Quaker Capital Investments Lowered Its Holding in Verizon Communications (VZ) by $1.01 Million as Shares Declined; Phillips 66 (PSX) Holder Secor Capital Advisors LP Lowered Position as Stock Value Rose

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Secor Capital Advisors Lp decreased its stake in Phillips 66 (PSX) by 93.24% based on its latest 2018Q4 regulatory filing with the SEC. Secor Capital Advisors Lp sold 59,818 shares as the company’s stock rose 5.02% with the market. The hedge fund held 4,336 shares of the integrated oil company at the end of 2018Q4, valued at $374,000, down from 64,154 at the end of the previous reported quarter. Secor Capital Advisors Lp who had been investing in Phillips 66 for a number of months, seems to be less bullish one the $44.15B market cap company. The stock decreased 1.36% or $1.34 during the last trading session, reaching $97.17. About 2.22 million shares traded. Phillips 66 (NYSE:PSX) has risen 7.05% since April 15, 2018 and is uptrending. It has outperformed by 2.68% the S&P500. Some Historical PSX News: 16/04/2018 – Phillips 66 restarting JV Borger refinery gasoline units; 11/04/2018 – PHILLIPS 66 BORGER REFINERY MAY RESTART GASOLINE UNITS, HYDROTREATER EARLY NEXT WEEK; 27/04/2018 – Phillips 66 1Q EPS $1.07; 16/04/2018 – Phillips 66 restarting JV Borger, Texas refinery gasoline units; 04/04/2018 – China importers hope to sell U.S. cargoes to north Asia after tariff move; 06/04/2018 – PHILLIPS 66 JV BORGER TEXAS REFINERY RETURNING ALL UNITS TO PRODUCTION; 06/04/2018 – PHILLIPS 66 JV BORGER TEXAS REFINERY TO COMPLETE UNIT RESTARTS NEXT WEEK; 17/04/2018 – PHILLIPS 66 JV BORGER TEXAS REFINERY GASOLINE UNITS EXPECTED BACK IN PRODUCTION EARLY NEXT WEEK; 17/04/2018 – Phillips 66 Presenting at Conference May 17; 23/04/2018 – Phillips 66 Reports Emissions at Borger, Texas, Refinery

Quaker Capital Investments Llc decreased its stake in Verizon Communications Inc (VZ) by 76.77% based on its latest 2018Q4 regulatory filing with the SEC. Quaker Capital Investments Llc sold 18,000 shares as the company’s stock declined 6.36% while stock markets rallied. The institutional investor held 5,446 shares of the telecommunications equipment company at the end of 2018Q4, valued at $306,000, down from 23,446 at the end of the previous reported quarter. Quaker Capital Investments Llc who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $242.60B market cap company. The stock increased 0.31% or $0.18 during the last trading session, reaching $58.74. About 10.85M shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 17.26% since April 15, 2018 and is uptrending. It has outperformed by 12.89% the S&P500. Some Historical VZ News: 12/03/2018 – Data breach victims can sue Yahoo in the United States -judge; 11/05/2018 – SlashGear: Verizon’s Visible is an unexpectedly-exclusive prepaid carrier; 20/04/2018 – US said to investigate AT&T and Verizon over wireless collusion claim, The New York Times reports; 14/05/2018 – VERIZON CTO HANS VESTBERG CONCLUDES TALK AT INVESTOR CONFERENCE; 24/04/2018 – Verizon 1Q Total Fios Rev Growth 1.9%; 16/05/2018 – VOIP-PAL.COM INC – CO CONTINUES TO AWAIT PTAB’S DECISION REGARDING APPLE’S POST-JUDGMENT CHALLENGE TO VOIP-PAL’S VICTORY IN IPR’S FILED BY APPLE; 06/03/2018 – Verizon to speak at Deutsche Bank conference March 7; 30/04/2018 – The insane bidding emphasized that Sprint and T-Mobile would have a difficult time competing with AT&T and Verizon on future spectrum auctions; 24/04/2018 – Verizon Closes Above 200-Day Moving Average: Technicals; 16/05/2018 – U.S. SENATE HAS VOTES TO RETAIN 2015 OBAMA ERA NET NEUTRALITY RULES

Analysts await Phillips 66 (NYSE:PSX) to report earnings on April, 26. They expect $1.02 EPS, down 1.92% or $0.02 from last year’s $1.04 per share. PSX’s profit will be $463.44M for 23.82 P/E if the $1.02 EPS becomes a reality. After $4.87 actual EPS reported by Phillips 66 for the previous quarter, Wall Street now forecasts -79.06% negative EPS growth.

More recent Phillips 66 (NYSE:PSX) news were published by: Benzinga.com which released: “ALPS Alerian MLP ETF (ETF:AMLP), Plains All American Pipeline, L.P. (NYSE:PAA) – Port Report: Trump Signs Executive Order Seeking To Boost U.S. Energy Development – Benzinga” on April 11, 2019. Also Seekingalpha.com published the news titled: “Midland crude trades near weakest in four months – Reuters – Seeking Alpha” on April 11, 2019. 247Wallst.com‘s news article titled: “Why Exxon’s Dimmed Outlook Isn’t Hurting Refiners’ Stocks – 24/7 Wall St.” with publication date: April 10, 2019 was also an interesting one.

