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Tortoise Capital Advisors Increased Phillips 66 Partners LP (PSXP) Stake; 3 Analysts Bullish InterContinental Hotels Group PLC (IHG)

InterContinental Hotels Group PLC (NYSE:IHG) Logo

Tortoise Capital Advisors Llc increased Phillips 66 Partners Lp (PSXP) stake by 26.83% reported in 2017Q4 SEC filing. Tortoise Capital Advisors Llc acquired 2.15M shares as Phillips 66 Partners Lp (PSXP)’s stock declined 10.51%. The Tortoise Capital Advisors Llc holds 10.16M shares with $532.60M value, up from 8.01M last quarter. Phillips 66 Partners Lp now has $6.17B valuation. The stock decreased 1.21% or $0.62 during the last trading session, reaching $50.73. About 173,264 shares traded. Phillips 66 Partners LP (NYSE:PSXP) has declined 6.62% since April 24, 2017 and is downtrending. It has underperformed by 18.17% the S&P500.

Among 13 analysts covering Intercontinental Hotels Group (NYSE:IHG), 3 have Buy rating, 4 Sell and 6 Hold. Therefore 23% are positive. Intercontinental Hotels Group had 23 analyst reports since August 28, 2015 according to SRatingsIntel. SunTrust maintained the shares of IHG in report on Thursday, August 4 with “Neutral” rating. The firm has “Equal-Weight” rating given on Thursday, March 17 by Morgan Stanley. The firm earned “Buy” rating on Friday, October 20 by Bank of America. The rating was maintained by SunTrust on Tuesday, February 27 with “Hold”. The firm earned “Neutral” rating on Tuesday, January 12 by Citigroup. On Tuesday, January 3 the stock rating was upgraded by Barclays Capital to “Overweight”. JP Morgan downgraded InterContinental Hotels Group PLC (NYSE:IHG) on Thursday, April 14 to “Underweight” rating. The company was downgraded on Monday, December 5 by M Partners. The stock has “Hold” rating by Berenberg on Tuesday, December 8. The firm has “Hold” rating given on Tuesday, October 17 by SunTrust. See InterContinental Hotels Group PLC (NYSE:IHG) latest ratings:

27/02/2018 Broker: SunTrust Rating: Hold New Target: $66.0 Maintain
01/11/2017 Broker: Credit Suisse Old Rating: Neutral New Rating: Outperform Upgrade

Tortoise Capital Advisors Llc decreased Phillips 66 (NYSE:PSX) stake by 5,262 shares to 10,953 valued at $1.11 million in 2017Q4. It also reduced Concho Resources Inc (NYSE:CXO) stake by 5,328 shares and now owns 130,074 shares. Hess Corp (NYSE:HES) was reduced too.

Among 16 analysts covering Phillips 66 Partners (NYSE:PSXP), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Phillips 66 Partners had 53 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was initiated by Stifel Nicolaus with “Buy” on Thursday, August 18. JP Morgan maintained it with “Overweight” rating and $61 target in Tuesday, March 13 report. The company was maintained on Thursday, September 3 by Evercore. Barclays Capital upgraded Phillips 66 Partners LP (NYSE:PSXP) on Tuesday, July 18 to “Buy” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, November 2 report. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, November 5. The firm earned “Overweight” rating on Tuesday, March 15 by JP Morgan. The firm earned “Buy” rating on Sunday, October 1 by RBC Capital Markets. The stock of Phillips 66 Partners LP (NYSE:PSXP) earned “Buy” rating by Stifel Nicolaus on Monday, October 30. As per Sunday, August 27, the company rating was maintained by RBC Capital Markets.

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.22, from 1.19 in 2017Q3. It worsened, as 18 investors sold PSXP shares while 43 reduced holdings. 21 funds opened positions while 38 raised stakes. 45.55 million shares or 5.95% more from 42.99 million shares in 2017Q3 were reported. Cushing Asset Ltd Partnership holds 2.94% or 1.86 million shares. Beach Invest Counsel Inc Pa reported 0.04% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). 524,019 are owned by Duff Phelps Investment Mngmt Communications. Jane Street Limited Liability Co holds 0% or 7,257 shares. Morgan Stanley stated it has 719,164 shares. Cadence Mgmt owns 174,834 shares or 0.58% of their US portfolio. Citigroup invested 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Salient Ltd Liability owns 1.98M shares. Barclays Public Limited Liability reported 0.01% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). California Pub Employees Retirement Sys, California-based fund reported 83,592 shares. 82,753 were reported by Credit Suisse Ag. Raymond James Fin Advsr Inc has invested 0.03% in Phillips 66 Partners LP (NYSE:PSXP). Enterprise holds 836 shares. Benjamin F Edwards And holds 200 shares. Toth Financial Advisory has 0.15% invested in Phillips 66 Partners LP (NYSE:PSXP).

The stock increased 0.08% or $0.05 during the last trading session, reaching $62.03. About 565,137 shares traded or 173.41% up from the average. InterContinental Hotels Group PLC (NYSE:IHG) has risen 26.19% since April 24, 2017 and is uptrending. It has outperformed by 14.64% the S&P500.

Phillips 66 Partners LP (NYSE:PSXP) Institutional Positions Chart

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