Capital One Financial (COF) Holder Dodge & Cox Trimmed Its Holding by $62.92 Million as Share Value Declined; Phillips 66 Partners LP (PSXP) Shares Rose While Salient Capital Advisors Has Boosted Position by $3.37 Million

June 13, 2018 - By Henry Gaston

Capital One Financial Corporation (NYSE:COF) Logo

Salient Capital Advisors Llc increased its stake in Phillips 66 Partners Lp (PSXP) by 3.63% based on its latest 2018Q1 regulatory filing with the SEC. Salient Capital Advisors Llc bought 71,752 shares as the company’s stock rose 1.02% while stock markets declined. The institutional investor held 2.05 million shares of the natural gas distribution company at the end of 2018Q1, valued at $97.97M, up from 1.98M at the end of the previous reported quarter. Salient Capital Advisors Llc who had been investing in Phillips 66 Partners Lp for a number of months, seems to be bullish on the $6.53 billion market cap company. The stock decreased 0.26% or $0.14 during the last trading session, reaching $53.61. About 1,169 shares traded. Phillips 66 Partners LP (NYSE:PSXP) has declined 1.78% since June 13, 2017 and is downtrending. It has underperformed by 14.35% the S&P500. Some Historical PSXP News: 24/04/2018 – PHILLIPS 66 PARTNERS LP – GRAY OAK PIPELINE SECOND OPEN SEASON WILL COMMENCE AT 3 P.M. CDT ON APRIL 26, 2018; 22/05/2018 – Phillips 66 Reports Tripped Compressors at Sweeny Refinery in Texas; 23/03/2018 – DIARY-U.S. refinery operations-Phillips 66 Says Planned Work Underway at Bayway, NJ Refinery; 18/04/2018 – Phillips 66 Partners Raises Distribution to 71.4c Vs. 67.8c; 18/04/2018 – Phillips 66 Partners Announces 5 Percent Increase in Quarterly Cash Distribution; 27/04/2018 – Phillips 66 Partners 1Q Rev $355M; 24/04/2018 – BUCKEYE PARTNERS FORMED JV WITH PHILLIPS 66 PARTNERS, ANDEAVOR; 27/04/2018 – PHILLIPS 66 PARTNERS LP – WILL CONTINUE TO FUND ORGANIC PROJECTS IN 2018 WITH CASH ON HAND, DEBT CAPACITY AND SELECTIVE USE OF ATM PROGRAM; 23/04/2018 – PHILLIPS 66 SAYS BORGER MAINTENANCE CRIMPING FUEL OUTPUT; 24/04/2018 – PHILLIPS 66 PARTNERS TO CONSTRUCT WEST TEXAS CRUDE OIL PIPELINE

Dodge & Cox decreased its stake in Capital One Financial Corp (COF) by 1.51% based on its latest 2018Q1 regulatory filing with the SEC. Dodge & Cox sold 662,335 shares as the company’s stock declined 5.90% with the market. The institutional investor held 43.16M shares of the major banks company at the end of 2018Q1, valued at $4.14 billion, down from 43.83M at the end of the previous reported quarter. Dodge & Cox who had been investing in Capital One Financial Corp for a number of months, seems to be less bullish one the $46.92B market cap company. The stock increased 0.20% or $0.19 during the last trading session, reaching $96.46. About 34,959 shares traded. Capital One Financial Corporation (NYSE:COF) has risen 19.24% since June 13, 2017 and is uptrending. It has outperformed by 6.67% the S&P500. Some Historical COF News: 26/04/2018 – LAUNCH: Capital One $2b Debt Offering in Two Parts; 09/03/2018 – Fed Enforcements: Federal Reserve Board announces it will not object to the capital plan resubmitted by Capital One Financial; 09/03/2018 – Fed says will not object to revised capital plan from Capital One; 26/04/2018 – NEW DEAL: Capital One $Benchmark 3Y +110a, 7Y +150a; 26/04/2018 – D.R. HORTON – AFFORDABILITY IN HOUSING IS JUST GOING TO BECOME MORE AND MORE DIFFICULT TO MAINTAIN – CEO ON COF CALL; 20/03/2018 – Capital One Financial Corporation to Webcast Conference Call on First Quarter 2018 Earnings; 24/04/2018 – Capital One 1Q Provision for Credit Losses $1.7B; 24/04/2018 – Capital One Beats EPS Expectations, Falls Short for Net Revenue — Earnings Review; 05/04/2018 – Small Business Owners Unsure of Tax Reform Benefits; 08/05/2018 – Capital One Announces Sale of Approximately $17 billion of Mortgages to DLJ Mortgage Capital, Inc., a subsidiary of Credit Suisse AG

