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Phillips 66 (PSX) Reaches $99.55 52-Week High; Primeenergy (PNRG) Shorts Lowered By 35.29%

Primeenergy Corporation (NASDAQ:PNRG) had a decrease of 35.29% in short interest. PNRG’s SI was 2,200 shares in December as released by FINRA. Its down 35.29% from 3,400 shares previously. With 1,300 avg volume, 2 days are for Primeenergy Corporation (NASDAQ:PNRG)’s short sellers to cover PNRG’s short positions. The SI to Primeenergy Corporation’s float is 0.36%. It closed at $48.1 lastly. It is down 4.10% since December 10, 2016 and is downtrending. It has underperformed by 20.80% the S&P500.

The stock of Phillips 66 (NYSE:PSX) hit a new 52-week high and has $107.51 target or 8.00% above today’s $99.55 share price. The 5 months bullish chart indicates low risk for the $50.92B company. The 1-year high was reported on Dec, 10 by Barchart.com. If the $107.51 price target is reached, the company will be worth $4.07 billion more. The stock increased 1.73% or $1.69 during the last trading session, reaching $99.55. About 2.36M shares traded or 24.02% up from the average. Phillips 66 (NYSE:PSX) has risen 0.77% since December 10, 2016 and is uptrending. It has underperformed by 15.93% the S&P500.

Phillips 66 operates as an energy manufacturing and logistics company. The company has market cap of $50.92 billion. It operates through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 25.11 P/E ratio. The Midstream segment gathers, processes, transports, and markets natural gas; transports, stores, fractionates, and markets natural gas liquids in the United States; and stores, refrigerates, and exports liquefied petroleum gas (LPG) primarily to Asia and Europe.

Investors sentiment increased to 0.85 in Q2 2017. Its up 0.03, from 0.82 in 2017Q1. It improved, as 50 investors sold Phillips 66 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. Markston Limited Liability has 0.72% invested in Phillips 66 (NYSE:PSX) for 89,373 shares. 1St Glob Advsr Inc holds 0.24% of its portfolio in Phillips 66 (NYSE:PSX) for 25,206 shares. Great West Life Assurance Co Can invested 0.12% in Phillips 66 (NYSE:PSX). Gemmer Asset Management Limited Liability Co owns 1,169 shares or 0.04% of their US portfolio. Laurel Grove Cap Lc stated it has 1.46% of its portfolio in Phillips 66 (NYSE:PSX). 16,409 were accumulated by Allstate. Hl Financial Services Limited Liability Co owns 20,678 shares. Wfg Advsrs Lp reported 1,781 shares stake. Dorsey & Whitney Limited Liability Corp reported 6,564 shares. Centurylink Inv accumulated 22,890 shares. Ubs Asset Management Americas invested in 0% or 1.54 million shares. Bb&T Secs Ltd reported 0.2% in Phillips 66 (NYSE:PSX). Ray Gerald L & Associates has invested 0.04% in Phillips 66 (NYSE:PSX). New York State Common Retirement Fund reported 1.08M shares or 0.12% of all its holdings. Cetera Advisor Limited Liability Co has 17,845 shares.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on February, 2. They expect $1.27 earnings per share, up 693.75% or $1.11 from last year’s $0.16 per share. PSX’s profit will be $649.62 million for 19.60 P/E if the $1.27 EPS becomes a reality. After $1.66 actual earnings per share reported by Phillips 66 for the previous quarter, Wall Street now forecasts -23.49% negative EPS growth.

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 -10.04% below currents $99.55 stock price. Phillips 66 had 57 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Phillips 66 (NYSE:PSX) has “Neutral” rating given on Friday, September 30 by Goldman Sachs. The stock of Phillips 66 (NYSE:PSX) earned “Underperform” rating by Jefferies on Monday, October 16. Cowen & Co maintained the stock with “Buy” rating in Tuesday, August 8 report. The firm has “Hold” rating given on Monday, September 4 by Jefferies. The firm has “Buy” rating given on Wednesday, August 2 by Piper Jaffray. Goldman Sachs downgraded Phillips 66 (NYSE:PSX) rating on Monday, November 23. Goldman Sachs has “Sell” rating and $85 target. The firm has “Hold” rating given on Thursday, September 14 by RBC Capital Markets. As per Friday, July 7, the company rating was maintained by Cowen & Co. The rating was maintained by JP Morgan on Monday, October 30 with “Neutral”. The firm has “Hold” rating given on Thursday, July 6 by RBC Capital Markets.

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