As Phillips 66 Partners LP Com Un (PSXP) Stock Price Declined, Shareholder Miller Howard Investments Has Decreased Stake; Global Payments (GPN) Share Price Rose While Barometer Capital Management Decreased Its Stake by $6.38 Million

September 24, 2018 - By Glen Chin

Global Payments Inc. (NYSE:GPN) Logo

Barometer Capital Management Inc decreased its stake in Global Payments Inc (GPN) by 97.79% based on its latest 2018Q2 regulatory filing with the SEC. Barometer Capital Management Inc sold 57,500 shares as the company’s stock rose 7.99% with the market. The hedge fund held 1,300 shares of the business services company at the end of 2018Q2, valued at $145,000, down from 58,800 at the end of the previous reported quarter. Barometer Capital Management Inc who had been investing in Global Payments Inc for a number of months, seems to be less bullish one the $20.14B market cap company. The stock increased 0.08% or $0.1 during the last trading session, reaching $127.29. About 555,404 shares traded. Global Payments Inc. (NYSE:GPN) has risen 30.45% since September 24, 2017 and is uptrending. It has outperformed by 14.83% the S&P500. Some Historical GPN News: 15/05/2018 – Global Payments Presenting at JPMorgan Conference Tomorrow; 21/04/2018 – DJ Global Payments Inc, Inst Holders, 1Q 2018 (GPN); 03/05/2018 – GLOBAL PAYMENTS INC GPN.N FY2018 SHR VIEW $5.06, REV VIEW $3.94 BLN — THOMSON REUTERS l/B/E/S; 29/05/2018 – Global Payments Names Winnie Smith Vice President of Investor Relations; 03/05/2018 – Global Payments 1Q Adj EPS $1.13; 03/05/2018 – Global Payments Sees 2018 Adjusted Net Rev Plus Network Fees $3.9B-$3.975B

Miller Howard Investments Inc decreased its stake in Phillips 66 Partners Lp Com Un (PSXP) by 6.98% based on its latest 2018Q2 regulatory filing with the SEC. Miller Howard Investments Inc sold 27,697 shares as the company’s stock declined 1.40% while stock markets rallied. The institutional investor held 369,176 shares of the natural gas distribution company at the end of 2018Q2, valued at $18.85 million, down from 396,873 at the end of the previous reported quarter. Miller Howard Investments Inc who had been investing in Phillips 66 Partners Lp Com Un for a number of months, seems to be less bullish one the $6.27B market cap company. The stock decreased 1.12% or $0.58 during the last trading session, reaching $51.03. About 131,437 shares traded. Phillips 66 Partners LP (NYSE:PSXP) has risen 9.72% since September 24, 2017 and is uptrending. It has underperformed by 5.90% the S&P500. Some Historical PSXP News: 24/04/2018 – BUCKEYE PARTNERS FORMED JV WITH PHILLIPS 66 PARTNERS, ANDEAVOR; 24/04/2018 – PHILLIPS 66 PARTNERS LP – PIPELINE IS EXPECTED TO BE PLACED IN SERVICE BY END OF 2019; 03/05/2018 – New Research: Key Drivers of Growth for Hospitality Properties Trust, Shell Midstream Partners, Archrock, Phillips 66 Partners; 18/04/2018 – PHILLIPS 66 PARTNERS LP – BOARD OF DIRECTORS OF ITS GENERAL PARTNER DECLARED A FIRST-QUARTER 2018 CASH DISTRIBUTION OF $0.714 PER COMMON UNIT; 09/04/2018 – Mastercard and Phillips 66 Drive Easier Payments with Masterpass; 27/04/2018 – Phillips 66 Partners 1Q EPS 87c; 18/04/2018 – Phillips 66 Partners Boosts Cash Distribution by 5; 19/04/2018 – DJ Phillips 66 Partners LP, Inst Holders, 1Q 2018 (PSXP); 17/05/2018 – Andeavor, Concho Resources and Phillips 66 are among the top performers across 16 similar three-month oil price environments, according to hedge fund analytics tool Kensho

Analysts await Phillips 66 Partners LP (NYSE:PSXP) to report earnings on October, 26. They expect $0.91 EPS, up 78.43% or $0.40 from last year’s $0.51 per share. PSXP’s profit will be $111.85M for 14.02 P/E if the $0.91 EPS becomes a reality. After $0.94 actual EPS reported by Phillips 66 Partners LP for the previous quarter, Wall Street now forecasts -3.19% negative EPS growth.

Investors sentiment decreased to 1.38 in 2018 Q2. Its down 0.05, from 1.43 in 2018Q1. It dropped, as 15 investors sold PSXP shares while 32 reduced holdings. 18 funds opened positions while 47 raised stakes. 45.53 million shares or 0.40% less from 45.71 million shares in 2018Q1 were reported. Jane Street Gp has 0% invested in Phillips 66 Partners LP (NYSE:PSXP). Glenmede Tru Na holds 65,867 shares or 0.01% of its portfolio. Castleark Mngmt owns 101,669 shares. Tiedemann Advisors Ltd Liability Corporation owns 369,089 shares. Moneta Group Invest Advisors Ltd Llc invested in 345 shares. Fincl Bank Of Ny Mellon Corp has invested 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Mariner Wealth stated it has 0.02% in Phillips 66 Partners LP (NYSE:PSXP). Cushing Asset Mngmt Limited Partnership holds 1.68 million shares or 2.61% of its portfolio. Raymond James & Associates stated it has 126,236 shares. Fmr Lc holds 0% in Phillips 66 Partners LP (NYSE:PSXP) or 126,700 shares. Neuberger Berman Gru Ltd Limited Liability Company holds 0% or 8,547 shares. 2,000 were reported by Monetary Mngmt Grp. State Of New Jersey Common Pension Fund D owns 137,380 shares. Alps Advsr accumulated 1.29% or 3.87M shares. Samson Mgmt Lc reported 96,602 shares.

