Kayne Anderson Rudnick Investment Management Has Trimmed Lowes Co (LOW) Position; Fayez Sarofim & Company Trimmed Its Phillips66 (PSX) Holding

December 12, 2017 - By Vivian Park

Fayez Sarofim & Company decreased Phillips66 (PSX) stake by 1.44% reported in 2017Q2 SEC filing. Fayez Sarofim & Company sold 11,619 shares as Phillips66 (PSX)’s stock declined 0.52%. The Fayez Sarofim & Company holds 794,783 shares with $65.72 million value, down from 806,402 last quarter. Phillips66 now has $51.01 billion valuation. The stock increased 0.17% or $0.17 during the last trading session, reaching $99.72. About 1.30M shares traded. Phillips 66 (NYSE:PSX) has risen 0.77% since December 12, 2016 and is uptrending. It has underperformed by 15.93% the S&P500.

Kayne Anderson Rudnick Investment Management Llc decreased Lowes Co (LOW) stake by 14.38% reported in 2017Q2 SEC filing. Kayne Anderson Rudnick Investment Management Llc sold 37,944 shares as Lowes Co (LOW)’s stock rose 10.23%. The Kayne Anderson Rudnick Investment Management Llc holds 225,889 shares with $17.51 million value, down from 263,833 last quarter. Lowes Co now has $70.98 billion valuation. The stock decreased 0.07% or $0.06 during the last trading session, reaching $85.54. About 6.78 million shares traded or 5.30% up from the average. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since December 12, 2016 and is uptrending. It has underperformed by 10.78% the S&P500.

Among 18 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Phillips 66 has $114 highest and $63 lowest target. $89.56’s average target is -10.19% below currents $99.72 stock price. Phillips 66 had 57 analyst reports since August 4, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of PSX in report on Monday, April 11 with “Neutral” rating. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, October 18 report. The rating was maintained by Jefferies on Thursday, June 1 with “Hold”. The stock has “Buy” rating by Cowen & Co on Tuesday, August 8. The firm earned “Buy” rating on Monday, September 11 by Cowen & Co. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, August 1. Barclays Capital maintained Phillips 66 (NYSE:PSX) on Tuesday, October 10 with “Equal-Weight” rating. JP Morgan maintained it with “Neutral” rating and $91 target in Monday, November 2 report. Barclays Capital maintained Phillips 66 (NYSE:PSX) on Monday, November 2 with “Overweight” rating. The company was maintained on Wednesday, August 2 by Barclays Capital.

Fayez Sarofim & Company increased Jpmorganchase&Co. (NYSE:JPM) stake by 8,775 shares to 4.65M valued at $425.00 million in 2017Q2. It also upped Nikeincclassb (NYSE:NKE) stake by 5,211 shares and now owns 1.35M shares. Facebookinc. (NASDAQ:FB) was raised too.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on February, 2. They expect $1.27 EPS, up 693.75% or $1.11 from last year’s $0.16 per share. PSX’s profit will be $649.62M for 19.63 P/E if the $1.27 EPS becomes a reality. After $1.66 actual EPS reported by Phillips 66 for the previous quarter, Wall Street now forecasts -23.49% negative EPS growth.

Investors sentiment increased to 0.92 in 2017 Q2. Its up 0.07, from 0.85 in 2017Q1. It is positive, as 50 investors sold PSX shares while 381 reduced holdings. 87 funds opened positions while 281 raised stakes. 349.91 million shares or 0.58% less from 351.94 million shares in 2017Q1 were reported. Jfs Wealth Advsr Ltd Llc has 0% invested in Phillips 66 (NYSE:PSX). Meyer Handelman has 57,468 shares. 2,969 were reported by Atlanta Capital Group. Blue Edge Capital Ltd Liability holds 5,088 shares or 0% of its portfolio. New Mexico Educational Retirement Board holds 0.16% of its portfolio in Phillips 66 (NYSE:PSX) for 40,728 shares. Ronald Blue & Co Ltd Com owns 2,580 shares. Balasa Dinverno & Foltz Ltd Liability Corporation holds 0.04% in Phillips 66 (NYSE:PSX) or 3,102 shares. Richard Bernstein Advsrs Lc, a New York-based fund reported 48,523 shares. Gradient Lc reported 0.47% stake. Janney Montgomery Scott Ltd Co invested in 0.17% or 169,239 shares. Maryland Management reported 0.05% stake. Estabrook Cap reported 0% in Phillips 66 (NYSE:PSX). Indexiq Advsrs Ltd Liability Corporation holds 0.04% in Phillips 66 (NYSE:PSX) or 8,947 shares. Franklin Resource invested in 0.01% or 137,865 shares. Cibc Markets Corporation accumulated 61,985 shares.

Investors sentiment increased to 1.04 in Q2 2017. Its up 0.01, from 1.03 in 2017Q1. It improved, as 79 investors sold LOW shares while 402 reduced holdings. 108 funds opened positions while 386 raised stakes. 606.01 million shares or 2.56% less from 621.93 million shares in 2017Q1 were reported. California-based Ashfield Capital Lc has invested 0.13% in Lowe's Companies, Inc. (NYSE:LOW). Omega Advisors holds 50,000 shares or 0.16% of its portfolio. Highbridge Capital Mgmt Ltd has 0.2% invested in Lowe's Companies, Inc. (NYSE:LOW) for 170,541 shares. Arizona State Retirement System, Arizona-based fund reported 212,744 shares. Inr Advisory Services Ltd Liability Company reported 40 shares. State Of Alaska Department Of Revenue holds 0.01% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) for 1,440 shares. Horizon Ser Lc stated it has 61,981 shares or 2.15% of all its holdings. Eads And Heald Counsel holds 0.84% or 16,851 shares in its portfolio. Quantum Capital Mgmt has invested 0.33% in Lowe's Companies, Inc. (NYSE:LOW). Cibc Asset Mgmt Inc invested 0.05% in Lowe's Companies, Inc. (NYSE:LOW). Capstone Invest Ltd Liability Corporation holds 0.03% or 12,000 shares in its portfolio. Foster Motley holds 0.74% or 54,094 shares. Alyeska Gru Lp holds 1.11M shares or 0.77% of its portfolio. The Indiana-based First Corp In has invested 0.18% in Lowe's Companies, Inc. (NYSE:LOW). Incline Global Limited Liability accumulated 721,252 shares or 4.56% of the stock.

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