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Phillips66 (PSX) Shareholder Fayez Sarofim & Company Has Trimmed Its Stake; Intl Business Machines (IBM) Holding Held by Baker Avenue Asset Management Lp

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Fayez Sarofim & Company decreased its stake in Phillips66 (PSX) by 1.11% based on its latest 2019Q1 regulatory filing with the SEC. Fayez Sarofim & Company sold 8,207 shares as the company’s stock declined 9.18% while stock markets rallied. The institutional investor held 729,183 shares of the integrated oil company at the end of 2019Q1, valued at $69.40M, down from 737,390 at the end of the previous reported quarter. Fayez Sarofim & Company who had been investing in Phillips66 for a number of months, seems to be less bullish one the $42.90 billion market cap company. The stock increased 1.11% or $1.04 during the last trading session, reaching $94.58. About 442,448 shares traded. Phillips 66 (NYSE:PSX) has declined 26.20% since July 1, 2018 and is downtrending. It has underperformed by 30.63% the S&P500.

Baker Avenue Asset Management Lp increased its stake in Intl Business Machines (IBM) by 38.15% based on its latest 2019Q1 regulatory filing with the SEC. Baker Avenue Asset Management Lp bought 20,579 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 74,521 shares of the computer manufacturing company at the end of 2019Q1, valued at $10.52M, up from 53,942 at the end of the previous reported quarter. Baker Avenue Asset Management Lp who had been investing in Intl Business Machines for a number of months, seems to be bullish on the $124.12B market cap company. The stock increased 1.52% or $2.09 during the last trading session, reaching $139.99. About 1.00 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.86% since July 1, 2018 and is downtrending. It has underperformed by 11.29% the S&P500. Some Historical IBM News: 12/03/2018 – IBM CEO 2017 TOTAL COMPENSATION $18.6M VS. $32.7M; 15/05/2018 – BERKSHIRE HATHAWAY DISSOLVES SHARE STAKE IN GRAHAM HOLDINGS CO -SEC FILING; 19/03/2018 – Intersections Inc. Launches AI-Powered Identity Theft Protection with IBM Watson; 26/04/2018 – TSB’S CEO PESTER SAYS l HAVE DRAFTED IN IBM EXPERTS TO HELP FIX ONLINE BANKING PROBLEMS; 17/04/2018 – IBM Ended 1Q With $13.2 Billion of Cash on Hand; 17/04/2018 – IBM Debt Totaled $46.4 Billion at End of 1Q; 12/03/2018 – Buying IBM, Amazon, Selling DowDuPont, AT&T — Barrons.com; 22/03/2018 – Apple, Google, IBM CEOs Head to China With Trade War Brewing; 20/03/2018 – IBM CEO: Companies should self-regulate on privacy; 26/04/2018 – HOST HOTELS & RESORTS INC – ANNOUNCED A DEVELOPMENT AGREEMENT WITH IBM RESEARCH

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Benzinga.com which released: “Bouncing Back To Blockchain ETFs – Benzinga” on June 16, 2019, also Seekingalpha.com with their article: “Buying AbbVie Was A No-Brainer After This Analysis – Seeking Alpha” published on July 01, 2019, Bizjournals.com published: “IBM exec updates investors on Red Hat deal – Triangle Business Journal” on June 05, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM: What Red Hat Brings To The Table – Seeking Alpha” published on June 20, 2019 as well as Finance.Yahoo.com‘s news article titled: “IBM Expands its Quantum Computing Program to Africa with Wits University – Yahoo Finance” with publication date: June 12, 2019.

Investors sentiment increased to 1.03 in 2019 Q1. Its up 0.44, from 0.59 in 2018Q4. It improved, as 67 investors sold IBM shares while 524 reduced holdings. 142 funds opened positions while 468 raised stakes. 473.01 million shares or 9.66% less from 523.62 million shares in 2018Q4 were reported. Jane Street Gp Ltd Liability Company reported 162,108 shares stake. First Western Company, California-based fund reported 1,826 shares. The Massachusetts-based Barry Investment Advsr Limited Liability Com has invested 2.22% in International Business Machines Corporation (NYSE:IBM). Bb&T Securities Lc invested in 0.18% or 135,805 shares. Macnealy Hoover accumulated 10,177 shares. Stadion Money Mngmt Limited Liability holds 0.04% or 7,165 shares. Pennsylvania-based Janney Montgomery Scott Ltd Company has invested 0.34% in International Business Machines Corporation (NYSE:IBM). Mycio Wealth Partners Ltd Liability Corp has invested 0.07% in International Business Machines Corporation (NYSE:IBM). 3,079 are owned by 1832 Asset Mngmt Lp. Leisure Cap stated it has 0.17% in International Business Machines Corporation (NYSE:IBM). Court Place Advisors Limited Liability Corporation invested 0.27% of its portfolio in International Business Machines Corporation (NYSE:IBM). Insight 2811 Incorporated reported 3,100 shares stake. Verity And Verity Limited Liability has invested 2.44% of its portfolio in International Business Machines Corporation (NYSE:IBM). Toth Finance Advisory, Virginia-based fund reported 8,390 shares. 4,383 are held by Redmond Asset Mgmt Ltd Liability Com.

