Phillips 66 Common Stock (NYSE:PSX).
Raymond James & Associates says it raised its ownership in Phillips 66 Common Stock shares by 23,506 shares in its quarterly SEC filing. Its position was worth $58,765,000 an increase of $7,666,000 according to the filing.
Several firms have shifted positions in (PSX). As of the end of the quarter Tredje Ap-fonden had acquired a total of 21,070 shares growing its stake by 46.1%. The value in dollars went from $3,776,000 to $6,113,000 a change of 61.9% quarter to quarter. As of quarter end Baird Financial Group, Inc. had sold 1,627 shares trimming its holdings by 2.6%. The value of the total investment in Phillips 66 Common Stock increased from $5,136,000 to $5,541,000 increasing 7.9% for the reporting period.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired a total of 96 shares growing its position 0.2%. The value of the investment in PSX went from $4,680,000 to $5,194,000 a change of $514,000 since the last quarter.
Equity analyst J P Morgan Chase & Co raised the price target of the stock on October 30 changing the forecast from $93.00 to $95.00 with a rating of “Neutral”. October 17 investment analysts at Cowen and Company made no change to the stock rating of “Buy” with a current price target of $101.00.
On October 17 Wells Fargo & Company kept the company rating at “Market Perform” projecting a price of $91.00.
October 12 investment analysts at Argus held the stock rating at “Buy” targeting a price of $108.00. Barclays PLC released research on PSX stating a rating of “Equal Weight” and price target of $95.00.
The company is so far trading up since yesterday’s close of 92.83. The company currently has a P/E ratio of 23.37 and the market value is 47.06B. In the last earnings report the EPS was $3.97 with 506.74M shares presently outstanding.
Traders are a little more bearish on Phillips 66 Common Stock of late if you pay attention to the rise in short interest. The stock saw a rise in short interest of 3.68% as of October 13, 2017 from the last reporting period. Short shares increased 270,759 over that period. The short-interest ratio increased to 5.0 and the short interest percentage is 0.02% as of October 13.