Among 16 analysts covering Phillips 66 Partners (NYSE:PSXP), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Phillips 66 Partners had 55 analyst reports since August 4, 2015 according to SRatingsIntel. Barclays Capital upgraded Phillips 66 Partners LP (NYSE:PSXP) on Tuesday, July 18 to “Buy” rating. The company was maintained on Tuesday, January 16 by RBC Capital Markets. JP Morgan maintained it with “Overweight” rating and $78 target in Tuesday, March 15 report. On Wednesday, August 23 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Equal-Weight” rating on Tuesday, April 17 by Barclays Capital. The firm earned “Overweight” rating on Tuesday, March 13 by JP Morgan. The rating was upgraded by Citigroup to “Buy” on Wednesday, January 25. RBC Capital Markets maintained Phillips 66 Partners LP (NYSE:PSXP) on Monday, November 2 with “Outperform” rating. The stock has “Overweight” rating by Morgan Stanley on Friday, November 17. As per Thursday, July 27, the company rating was maintained by Stifel Nicolaus.

Investors sentiment increased to 1.43 in 2018 Q1. Its up 0.46, from 0.97 in 2017Q4. It improved, as 13 investors sold PSXP shares while 31 reduced holdings. 19 funds opened positions while 44 raised stakes. 45.71 million shares or 0.36% more from 45.55 million shares in 2017Q4 were reported. X Management Company Lc holds 0.72% or 754,087 shares in its portfolio. 153,150 are owned by Metropolitan Life Ins Ny. Us Financial Bank De has invested 0% in Phillips 66 Partners LP (NYSE:PSXP). Morgan Stanley reported 679,681 shares or 0.01% of all its holdings. Ftb Advisors holds 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP) for 746 shares. Tower Research Cap Ltd Co (Trc) stated it has 2,146 shares or 0.01% of all its holdings. Nbw Cap Ltd Com holds 154,543 shares or 2.31% of its portfolio. 60,685 were accumulated by Mai Cap Management. Samson Cap Mngmt accumulated 6.25% or 105,875 shares. 137,380 were reported by State Of New Jersey Common Pension Fund D. 27,971 are owned by Sg Americas Ltd Limited Liability Company. Sei Invests reported 363 shares. Royal Fincl Bank Of Canada accumulated 0% or 47,609 shares. Pinnacle Limited Liability Corp reported 52,953 shares. Jpmorgan Chase holds 0.01% or 946,999 shares.

Salient Capital Advisors Llc, which manages about $5.02 billion and $4.05 billion US Long portfolio, decreased its stake in Jpmorgan Chase Co (AMJ) by 150,586 shares to 35,910 shares, valued at $862,000 in 2018Q1, according to the filing. It also reduced its holding in Enbridge Energy Management L (NYSE:EEQ) by 1.42M shares in the quarter, leaving it with 4.02M shares, and cut its stake in Oneok Inc New (NYSE:OKE).

More notable recent Phillips 66 Partners LP (NYSE:PSXP) news were published by: Businesswire.com which released: “Phillips 66 to Expand Sweeny Hub with 300000 BPD of New Fractionation Capacity” on June 13, 2018, also Seekingalpha.com with their article: “Will Phillips 66 Roll-Up Its MLP?” published on May 20, 2018, Fool.com published: “3 Dividend Stocks That Give Their Investors Several Raises Each Year” on June 09, 2018. More interesting news about Phillips 66 Partners LP (NYSE:PSXP) were released by: Seekingalpha.com and their article: “Q1’18 MLP Distribution Recap: Several Growers Overshadowed By 2 Cuts” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “Phillips 66 Is Cashing In On The Oil Spread” with publication date: May 21, 2018.

