In today’s session Phillips 66 (PSX) registered an unusually high (525) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PSX increase. With 525 contracts traded and 6414 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PSX161118C00077500 closed last at: $6.1 or 17.3% up. About 270,221 shares traded hands. Phillips 66 (NYSE:PSX) has declined 3.70% since April 14, 2016 and is downtrending. It has underperformed by 8.39% the S&P500.
Phillips 66 (NYSE:PSX) Ratings Coverage
Out of 15 analysts covering Phillips 66 (NYSE:PSX), 1 rate it a “Buy”, 0 “Sell”, while 14 “Hold”. This means 7% are positive. Phillips 66 has been the topic of 28 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Credit Suisse maintained Phillips 66 (NYSE:PSX) rating on Tuesday, January 26. Credit Suisse has “Outperform” rating and $85 price target. The company was downgraded on Wednesday, July 13 by Barclays Capital. The rating was initiated by Cowen & Co on Monday, March 28 with “Market Perform”. The stock has “Neutral” rating given by UBS on Thursday, May 19. The stock of Phillips 66 (NYSE:PSX) has “Market Perform” rating given on Friday, July 8 by Wells Fargo. The stock has “Neutral” rating given by Goldman Sachs on Friday, September 30. The rating was downgraded by Credit Suisse to “Neutral” on Monday, November 2. On Tuesday, August 23 the stock rating was initiated by Jefferies with “Hold”. The stock of Phillips 66 (NYSE:PSX) earned “Sector Perform” rating by Howard Weil on Monday, July 11. On Monday, November 2 the stock rating was maintained by Barclays Capital with “Overweight”.
According to Zacks Investment Research, “Phillips 66 is a downstream energy company. It operates in three segments: Refining & Marketing, Midstream and Chemicals. The Refining and Marketing segment purchases, refines, markets and transports crude oil and petroleum products, mainly in the United States, Europe and Asia and also engages in power generation activities, lubricants and other specialty products businesses. The Midstream segment gathers, processes, transports and markets natural gas and fractionates and markets NGL, predominantly in the United States. The Chemicals segment manufactures and markets petrochemicals and plastics. Phillips 66 is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.09, from 0.9 in 2016Q1. The ratio turned negative, as 75 funds sold all Phillips 66 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.
Joel Isaacson & Com Ltd accumulated 1,869 shares or 0.03% of the stock. Argent Management Ltd, a Missouri-based fund reported 2,825 shares. Moreover, Ghp Inv Advsr Incorporated has 0.17% invested in Phillips 66 (NYSE:PSX) for 9,808 shares. Kcm Investment Limited Liability Corporation has 4,474 shares for 0.02% of their US portfolio. Johnson Fin Grp Inc Incorporated Inc accumulated 18,561 shares or 0.2% of the stock. American Mngmt Comm accumulated 0.14% or 4,624 shares. Williams Jones & Associate Ltd Llc has invested 0.01% of its portfolio in Phillips 66 (NYSE:PSX). Segment Wealth Mgmt Ltd accumulated 0.16% or 4,986 shares. Reilly Fincl Advisors Limited Liability Company holds 1,249 shares or 0.02% of its portfolio. Ent Financial last reported 0.04% of its portfolio in the stock. Texas Yale Cap Corp owns 23,806 shares or 0.19% of their US portfolio. Staley Capital Advisers holds 3,500 shares or 0.03% of its portfolio. Mutual Of America Llc has 54,564 shares for 0.09% of their US portfolio. Nippon Life Company last reported 20,806 shares in the company. Kwmg Limited Liability reported 2,655 shares or 0.11% of all its holdings.
Insider Transactions: Since May 19, 2016, the stock had 10 insider buys, and 6 sales for $316.18 million net activity. BERKSHIRE HATHAWAY INC bought $6.53 million worth of Phillips 66 (NYSE:PSX) on Thursday, August 25. Shares for $5.00M were sold by Garland Greg C. on Friday, June 3. Loomis William R Jr bought $1.00 million worth of stock or 12,680 shares. $3.19M worth of Phillips 66 (NYSE:PSX) was sold by Johnson Paula Ann on Wednesday, June 29. $5.82M worth of Phillips 66 (NYSE:PSX) was sold by Ziemba Lawrence Michael. The insider Taylor Timothy Garth sold 50,000 shares worth $3.90 million. Shares for $345,686 were sold by Herman Robert A.
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 $44.08 billion. The Firm operates its business through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 21.78 P/E ratio. The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.
PSX Company Profile
Phillips 66, incorporated on November 10, 2011, is an energy manufacturing and logistics firm with midstream, chemicals, refining and marketing, and specialties businesses. The Firm operates its business through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S).
More notable recent Phillips 66 (NYSE:PSX) news were published by: Fool.com which released: “Better Buy: Suncor Energy Inc. vs. Phillips 66” on November 01, 2016, also Wsj.com with their article: “Phillips 66 Posts Revenue and Profit Decline” published on October 28, 2016, Bizjournals.com published: “Houston’s Phillips 66 cuts 2016 spending expectations” on October 28, 2016. More interesting news about Phillips 66 (NYSE:PSX) were released by: Nasdaq.com and their article: “Phillips 66 (PSX) Ex-Dividend Date Scheduled for November 15, 2016” published on November 14, 2016 as well as Bizjournals.com‘s news article titled: “Phillips 66 names new marketing, commercial group leadership” with publication date: November 11, 2016.
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