Adell Harriman & Carpenter Trimmed Phillips 66 (PSX) Position as Market Valuation Rose; As Seaboard (SEB) Shares Declined, Knightsbridge Asset Management Boosted by $1.89 Million Its Stake

June 24, 2018 - By Maria Brooks

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Knightsbridge Asset Management Llc increased its stake in Seaboard Corp (SEB) by 19.83% based on its latest 2018Q1 regulatory filing with the SEC. Knightsbridge Asset Management Llc bought 443 shares as the company’s stock declined 2.53% with the market. The institutional investor held 2,677 shares of the investment bankers and brokers and service company at the end of 2018Q1, valued at $11.42M, up from 2,234 at the end of the previous reported quarter. Knightsbridge Asset Management Llc who had been investing in Seaboard Corp for a number of months, seems to be bullish on the $4.74B market cap company. The stock increased 3.05% or $120.01 during the last trading session, reaching $4050.01. About 1,310 shares traded or 245.65% up from the average. Seaboard Corporation (NYSEMKT:SEB) has risen 2.53% since June 24, 2017 and is uptrending. It has underperformed by 10.04% the S&P500. Some Historical SEB News: 02/05/2018 – Seaboard Corp 1Q EPS $26.75; 23/03/2018 – Seaboard Foods Names President And CEO; 02/05/2018 – SEABOARD 1Q EPS $26.75; 02/04/2018 – Seaboard Closes Below 200-Day Moving Average: Technicals; 23/03/2018 – SEABOARD FOODS DARWIN SAND AS CEO; 02/05/2018 – Seaboard Corporation Report Of Earnings And Dividend Declaration; 23/03/2018 – Seaboard Corp: Steven J. Bresky Is CEO of Seaboard Corp; 21/03/2018 – Fourth Nor’easter in a month strikes the Eastern Seaboard; 06/03/2018 – Seaboard Corp: Terry J. Holton, Pres of Pork Division, Seaboard Foods LLC, Intends to Retire in 2018; 06/03/2018 Retirement Of Seaboard Foods’ President

Adell Harriman & Carpenter Inc decreased its stake in Phillips 66 (PSX) by 1.21% based on its latest 2018Q1 regulatory filing with the SEC. Adell Harriman & Carpenter Inc sold 252 shares as the company’s stock rose 24.95% while stock markets declined. The institutional investor held 20,514 shares of the integrated oil company at the end of 2018Q1, valued at $1.97B, down from 20,766 at the end of the previous reported quarter. Adell Harriman & Carpenter Inc who had been investing in Phillips 66 for a number of months, seems to be less bullish one the $52.18B market cap company. The stock increased 0.51% or $0.57 during the last trading session, reaching $112.02. About 3.05 million shares traded or 21.70% up from the average. Phillips 66 (NYSE:PSX) has risen 49.32% since June 24, 2017 and is uptrending. It has outperformed by 36.75% the S&P500. Some Historical PSX News: 09/05/2018 – Phillips 66 Raises Dividend to 80c; 10/05/2018 – Phillips 66: William R. Loomis Jr. Retires From Board; 16/04/2018 – PHILLIPS 66 JV BORGER TEXAS REFINERY RESTARTING GASOLINE UNITS; 03/04/2018 – PHILLIPS 66 ALLIANCE REFINERY COMPLETES HYDROTREATER RESTART; 02/04/2018 – PHILLIPS 66 ALLIANCE LOUISIANA REFINERY RESTARTS HYDROTREATER; 08/03/2018 – PHILLIPS 66 JV BORGER TEXAS REFINERY SHUTS GASOLINE UNIT AS PLANTWIDE OVERHAUL CONTINUES; 27/04/2018 – Phillips 66 1Q Operating Cash Flow $488 Million; 09/05/2018 – Phillips 66 Announces Increase In Quarterly Dividend; 09/05/2018 – PHILLIPS 66 BOOSTS QTRLY DIV 80C/SHR FROM 70C, EST, 79C; 27/04/2018 – Phillips 66 1Q Net Profit Down 2.1% as Refining Income Declines

Analysts await Phillips 66 (NYSE:PSX) to report earnings on August, 7. They expect $2.17 EPS, up 99.08% or $1.08 from last year’s $1.09 per share. PSX’s profit will be $1.01B for 12.91 P/E if the $2.17 EPS becomes a reality. After $1.04 actual EPS reported by Phillips 66 for the previous quarter, Wall Street now forecasts 108.65% EPS growth.

