Phillips 66 (PSX) Market Valuation Declined While Weaver C Barksdale & Associates Upped Its Stake; As Alibaba Group Hldg LTD (BABA) Stock Value Rose, Jericho Capital Asset Management LP Has Lifted Holding by $62.37 Million

May 20, 2018 - By Hazel Jackson

Phillips 66 (NYSE:PSX) Logo

Weaver C Barksdale & Associates Inc increased its stake in Phillips 66 (PSX) by 17029.79% based on its latest 2017Q4 regulatory filing with the SEC. Weaver C Barksdale & Associates Inc bought 16,008 shares as the company’s stock declined 5.13% with the market. The institutional investor held 16,102 shares of the integrated oil company at the end of 2017Q4, valued at $1.63 million, up from 94 at the end of the previous reported quarter. Weaver C Barksdale & Associates Inc who had been investing in Phillips 66 for a number of months, seems to be bullish on the $56.05 billion market cap company. The stock decreased 0.61% or $0.74 during the last trading session, reaching $120.33. About 3.43 million shares traded or 45.87% up from the average. Phillips 66 (NYSE:PSX) has risen 23.90% since May 20, 2017 and is uptrending. It has outperformed by 12.35% the S&P500.

Josh Resnick increased its stake in Alibaba Group Hldg Ltd (BABA) by 81.57% based on its latest 2017Q4 regulatory filing with the SEC. Jericho Capital Asset Management Lp bought 362,597 shares as the company’s stock rose 3.18% while stock markets declined. The hedge fund run by Josh Resnick held 807,110 shares of the business services company at the end of 2017Q4, valued at $139.17M, up from 444,513 at the end of the previous reported quarter. Jericho Capital Asset Management Lp who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $501.05B market cap company. The stock decreased 0.52% or $1.02 during the last trading session, reaching $195. About 14.24 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since May 20, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Among 39 analysts covering Alibaba (NYSE:BABA), 37 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 178 analyst reports since August 12, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $88 target in Thursday, September 10 report. Macquarie Research maintained Alibaba Group Holding Limited (NYSE:BABA) on Friday, August 18 with “Outperform” rating. Barclays Capital initiated the stock with “Overweight” rating in Wednesday, March 29 report. The rating was maintained by Deutsche Bank on Monday, June 12 with “Buy”. The firm has “Buy” rating by Bank of America given on Monday, May 7. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, August 18. Robert W. Baird maintained the shares of BABA in report on Thursday, November 2 with “Buy” rating. Oppenheimer maintained the shares of BABA in report on Monday, November 6 with “Outperform” rating. Needham maintained the shares of BABA in report on Tuesday, May 9 with “Buy” rating. Barclays Capital maintained the shares of BABA in report on Tuesday, October 31 with “Overweight” rating.

Jericho Capital Asset Management Lp, which manages about $3.07 billion and $1.92 billion US Long portfolio, decreased its stake in Yandex N V (NASDAQ:YNDX) by 1.18M shares to 1.72 million shares, valued at $56.28M in 2017Q4, according to the filing. It also reduced its holding in Universal Display Corp (NASDAQ:OLED) by 289,000 shares in the quarter, leaving it with 316,007 shares, and cut its stake in Asml Holding N V (NASDAQ:ASML).

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Finance.Yahoo.com which released: “Alibaba Group Holding Ltd Is Itching for a Breakout” on May 17, 2018, also Seekingalpha.com with their article: “CNBC: Ant Financial nearing $10B equity raise; BABA +1.3%” published on May 10, 2018, Investorplace.com published: “Thursday’s Vital Data: Facebook, Inc. (FB), Apple Inc. (AAPL) and Alibaba Group Holding Ltd (BABA)” on May 17, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Benzinga.com and their article: “What Is Intermarket Analysis?” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “Alibaba: Cloud Computing For China” with publication date: May 10, 2018.

Since December 15, 2017, it had 0 insider buys, and 1 insider sale for $270,675 activity.

Among 20 analysts covering Phillips 66 (NYSE:PSX), 9 have Buy rating, 2 Sell and 9 Hold. Therefore 45% are positive. Phillips 66 had 81 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained Phillips 66 (NYSE:PSX) on Thursday, June 1 with “Hold” rating. The stock has “Underweight” rating by Barclays Capital on Monday, April 30. RBC Capital Markets maintained the stock with “Hold” rating in Friday, April 13 report. Credit Suisse downgraded Phillips 66 (NYSE:PSX) on Monday, November 2 to “Neutral” rating. As per Friday, September 18, the company rating was maintained by Oppenheimer. The rating was maintained by Piper Jaffray with “Buy” on Sunday, January 21. The stock of Phillips 66 (NYSE:PSX) has “Buy” rating given on Monday, December 18 by Goldman Sachs. The firm earned “Neutral” rating on Wednesday, January 24 by Citigroup. As per Monday, February 6, the company rating was maintained by Mizuho. The rating was maintained by Citigroup with “Neutral” on Tuesday, March 13.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


>