More notable recent Phillips 66 Partners LP (NYSE:PSXP) news were published by: Seekingalpha.com which released: “MLP Distribution Coverage: How And Why It’s Changed” on August 29, 2018, also Fool.com with their article: “Pipeline Companies Are Racing to Solve This $100 Million-a-Day Problem” published on September 22, 2018, Newsok.com published: “Phillips 66 Partners to Announce Third-Quarter Financial Results” on September 20, 2018. More interesting news about Phillips 66 Partners LP (NYSE:PSXP) were released by: Fool.com and their article: “The Permian Basin’s Pipeline Woes Are About to Ease” published on September 24, 2018 as well as Fool.com‘s news article titled: “The Building Boom Continues as Another New Permian Basin Oil Pipeline Is Underway” with publication date: September 04, 2018.

Miller Howard Investments Inc, which manages about $6.68 billion and $4.17B US Long portfolio, upped its stake in Corning Inc Com (NYSE:GLW) by 16,876 shares to 58,282 shares, valued at $1.60 million in 2018Q2, according to the filing. It also increased its holding in Dominion Energy Inc Com (NYSE:D) by 83,382 shares in the quarter, for a total of 178,380 shares, and has risen its stake in Centurylink Inc Com (NYSE:CTL).

Among 17 analysts covering Phillips 66 Partners (NYSE:PSXP), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 59% are positive. Phillips 66 Partners had 58 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Phillips 66 Partners LP (NYSE:PSXP) has “Buy” rating given on Friday, September 30 by Mizuho. The firm has “Buy” rating by Bank of America given on Wednesday, August 1. Goldman Sachs initiated the shares of PSXP in report on Thursday, August 25 with “Neutral” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Sunday, February 4. Raymond James initiated the shares of PSXP in report on Thursday, April 21 with “Outperform” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, October 26. The stock of Phillips 66 Partners LP (NYSE:PSXP) has “Outperform” rating given on Monday, October 26 by Credit Suisse. The rating was maintained by Mizuho on Sunday, October 29 with “Buy”. RBC Capital Markets maintained it with “Buy” rating and $63.0 target in Sunday, November 5 report. The firm earned “Buy” rating on Monday, October 10 by .

Among 39 analysts covering Global Payments Inc. (NYSE:GPN), 30 have Buy rating, 1 Sell and 8 Hold. Therefore 77% are positive. Global Payments Inc. had 136 analyst reports since July 29, 2015 according to SRatingsIntel. The company was upgraded on Thursday, September 15 by Goldman Sachs. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with “Buy”. The stock has “Neutral” rating by Goldman Sachs on Monday, June 18. The stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by RBC Capital Markets on Thursday, February 15. Jefferies downgraded the stock to “Hold” rating in Friday, October 9 report. The firm earned “Outperform” rating on Friday, January 6 by BMO Capital Markets. Cowen & Co maintained the stock with “Buy” rating in Thursday, March 1 report. The rating was maintained by Oppenheimer on Wednesday, August 19 with “Buy”. The rating was maintained by Robert W. Baird with “Buy” on Thursday, September 28. The company was upgraded on Tuesday, November 15 by Compass Point.

Barometer Capital Management Inc, which manages about $2.58B and $1.20 billion US Long portfolio, upped its stake in Ishares Exponential Technologies Etf by 65,900 shares to 168,200 shares, valued at $6.09M in 2018Q2, according to the filing. It also increased its holding in Ishares Core S&P Small (IJR) by 19,100 shares in the quarter, for a total of 83,300 shares, and has risen its stake in Intuitive Surgical Inc (NASDAQ:ISRG).

Since April 12, 2018, it had 0 buys, and 24 selling transactions for $16.80 million activity. 4,125 Global Payments Inc. (NYSE:GPN) shares with value of $531,135 were sold by BALDWIN ROBERT H B JR. Shares for $68,400 were sold by SILBERSTEIN ALAN M on Friday, May 18. $77,328 worth of stock was sold by JACOBS WILLIAM I on Friday, September 14. Bready Cameron M sold $7.38M worth of stock. The insider Sacchi Guido Francesco sold 15,156 shares worth $1.90 million. Green David Lawrence sold 9,212 shares worth $1.18 million.

Analysts await Global Payments Inc. (NYSE:GPN) to report earnings on November, 14. They expect $1.34 EPS, up 18.58% or $0.21 from last year’s $1.13 per share. GPN’s profit will be $211.96 million for 23.75 P/E if the $1.34 EPS becomes a reality. After $1.21 actual EPS reported by Global Payments Inc. for the previous quarter, Wall Street now forecasts 10.74% EPS growth.

Phillips 66 Partners LP (NYSE:PSXP) Institutional Positions Chart

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