M Kraus & Company Increased Phillips 66 (NYSE:PSX) by $3.17 Million as Shares Rose


M Kraus & Company increased its stake in Phillips 66 (NYSE:PSX) by 776.74% based on its latest 2016Q2 regulatory filing with the SEC. M Kraus & Company bought 40,577 shares as the company’s stock rose 8.13% with the market. The institutional investor held 45,801 shares of the integrated oil company at the end of 2016Q2, valued at $3.60 million, up from 5,224 at the end of the previous reported quarter. M Kraus & Company who had been investing in Phillips 66 for a number of months, seems to be bullish on the $40.98 billion market cap company. The stock is down 1.81% or $1.43 hitting $77.41, despite the positive news. About 803,509 shares traded hands. Phillips 66 (NYSE:PSX) has risen 3.36% since February 8, 2016 and is uptrending. It has underperformed by 13.13% the S&P500.

M Kraus & Company is a Vermont-based institutional investor with more than $223.31 million AUM in November, 2014. Taken from M Kraus & latest Adv, the fund reported to have 4 full and part-time employees. Among which 2 performing investment advisory and research functions. The institutional investor had more than 158 clients.

The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.09, from 0.9 in 2016Q1. The ratio is negative, as 75 funds sold all PSX shares owned while 394 reduced positions. 67 funds bought stakes while 314 increased positions. They now own 360.95 million shares or 2.47% less from 370.08 million shares in 2016Q1.

Midwest Investment Management Llc holds 3.46% of its portfolio in PSX for 53,539 shares. East Coast Asset Management Llc. owns 77,311 shares or 3.35% of their US portfolio. Moreover, Lau Associates Llc has 3.35% invested in the company for 40,095 shares. The New York-based A.R. Schmeidler & Co. Inc. has invested 3.18% in the stock. Viking Fund Management Llc, a North Dakota-based fund reported 220,000 shares.

Out of 13 analysts covering Phillips 66 (NYSE:PSX), 1 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 8% are positive. Phillips 66 has been the topic of 25 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Jefferies initiated the stock on August 23 with “Hold” rating.

Phillips 66 is an energy manufacturing and logistics firm with midstream, chemicals, refining and marketing, and specialties businesses. The company has a market cap of $40.98 billion. The Firm operates its business through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 13.47 P/E ratio. The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.

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