsIntel. The stock of Phillips 66 (NYSE:PSX) earned “Buy” rating by Piper Jaffray on Sunday, January 21. Jefferies maintained it with “Sell” rating and $83.0 target in Wednesday, January 24 report. As per Wednesday, February 14, the company rating was maintained by Cowen & Co. The firm earned “Neutral” rating on Wednesday, November 15 by UBS. The stock of Phillips 66 (NYSE:PSX) earned “Sell” rating by Jefferies on Wednesday, December 20. The rating was maintained by JP Morgan on Monday, October 30 with “Neutral”. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, January 30. The stock of Phillips 66 (NYSE:PSX) has “Buy” rating given on Wednesday, January 10 by Scotia Capital. The company was maintained on Monday, April 9 by JP Morgan. RBC Capital Markets maintained Phillips 66 (NYSE:PSX) rating on Friday, April 13. RBC Capital Markets has “Hold” rating and $10500 target.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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