Investors sentiment decreased to 1.09 in 2018 Q4. Its down 0.10, from 1.19 in 2018Q3. It worsened, as 102 investors sold PSX shares while 329 reduced holdings. 104 funds opened positions while 364 raised stakes. 312.21 million shares or 2.23% more from 305.42 million shares in 2018Q3 were reported. Massachusetts-based Arrowstreet LP has invested 0.03% in Phillips 66 (NYSE:PSX). First Fincl In has 580 shares for 0.04% of their portfolio. State Of New Jersey Common Pension Fund D accumulated 190,000 shares. The United Kingdom-based Gsa Capital Prns Llp has invested 0.07% in Phillips 66 (NYSE:PSX). Veritable Limited Partnership invested in 61,751 shares. 3,013 are owned by Capwealth Limited Com. Mariner Lc holds 31,200 shares. Pathstone Family Office Ltd Company holds 0.01% or 315 shares. Chem Bancorporation owns 0.25% invested in Phillips 66 (NYSE:PSX) for 23,649 shares. Natixis Advisors Limited Partnership holds 0.11% in Phillips 66 (NYSE:PSX) or 125,619 shares. Oregon Pub Employees Retirement Fund stated it has 0.04% of its portfolio in Phillips 66 (NYSE:PSX). Cap Advisers Limited Liability Co holds 0.12% of its portfolio in Phillips 66 (NYSE:PSX) for 172,412 shares. Natl Bank Of Montreal Can reported 0.06% stake. Balasa Dinverno And Foltz Ltd holds 3,923 shares or 0.04% of its portfolio. Daiwa Sb Invs Ltd holds 2,270 shares or 0.05% of its portfolio.

Secor Capital Advisors Lp, which manages about $500.47 million and $764.33 million US Long portfolio, upped its stake in Citigroup Inc (NYSE:C) by 103,286 shares to 121,986 shares, valued at $6.35M in 2018Q4, according to the filing. It also increased its holding in Halozyme Therapeutics Inc (NASDAQ:HALO) by 101,612 shares in the quarter, for a total of 123,999 shares, and has risen its stake in Avnet Inc (NYSE:AVT).

Since November 20, 2018, it had 1 insider buy, and 0 insider sales for $1.98 million activity.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Benzinga.com which released: “Dan Nathan Sees Unusual Options Activity In Verizon (NYSE:VZ) – Benzinga” on March 29, 2019, also Benzinga.com with their article: “Barron’s On: AT&T Vs. Verizon (NYSE:T)(NYSE:VZ) – Benzinga” published on March 31, 2019, Investorplace.com published: “5 Top Stock Trades for Friday: BB, PVH, MU, VZ and LULU – Investorplace.com” on March 28, 2019. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Seekingalpha.com and their article: “Verizon targets children’s market with new plan – Seeking Alpha” published on April 02, 2019 as well as Seekingalpha.com‘s news article titled: “Verizon authorized to operate on government’s EIS contract – Seeking Alpha” with publication date: March 25, 2019.

Investors sentiment decreased to 1.18 in Q4 2018. Its down 0.12, from 1.3 in 2018Q3. It turned negative, as 59 investors sold VZ shares while 611 reduced holdings. 149 funds opened positions while 641 raised stakes. 2.67 billion shares or 4.15% more from 2.57 billion shares in 2018Q3 were reported. Lakeview Cap Ptnrs Limited Liability accumulated 29,099 shares. Burns J W & Com Ny has invested 1.34% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Spirit Of America Mgmt New York invested in 31,560 shares. Van Cleef Asset Managementinc reported 35,268 shares or 0.53% of all its holdings. Pinnacle Financial Ptnrs holds 1.02% or 191,661 shares in its portfolio. Rocky Mountain Advisers Ltd Liability Co holds 0.11% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 540 shares. Ogorek Anthony Joseph Ny Adv accumulated 0% or 60 shares. Pnc Fin Svcs Grp holds 0.54% or 8.68M shares in its portfolio. Cetera Advisor Ltd holds 0.72% or 330,530 shares in its portfolio. Ghp Advsrs holds 86,620 shares. Sumitomo Mitsui Asset Com Limited has invested 0.33% in Verizon Communications Inc. (NYSE:VZ). Washington Cap Mngmt Inc stated it has 35,746 shares or 2.33% of all its holdings. 405,301 are owned by Cincinnati Insurance. Riverhead Capital Limited Liability Corporation reported 120,485 shares stake. Moreover, John G Ullman And Assoc has 0.05% invested in Verizon Communications Inc. (NYSE:VZ) for 4,703 shares.

Phillips 66 (NYSE:PSX) Institutional Positions Chart