Center Coast Capital Advisors LP Stake in Phillips 66 Partners LP (PSXP) Has Decreased by $31.33 Million; Independence Trust Co Lifted Its Holding in Microsoft (MSFT) by $351,288 as Stock Rose

November 15, 2017 - By Linda Rogers

Center Coast Capital Advisors Lp decreased its stake in Phillips 66 Partners Lp (PSXP) by 32.17% based on its latest 2017Q2 regulatory filing with the SEC. Center Coast Capital Advisors Lp sold 639,309 shares as the company’s stock declined 5.80% while stock markets rallied. The hedge fund held 1.35 million shares of the natural gas distribution company at the end of 2017Q2, valued at $66.61M, down from 1.99 million at the end of the previous reported quarter. Center Coast Capital Advisors Lp who had been investing in Phillips 66 Partners Lp for a number of months, seems to be less bullish one the $5.20B market cap company. The stock declined 0.75% or $0.35 reaching $46.17 per share. About 35,787 shares traded. Phillips 66 Partners LP (NYSE:PSXP) has declined 0.26% since November 15, 2016 and is downtrending. It has underperformed by 16.96% the S&P500.

Independence Trust Co increased its stake in Microsoft Corp (MSFT) by 15.89% based on its latest 2017Q2 regulatory filing with the SEC. Independence Trust Co bought 5,166 shares as the company’s stock rose 4.75% with the market. The institutional investor held 37,674 shares of the prepackaged software company at the end of 2017Q2, valued at $2.60M, up from 32,508 at the end of the previous reported quarter. Independence Trust Co who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $642.28B market cap company. The stock declined 0.45% or $0.38 reaching $83.25 on the news. About 3.82M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since November 15, 2016 and is uptrending. It has outperformed by 17.82% the S&P500.

Analysts await Phillips 66 Partners LP (NYSE:PSXP) to report earnings on February, 2. They expect $0.89 earnings per share, up 36.92% or $0.24 from last year’s $0.65 per share. PSXP’s profit will be $100.24M for 12.97 P/E if the $0.89 EPS becomes a reality. After $0.51 actual earnings per share reported by Phillips 66 Partners LP for the previous quarter, Wall Street now forecasts 74.51% EPS growth.

Among 15 analysts covering Phillips 66 Partners (NYSE:PSXP), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Phillips 66 Partners had 40 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan with “Overweight” on Tuesday, March 15. The stock of Phillips 66 Partners LP (NYSE:PSXP) has “Buy” rating given on Wednesday, October 18 by Citigroup. RBC Capital Markets maintained it with “Buy” rating and $6300 target in Sunday, July 23 report. Goldman Sachs upgraded it to “Hold” rating and $59.0 target in Tuesday, October 17 report. The firm has “Buy” rating given on Sunday, October 29 by Mizuho. On Monday, October 16 the stock rating was maintained by Jefferies with “Hold”. The stock of Phillips 66 Partners LP (NYSE:PSXP) has “Sell” rating given on Thursday, December 15 by Goldman Sachs. RBC Capital Markets maintained the shares of PSXP in report on Sunday, October 1 with “Buy” rating. As per Monday, October 30, the company rating was maintained by Barclays Capital. Mizuho initiated Phillips 66 Partners LP (NYSE:PSXP) rating on Friday, September 30. Mizuho has “Buy” rating and $55 target.