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.10, from 1.01 in 2017Q4. It dived, as 55 investors sold PSX shares while 389 reduced holdings. 97 funds opened positions while 308 raised stakes. 314.13 million shares or 10.62% less from 351.44 million shares in 2017Q4 were reported. Pinebridge Investments Limited Partnership holds 0% or 680 shares. Marietta Inv Prtn Ltd Liability Company invested in 2,457 shares or 0.07% of the stock. Fisher Asset Mngmt Limited holds 0% or 4,168 shares. Koch Indus, a Kansas-based fund reported 3,891 shares. Kistler, Alabama-based fund reported 523 shares. Univest Of Pennsylvania holds 4,116 shares. Brown Brothers Harriman & Co holds 6,702 shares. Bkd Wealth Advsrs Llc holds 0.06% or 5,426 shares. Frontier Investment Mgmt Com, a Texas-based fund reported 5,789 shares. Putnam Investments has invested 0.01% in Phillips 66 (NYSE:PSX). 1 are held by St Johns Co Ltd Company. Old Mutual Customised Solutions (Proprietary) Ltd owns 31,850 shares. Lsv Asset Mgmt reported 0.06% in Phillips 66 (NYSE:PSX). Hbk Sorce Advisory Lc holds 0.06% or 4,836 shares in its portfolio. Qs Ltd owns 49,443 shares for 0.05% of their portfolio.

Among 20 analysts covering Phillips 66 (NYSE:PSX), 10 have Buy rating, 2 Sell and 8 Hold. Therefore 50% are positive. Phillips 66 had 83 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, June 5 by RBC Capital Markets. Goldman Sachs upgraded the stock to “Buy” rating in Tuesday, October 3 report. Citigroup maintained the shares of PSX in report on Wednesday, January 24 with “Neutral” rating. Credit Suisse maintained Phillips 66 (NYSE:PSX) on Monday, April 30 with “Neutral” rating. Goldman Sachs downgraded it to “Sell” rating and $85 target in Monday, November 23 report. The company was maintained on Monday, April 30 by Barclays Capital. The stock has “Equal-Weight” rating by on Monday, October 10. The stock of Phillips 66 (NYSE:PSX) earned “Neutral” rating by Piper Jaffray on Monday, August 22. The stock has “Neutral” rating by JP Morgan on Monday, June 4. RBC Capital Markets maintained Phillips 66 (NYSE:PSX) rating on Wednesday, October 18. RBC Capital Markets has “Hold” rating and $93.0 target.

Adell Harriman & Carpenter Inc, which manages about $528.39 million and $482.09 billion US Long portfolio, upped its stake in Cisco Systems (NASDAQ:CSCO) by 16,741 shares to 224,581 shares, valued at $9.63B in 2018Q1, according to the filing. It also increased its holding in Marathon Petroleum Corp (NYSE:MPC) by 1,424 shares in the quarter, for a total of 67,025 shares, and has risen its stake in Blackstone Group Lp (NYSE:BX).

More important recent Phillips 66 (NYSE:PSX) news were published by: Bizjournals.com which released: “Study: These Houston companies rank among America’s most valuable brands” on June 21, 2018, also Fool.com published article titled: “The 3 Biggest Challenges Facing Phillips 66 Partners”, Newsok.com published: “Phillips 66 to Announce Second-Quarter Financial Results” on June 21, 2018. More interesting news about Phillips 66 (NYSE:PSX) was released by: Finance.Yahoo.com and their article: “Investors Should Follow Buffett Into Phillips 66 Stock” with publication date: June 16, 2018.

Since May 16, 2018, it had 0 insider buys, and 1 insider sale for $828,000 activity.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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