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Willingdon Wealth Management Has Boosted Its Verizon Communications I (VZ) Stake; Phillips 66 Has 1.01 Sentiment

Phillips 66 (NYSE:PSX) Logo

Phillips 66 (PSX) investors sentiment increased to 1.01 in Q4 2017. It’s up 0.09, from 0.92 in 2017Q3. The ratio improved, as 409 investment managers increased or started new positions, while 406 reduced and sold their holdings in Phillips 66. The investment managers in our database now have: 351.44 million shares, down from 353.24 million shares in 2017Q3. Also, the number of investment managers holding Phillips 66 in top ten positions was flat from 12 to 12 for the same number . Sold All: 34 Reduced: 372 Increased: 284 New Position: 125.

Willingdon Wealth Management increased Verizon Communications I (VZ) stake by 546.02% reported in 2017Q4 SEC filing. Willingdon Wealth Management acquired 58,168 shares as Verizon Communications I (VZ)’s stock declined 11.05%. The Willingdon Wealth Management holds 68,821 shares with $3.64M value, up from 10,653 last quarter. Verizon Communications I now has $199.98 billion valuation. The stock decreased 0.84% or $0.41 during the last trading session, reaching $48.4. About 6.19M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since May 23, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Rr Partners Lp holds 10.07% of its portfolio in Phillips 66 for 1.50 million shares. Norman Fields Gottscho Capital Management Llc owns 95,753 shares or 5.32% of their US portfolio. Moreover, Lincoln Capital Llc has 4.62% invested in the company for 81,812 shares. The Nebraska-based Berkshire Hathaway Inc has invested 4.27% in the stock. Foundation Resource Management Inc, a Arkansas-based fund reported 204,349 shares.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on August, 7. They expect $2.15 earnings per share, up 97.25% or $1.06 from last year’s $1.09 per share. PSX’s profit will be $1.00 billion for 13.77 P/E if the $2.15 EPS becomes a reality. After $1.04 actual earnings per share reported by Phillips 66 for the previous quarter, Wall Street now forecasts 106.73% EPS growth.

The stock decreased 0.27% or $0.32 during the last trading session, reaching $118.43. About 1.34 million shares traded. Phillips 66 (PSX) has risen 23.90% since May 23, 2017 and is uptrending. It has outperformed by 12.35% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 2 insider sales for $1.10 million activity.

Phillips 66 operates as an energy manufacturing and logistics company. The company has market cap of $55.17 billion. It operates through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 12.03 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.

More notable recent Phillips 66 (NYSE:PSX) news were published by: Seekingalpha.com which released: “Phillips 66 Is Cashing In On The Oil Spread” on May 21, 2018, also Seekingalpha.com with their article: “Chasing The Elephant: Episode 8 Option Ideas” published on May 16, 2018, Fool.com published: “Stocks Warren Buffett Is Selling” on May 23, 2018. More interesting news about Phillips 66 (NYSE:PSX) were released by: Seekingalpha.com and their article: “Will Phillips 66 Roll-Up Its MLP?” published on May 20, 2018 as well as Seekingalpha.com‘s news article titled: “Reuters: Valero hiked imports of Venezuelan oil while falling at refining peers” with publication date: May 22, 2018.

Ratings analysis reveals 33% of Phillips 66’s analysts are positive. Out of 3 Wall Street analysts rating Phillips 66, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. PSX was included in 3 notes of analysts from August 23, 2016. The rating was initiated by Jefferies with “Hold” on Tuesday, August 23. The stock has “Neutral” rating by Goldman Sachs on Friday, September 30. The rating was maintained by Mizuho with “Buy” on Monday, February 6.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Globenewswire.com which released: “Verizon holds sellside analyst meeting” on May 21, 2018, also Finance.Yahoo.com with their article: “3 Warren Buffett Stocks With Dividend Yields Over 4%” published on May 23, 2018, Globenewswire.com published: “Verizon to speak at JP Morgan conference May 16” on May 15, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Globenewswire.com and their article: “Verizon collapses key network elements, improving efficiency and customer functionality” published on April 30, 2018 as well as 247Wallst.com‘s news article titled: “Is Verizon Back on Track?” with publication date: April 24, 2018.

Among 31 analysts covering Verizon Communications Inc. (NYSE:VZ), 15 have Buy rating, 0 Sell and 16 Hold. Therefore 48% are positive. Verizon Communications Inc. had 84 analyst reports since July 22, 2015 according to SRatingsIntel. On Wednesday, January 25 the stock rating was downgraded by Raymond James to “Mkt Perform”. Argus Research maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, October 21 with “Buy” rating. The firm has “Hold” rating by Argus Research given on Friday, April 21. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by Robert W. Baird on Wednesday, October 4. The rating was maintained by JP Morgan on Wednesday, January 24 with “Neutral”. The stock has “Hold” rating by Oppenheimer on Thursday, July 27. The rating was upgraded by Citigroup to “Buy” on Tuesday, January 3. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by Oppenheimer on Thursday, August 10. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Friday, July 7 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Monday, April 24.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart

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