Among 36 analysts covering Capital One Financial Corp. (NYSE:COF), 20 have Buy rating, 1 Sell and 15 Hold. Therefore 56% are positive. Capital One Financial Corp. had 123 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Capital One Financial Corporation (NYSE:COF) earned “Equal-Weight” rating by Morgan Stanley on Monday, April 30. The firm has “Outperform” rating given on Wednesday, May 9 by BMO Capital Markets. Jefferies maintained the shares of COF in report on Wednesday, August 16 with “Hold” rating. The stock has “Buy” rating by BMO Capital Markets on Tuesday, June 20. The company was downgraded on Wednesday, February 21 by Nomura. The firm has “Sell” rating by Wedbush given on Friday, July 21. The firm has “Buy” rating given on Wednesday, January 27 by Argus Research. As per Wednesday, January 27, the company rating was maintained by DA Davidson. The firm has “Neutral” rating given on Thursday, February 11 by Bank of America. RBC Capital Markets maintained Capital One Financial Corporation (NYSE:COF) rating on Friday, July 21. RBC Capital Markets has “Buy” rating and $9300 target.

Another recent and important Capital One Financial Corporation (NYSE:COF) news was published by Bizjournals.com which published an article titled: “Here’s how serious Capital One is about backing the Caps” on May 29, 2018.

Investors sentiment decreased to 1.01 in Q1 2018. Its down 0.02, from 1.03 in 2017Q4. It is negative, as 43 investors sold COF shares while 260 reduced holdings. 75 funds opened positions while 230 raised stakes. 418.02 million shares or 2.87% more from 406.36 million shares in 2017Q4 were reported. Rhode Island-based Weybosset Research & Mngmt Limited Liability Corp has invested 4.04% in Capital One Financial Corporation (NYSE:COF). Dreman Value L L C reported 11,966 shares. Whittier Tru has 0.01% invested in Capital One Financial Corporation (NYSE:COF) for 3,218 shares. Welch Limited Co reported 1,773 shares. Fisher Asset Mngmt Ltd Liability holds 1.03M shares or 0.11% of its portfolio. First Midwest Savings Bank Trust Division holds 0.19% of its portfolio in Capital One Financial Corporation (NYSE:COF) for 14,659 shares. Ftb Advsrs Inc invested 0.48% of its portfolio in Capital One Financial Corporation (NYSE:COF). Parametric Portfolio Ltd accumulated 1.82M shares. Alabama-based Wealthtrust has invested 0.06% in Capital One Financial Corporation (NYSE:COF). Ironwood Inv Counsel Ltd Liability owns 1.77% invested in Capital One Financial Corporation (NYSE:COF) for 41,562 shares. Oppenheimer Communications accumulated 2,469 shares. Wells Fargo And Comm Mn holds 2.15 million shares or 0.06% of its portfolio. Etrade Cap Management Limited Liability Company accumulated 4,025 shares. Td Asset Mgmt accumulated 201,628 shares. Picton Mahoney Asset Mgmt stated it has 0.64% of its portfolio in Capital One Financial Corporation (NYSE:COF).

Analysts await Capital One Financial Corporation (NYSE:COF) to report earnings on July, 19. They expect $2.49 EPS, up 27.04% or $0.53 from last year’s $1.96 per share. COF’s profit will be $1.21B for 9.68 P/E if the $2.49 EPS becomes a reality. After $2.65 actual EPS reported by Capital One Financial Corporation for the previous quarter, Wall Street now forecasts -6.04% negative EPS growth.

Since December 14, 2017, it had 0 buys, and 20 selling transactions for $98.05 million activity. $4.74 million worth of Capital One Financial Corporation (NYSE:COF) was sold by FINNERAN JOHN G JR. HACKETT ANN F sold $648,822 worth of stock or 6,361 shares. WARNER BRADFORD H sold $298,392 worth of Capital One Financial Corporation (NYSE:COF) on Tuesday, January 2. LaPrade – III Frank G. sold $7.89M worth of stock or 83,046 shares. On Tuesday, May 8 the insider Borgmann Kevin S. sold $1.10 million. Shares for $165,967 were sold by Santos Kleber on Thursday, March 22.

Dodge & Cox, which manages about $123.87B US Long portfolio, upped its stake in Liberty Global Plc (NASDAQ:LBTYK) by 893,700 shares to 38.44 million shares, valued at $1.17 billion in 2018Q1, according to the filing. It also increased its holding in Zayo Group Holdings Inc (NYSE:ZAYO) by 949,366 shares in the quarter, for a total of 24.86 million shares, and has risen its stake in Occidental Petroleum Corp (NYSE:OXY).

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

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