Investors sentiment decreased to 1 in Q2 2017. Its down 0.51, from 1.51 in 2017Q1. It turned negative, as 12 investors sold PSXP shares while 43 reduced holdings. 13 funds opened positions while 42 raised stakes. 42.11 million shares or 3.45% more from 40.71 million shares in 2017Q1 were reported. Tortoise Advisors Ltd Liability Com reported 8.03M shares. Wells Fargo & Mn owns 0% invested in Phillips 66 Partners LP (NYSE:PSXP) for 264,021 shares. Highstreet Asset Mngmt owns 152 shares or 0% of their US portfolio. Ameriprise Financial has 6,132 shares for 0% of their portfolio. Pennsylvania-based Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has invested 0.34% in Phillips 66 Partners LP (NYSE:PSXP). Moreover, Walnut Private Equity Prtn Limited Liability Corp has 0.03% invested in Phillips 66 Partners LP (NYSE:PSXP). Bb&T Corp owns 10,000 shares. Williams Jones Associates Limited Liability owns 45,432 shares for 0.06% of their portfolio. Moreover, Sei Invs has 0.01% invested in Phillips 66 Partners LP (NYSE:PSXP) for 41,752 shares. 373 are held by Fifth Third Bank. 2.32M are owned by Kayne Anderson Cap Advisors L P. Gru One Trading Lp has invested 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Texas Yale Capital Corporation holds 0.25% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP) for 57,931 shares. Conning has 0.08% invested in Phillips 66 Partners LP (NYSE:PSXP). Goodwin Daniel L reported 10,000 shares stake.

Center Coast Capital Advisors Lp, which manages about $3.24 billion and $3.93 billion US Long portfolio, upped its stake in Targa Resources Corp (NYSE:TRGP) by 1.25 million shares to 5.51 million shares, valued at $248.98 million in 2017Q2, according to the filing. It also increased its holding in Enable Midstream Partners Lp (NYSE:ENBL) by 57,336 shares in the quarter, for a total of 1.92M shares, and has risen its stake in Martin Midstream Partners Lp (NASDAQ:MMLP).

More news for Phillips 66 Partners LP (NYSE:PSXP) were recently published by: Seekingalpha.com, which released: “Phillips 66 Partners (PSXP) Q3 2017 Results – Earnings Call Transcript” on October 27, 2017. Nasdaq.com‘s article titled: “Phillips 66 Partners Stock Getting Very Oversold” and published on November 14, 2017 is yet another important article.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Investorplace.com which released: “Why Microsoft Corporation Stock Is a Head-Turner That Deserves Your Attention” on November 15, 2017, also Seekingalpha.com with their article: “Microsoft: Still Not Overvalued At This Price” published on November 01, 2017, Seekingalpha.com published: “2 Important Signals From Microsoft’s Earnings” on October 30, 2017. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Seekingalpha.com and their article: “Microsoft Delivers An Outstanding Quarter” published on November 07, 2017 as well as Seekingalpha.com‘s news article titled: “Why Microsoft Will Keep Making New Highs” with publication date: November 14, 2017.

Independence Trust Co, which manages about $84.17M US Long portfolio, decreased its stake in Spdr S&P Midcap 400 Etf Tr (MDY) by 1,000 shares to 5,050 shares, valued at $1.60 million in 2017Q2, according to the filing.

Among 35 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 4 Hold. Therefore 83% are positive. Microsoft Corporation had 133 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Buy” on Friday, October 27. Canaccord Genuity maintained Microsoft Corporation (NASDAQ:MSFT) rating on Wednesday, September 13. Canaccord Genuity has “Hold” rating and $76.0 target. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Piper Jaffray on Monday, October 2. UBS maintained it with “Buy” rating and $60.0 target in Monday, November 23 report. The company was maintained on Friday, July 21 by Piper Jaffray. Wunderlich maintained it with “Hold” rating and $55 target in Friday, January 29 report. The rating was upgraded by Vetr on Wednesday, September 2 to “Strong-Buy”. KeyBanc Capital Markets maintained Microsoft Corporation (NASDAQ:MSFT) on Sunday, July 16 with “Buy” rating. The rating was maintained by Oppenheimer on Tuesday, October 31 with “Outperform”. As per Wednesday, July 20, the company rating was maintained by Wunderlich.

Since May 16, 2017, it had 0 buys, and 2 insider sales for $2.14 million activity. 26,165 shares were sold by COURTOIS JEAN PHILIPPE, worth $1.81 million on Thursday, May 25.

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