Rnc Capital Management Has Lifted Its Phillips 66 (PSX) Stake by $335,926; As Nike Class B (NKE) Share Price Rose, Holder Park National Has Trimmed by $7.22 Million Its Position

April 20, 2018 - By Adrian Erickson

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Rnc Capital Management Llc increased its stake in Phillips 66 (PSX) by 0.91% based on its latest 2017Q4 regulatory filing with the SEC. Rnc Capital Management Llc bought 3,326 shares as the company’s stock declined 5.13% with the market. The institutional investor held 368,056 shares of the integrated oil company at the end of 2017Q4, valued at $37.23M, up from 364,730 at the end of the previous reported quarter. Rnc Capital Management Llc who had been investing in Phillips 66 for a number of months, seems to be bullish on the $51.65 billion market cap company. The stock increased 0.10% or $0.11 during the last trading session, reaching $110.75. About 661,868 shares traded. Phillips 66 (NYSE:PSX) has risen 23.90% since April 20, 2017 and is uptrending. It has outperformed by 12.35% the S&P500.

Park National Corp decreased its stake in Nike Inc Class B (NKE) by 29.03% based on its latest 2017Q4 regulatory filing with the SEC. Park National Corp sold 116,514 shares as the company’s stock rose 4.55% while stock markets declined. The institutional investor held 284,791 shares of the consumer non-durables company at the end of 2017Q4, valued at $17.81 million, down from 401,305 at the end of the previous reported quarter. Park National Corp who had been investing in Nike Inc Class B for a number of months, seems to be less bullish one the $106.12 billion market cap company. The stock increased 0.17% or $0.11 during the last trading session, reaching $65.84. About 3.01 million shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since April 20, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Investors sentiment decreased to 0.74 in Q4 2017. Its down 0.06, from 0.8 in 2017Q3. It is negative, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. Advisor Prtnrs Ltd Liability Corp holds 0.3% or 24,592 shares in its portfolio. 40,005 are held by Moors & Cabot. Ally Financial invested 0.18% of its portfolio in NIKE, Inc. (NYSE:NKE). Da Davidson & holds 148,415 shares. Oakbrook Investments Ltd Limited Liability Company has 1.98% invested in NIKE, Inc. (NYSE:NKE). Savant Cap Ltd has invested 0.07% in NIKE, Inc. (NYSE:NKE). Fort Washington Invest Advisors Inc Oh reported 0.02% of its portfolio in NIKE, Inc. (NYSE:NKE). Park Circle accumulated 800 shares or 0.03% of the stock. Private Asset Management stated it has 9,110 shares or 0.09% of all its holdings. Korea has 725,267 shares. Citadel Advsr Limited has 93,396 shares for 0% of their portfolio. Two Sigma Secs Ltd Liability Corp holds 12,023 shares. Koch Inc reported 4,578 shares. South State accumulated 54,223 shares. Roundview Cap Ltd invested in 44,942 shares.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on July, 5. They expect $0.64 earnings per share, up 6.67% or $0.04 from last year’s $0.6 per share. NKE’s profit will be $1.03 billion for 25.72 P/E if the $0.64 EPS becomes a reality. After $0.68 actual earnings per share reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Park National Corp, which manages about $1.79 billion US Long portfolio, upped its stake in Fortive Corporation by 36,016 shares to 82,325 shares, valued at $5.96M in 2017Q4, according to the filing. It also increased its holding in Adient Plc by 21,546 shares in the quarter, for a total of 134,139 shares, and has risen its stake in At&T Inc (NYSE:T).

Since December 11, 2017, it had 0 buys, and 8 insider sales for $45.81 million activity. $650,000 worth of NIKE, Inc. (NYSE:NKE) shares were sold by Matheson Monique S.. Another trade for 125,722 shares valued at $7.94M was sold by Slusher John F. EDWARDS TREVOR A sold $6.85M worth of stock. PARKER MARK G sold $9.45M worth of NIKE, Inc. (NYSE:NKE) on Tuesday, February 27.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 232 analyst reports since July 29, 2015 according to SRatingsIntel. Argus Research maintained the shares of NKE in report on Monday, December 28 with “Buy” rating. Susquehanna upgraded NIKE, Inc. (NYSE:NKE) rating on Wednesday, August 26. Susquehanna has “Positive” rating and $122 target. Buckingham Research maintained NIKE, Inc. (NYSE:NKE) on Thursday, February 15 with “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Wednesday, March 23. The rating was maintained by UBS on Wednesday, September 28 with “Buy”. Cowen & Co maintained the shares of NKE in report on Wednesday, January 31 with “Hold” rating. Piper Jaffray maintained it with “Hold” rating and $6400 target in Thursday, March 22 report. The firm has “Neutral” rating given on Thursday, March 23 by Wedbush. Barclays Capital maintained the shares of NKE in report on Monday, June 19 with “Buy” rating. The firm earned “Buy” rating on Friday, September 25 by Stifel Nicolaus.

Investors sentiment increased to 1.01 in Q4 2017. Its up 0.09, from 0.92 in 2017Q3. It improved, as 34 investors sold PSX shares while 372 reduced holdings. 125 funds opened positions while 284 raised stakes. 351.44 million shares or 0.51% less from 353.24 million shares in 2017Q3 were reported. Fca Tx has invested 0.67% in Phillips 66 (NYSE:PSX). Perigon Wealth Ltd Liability Corp accumulated 417 shares or 0.02% of the stock. Cambridge Inv Rech Advisors holds 103,082 shares. Finemark Bancshares Tru accumulated 8,848 shares or 0.06% of the stock. Fil Ltd stated it has 94,966 shares or 0.03% of all its holdings. Baystate Wealth Ltd Liability Corporation reported 481 shares. Synovus reported 7,689 shares. Deroy & Devereaux Private Inv Counsel holds 179,204 shares. Jfs Wealth Advsrs Limited has invested 0% of its portfolio in Phillips 66 (NYSE:PSX). Vanguard Group Inc holds 0.14% or 31.92M shares in its portfolio. Amica Retiree Tru accumulated 0.18% or 2,346 shares. Field Main Bank & Trust has 0.01% invested in Phillips 66 (NYSE:PSX) for 122 shares. Amundi Pioneer Asset Management owns 574,477 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.1% in Phillips 66 (NYSE:PSX). Folger Nolan Fleming Douglas Cap holds 0.07% or 4,626 shares in its portfolio.

Among 19 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 2 Sell and 9 Hold. Therefore 42% are positive. Phillips 66 had 76 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Tuesday, October 17. Cowen & Co initiated Phillips 66 (NYSE:PSX) rating on Monday, March 28. Cowen & Co has “Market Perform” rating and $92 target. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, October 27. As per Tuesday, August 23, the company rating was initiated by Jefferies. Oppenheimer maintained Phillips 66 (NYSE:PSX) on Friday, September 18 with “Outperform” rating. The rating was maintained by Piper Jaffray with “Buy” on Thursday, July 13. The firm has “Overweight” rating given on Thursday, May 25 by PiperJaffray. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, November 2 report. The rating was downgraded by Barclays Capital on Wednesday, July 13 to “Equal-Weight”. On Wednesday, March 7 the stock rating was reinitiated by Credit Suisse with “Neutral”.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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