$1.27 EPS Expected for Phillips 66 (PSX)

Lloyd Doyle
January 13, 2018

Atlantic Trust Group LLC now owns 37,190 shares of the oil and gas company's stock valued at $3,407,000 after purchasing an additional 2,336 shares during the last quarter.

Phillips 66 announced that its Board of Directors has authorized a share buyback program on Monday, October 9th that allows the company to repurchase $3.00 billion in outstanding shares. The stock decreased 0.71% or $0.025 during the last trading session, reaching $3.475. SteadyMed Ltd. (NASDAQ:STDY) has risen 139.93% since January 13, 2017 and is uptrending. It has outperformed by 1.55% the S&P500. Morgan Stanley restated an "equal weight" rating on shares of Phillips 66 in a report on Thursday. This repurchase authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. The Fayez Sarofim & Company holds 748,749 shares with $68.59M value, down from 794,783 last quarter. Petroleum & Resources Corp who had been investing in Phillips 66 for a number of months, seems to be bullish on the $53.69B market cap company. About 1.85M shares traded or 6.78% up from the average.

Phillips 66 (NYSE PSX) traded up $0.29 during trading hours on Friday, reaching $102.37. It has underperformed by 15.93% the S&P500. Therefore 44% are positive. Piper Jaffray Companies set a $93.00 target price on shares of Phillips 66 and gave the stock a "buy" rating in a research report on Monday, November 13th. RBC Capital Markets maintained Phillips 66 (NYSE:PSX) on Thursday, July 20 with "Hold" rating. The firm issued a neutral rating and a $108.00 target price on the oil and gas company's stock. The firm earned "Sell" rating on Wednesday, December 20 by Jefferies.

Investors sentiment increased to 0.92 in 2017 Q3. Its down 0.01, from 0.78 in 2017Q2.


Several hedge funds and other institutional investors have recently bought and sold shares of PSX. Finally, Nationwide Fund Advisors boosted its stake in shares of Phillips 66 by 7.7% in the 3rd quarter. 353.24 million shares or 0.95% more from 349.91 million shares in 2017Q2 were reported. Bryn Mawr owns 5,937 shares or 0.03% of their U.S. portfolio. Bank of New York Mellon Corp now owns 6,838,096 shares of the oil and gas company's stock worth $626,438,000 after purchasing an additional 422,652 shares during the period. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since January 12, 2017 and is uptrending. Parkside Fin Comml Bank owns 157 shares for 0% of their portfolio. Teacher Retirement Sys Of Texas owns 0.13% invested in Phillips 66 (NYSE:PSX) for 235,496 shares. 411.79 million shares or 1.95% less from 419.99 million shares in 2017Q2 were reported. Omers Administration owns 219,965 shares or 0.64% of their USA portfolio. AXA lifted its position in Phillips 66 by 2.0% during the third quarter. Security Bancorp Of So Dak invested in 0.23% or 2,216 shares. State Treasurer State Of Michigan has invested 0.1% in Phillips 66 (NYSE:PSX). Tradition Capital Lc stated it has 21,765 shares or 0.65% of all its holdings. Howe And Rusling Incorporated holds 618 shares or 0.01% of its portfolio. Verition Fund Mngmt Ltd Liability invested in 0.12% or 15,784 shares. Credit Suisse upgraded the shares of PSX in report on Tuesday, October 27 to "Outperform" rating. During the same quarter in the previous year, the company posted $1.05 earnings per share. analysts expect that Phillips 66 will post 4.5 EPS for the current fiscal year. PSX's profit will be $649.62 million for 20.50 P/E if the $1.27 EPS becomes a reality. The oil and gas company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.04.

Since September 19, 2017, it had 0 insider buys, and 2 selling transactions for $373,204 activity. Therefore 83% are positive. SteadyMed had 7 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has "Underweight" rating by Barclays Capital given on Tuesday, November 14. The stock of Stella-Jones Inc. BTIG Research maintained the shares of ABMD in report on Tuesday, August 4 with "Hold" rating. The stock has "Buy" rating by UBS on Friday, October 23. Benchmark has "Buy" rating and $96 target. As per Monday, November 23, the company rating was downgraded by Goldman Sachs. The firm has "Hold" rating given on Thursday, June 1 by Jefferies. The rating was initiated by Sterne Agee CRT on Tuesday, August 18 with "Buy". The firm has "Equal-Weight" rating by given on Monday, October 10. 19,757 shares were sold by Smith Gregory D, worth $4.85 million.

Investors sentiment increased to 1.04 in Q3 2017. Its down 0.13, from 1.43 in 2017Q2. It dived, as 48 investors sold MCD shares while 638 reduced holdings. Guggenheim Cap Limited Liability Corp invested in 0.01% or 98,731 shares. Vanguard Gp stated it has 0.03% in ABIOMED, Inc. Tortoise Invest Limited Liability Com accumulated 598 shares or 0.02% of the stock. Raymond James Tru Na invested 0.14% in Lowe's Companies, Inc. Moreover, Rnc Cap Management Limited Liability Corporation has 0.31% invested in Lowe's Companies, Inc. Pnc Financial Services Group Inc sold 24,701 shares as the company's stock declined 0.52% while stock markets rallied. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 2,541 shares. Employees Retirement System Of Ohio has invested 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH). (NASDAQ:ABMD) for 11,200 shares. Finally, Principal Financial Group Inc. boosted its stake in Phillips 66 by 47.6% in the 2nd quarter. (NASDAQ:ABMD). Natixis invested in 13,805 shares. Piedmont Investment Advsr Limited Liability Company has 8,256 shares. It also reduced its holding in Dollar General (NYSE:DG) by 157,387 shares in the quarter, leaving it with 2.25 million shares, and cut its stake in Marsh & Mclennan Co.

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