Baker Avenue Asset Management Lp, which manages about $1.13B and $1.21 billion US Long portfolio, decreased its stake in Qualcomm Inc (NASDAQ:QCOM) by 18,235 shares to 120,435 shares, valued at $6.87M in 2019Q1, according to the filing. It also reduced its holding in Ishares Tr Msci Acwiindex Fd (ACWI) by 105,660 shares in the quarter, leaving it with 63,250 shares, and cut its stake in Ishares Trust Russell 3000 Index Fd (IWV).

Investors sentiment increased to 1.21 in Q1 2019. Its up 0.12, from 1.09 in 2018Q4. It improved, as 39 investors sold PSX shares while 350 reduced holdings. 111 funds opened positions while 358 raised stakes. 305.73 million shares or 2.08% less from 312.21 million shares in 2018Q4 were reported. Beacon Fincl holds 0.15% or 9,674 shares. Srb holds 7,504 shares. Covington Capital Mgmt reported 0.04% in Phillips 66 (NYSE:PSX). Town & Country Savings Bank Co Dba First Bankers Trust Co invested in 0.81% or 17,880 shares. Advsr Ok invested in 0.1% or 9,598 shares. Synovus Fincl has 10,498 shares. World Asset Management Incorporated holds 37,425 shares or 0.18% of its portfolio. Kempen Capital Mngmt Nv invested in 0.09% or 10,313 shares. Moreover, Marco Investment has 0.56% invested in Phillips 66 (NYSE:PSX) for 31,509 shares. Mackenzie Corp owns 123,574 shares or 0.03% of their US portfolio. Bridgewater LP owns 239,410 shares for 0.14% of their portfolio. Moreover, Patten Grp Inc Inc has 0.15% invested in Phillips 66 (NYSE:PSX) for 3,675 shares. 62,990 are held by Bridgecreek Investment Ltd Liability Corp. Everence Capital Mgmt has 18,909 shares. Exane Derivatives, a France-based fund reported 38,244 shares.

Fayez Sarofim & Company, which manages about $31.66B and $18.95B US Long portfolio, upped its stake in Nikeincclassb (NYSE:NKE) by 46,286 shares to 1.15 million shares, valued at $96.68M in 2019Q1, according to the filing. It also increased its holding in Airproducts&Chemicals (NYSE:APD) by 37,262 shares in the quarter, for a total of 643,159 shares, and has risen its stake in Elililly&Co (NYSE:LLY).

Analysts await Phillips 66 (NYSE:PSX) to report earnings on July, 26. They expect $2.32 earnings per share, down 17.14% or $0.48 from last year’s $2.8 per share. PSX’s profit will be $1.05 billion for 10.19 P/E if the $2.32 EPS becomes a reality. After $0.40 actual earnings per share reported by Phillips 66 for the previous quarter, Wall Street now forecasts 480.00% EPS growth.

More notable recent Phillips 66 (NYSE:PSX) news were published by: Bizjournals.com which released: “Chevron Phillips Chemical reportedly makes $15B acquisition bid – Houston Business Journal” on June 21, 2019, also Bizjournals.com with their article: “Phillips 66 forms JVs to build 2 billion-dollar pipelines – Houston Business Journal” published on June 11, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About Phillips 66 (PSX) – Yahoo Finance” on June 11, 2019. More interesting news about Phillips 66 (NYSE:PSX) were released by: Fool.com and their article: “This Refining Giant Joins a Race to Solve America’s $100 Million a Day Oil Problem – The Motley Fool” published on June 22, 2019 as well as Nasdaq.com‘s news article titled: “Why Refining Stocks Got Pummeled in May – Nasdaq” with publication date: June 06, 2019.

Since May 28, 2019, it had 1 buy, and 0 sales for $165,816 activity.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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Source: on 2019-07-01 11:05:35

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