Regent Investment Management Raised Abbvie (ABBV) Stake; Phillips 66 (PSX) Holder Toron Capital Markets Has Decreased Stake by $2.84 Million

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Regent Investment Management Llc increased its stake in Abbvie Inc (ABBV) by 56.29% based on its latest 2018Q3 regulatory filing with the SEC. Regent Investment Management Llc bought 7,515 shares as the company’s stock declined 6.62% with the market. The hedge fund held 20,866 shares of the major pharmaceuticals company at the end of 2018Q3, valued at $1.97 million, up from 13,351 at the end of the previous reported quarter. Regent Investment Management Llc who had been investing in Abbvie Inc for a number of months, seems to be bullish on the $119.39 billion market cap company. The stock decreased 0.91% or $0.73 during the last trading session, reaching $79.37. About 2.25M shares traded. AbbVie Inc. (NYSE:ABBV) has declined 7.04% since March 4, 2018 and is downtrending. It has underperformed by 7.04% the S&P500. Some Historical ABBV News: 25/05/2018 – AstraZeneca: Imfinzi Met Second Primary Endpoint of Overall Survival; 22/03/2018 – AbbVie says not seeking accelerated approval for lung cancer drug; 25/05/2018 – ASTRAZENECA PLC AZN.L – IMFINZI SIGNIF IMPROVES OVERALL SURVIVAL IN PHASE lll PACIFIC TRIAL FOR UNRESECTABLE STAGE lll NON-SMALL CELL LUNG CANCER; 05/04/2018 – Samsung Bioepis Settles Patent Disputes with AbbVie, Clearing the Way for the Commercialization of SB5 (Adalimumab) in All Approved Markets Worldwide; 07/05/2018 – AbbVie’s Mavyret Falls After 1-Wk Rise, Epclusa Advances: Hep-C; 13/03/2018 – Merck Gets FDA Priority Review for Keytruda sBLA in Advanced Cervical Cancer; 10/04/2018 – ABBV,NBIX: FDA REQUIRES EXTENDED TIME FOR REVIEW OF NDA; 06/04/2018 – Incyte and Merck Provide Update on Phase 3 Study of Epacadostat in Combination with KEYTRUDA® (pembrolizumab) in Patients with Unresectable or Metastatic Melanoma; 30/05/2018 – AbbVie Announces Updated Preliminary Results of Tender Offer; 12/03/2018 – Global Anti-Parkinson’s Drugs Market 2018: Analysis & Forecasts (2013-2022) – Major Players Abbvie, Mylan Laboratories, Valeant Pharmaceuticals and Novartis are Profiled – ResearchAndMarkets.com

Toron Capital Markets Inc decreased its stake in Phillips 66 (PSX) by 12.07% based on its latest 2018Q3 regulatory filing with the SEC. Toron Capital Markets Inc sold 25,153 shares as the company’s stock declined 22.04% with the market. The institutional investor held 183,228 shares of the integrated oil company at the end of 2018Q3, valued at $20.76M, down from 208,381 at the end of the previous reported quarter. Toron Capital Markets Inc who had been investing in Phillips 66 for a number of months, seems to be less bullish one the $43.71 billion market cap company. The stock decreased 1.42% or $1.39 during the last trading session, reaching $96.09. About 721,934 shares traded. Phillips 66 (NYSE:PSX) has declined 9.22% since March 4, 2018 and is downtrending. It has underperformed by 9.22% the S&P500. Some Historical PSX News: 05/05/2018 – Praise for Phillips 66 — Berkshire Hathaway Annual Meeting; 08/03/2018 – PHILLIPS 66 ALLIANCE LOUISIANA REFINERY BEGINS REFORMER, HYDROTREATER OVERHAUL; 27/04/2018 – PHILLIPS 66 EXPECTS FINAL INVESTMENT DECISION ON ETHANE CRACKER IN LATE 2019 -CEO; 17/04/2018 – Phillips 66’s JV Borger, Texas gasoline units due back next week; 22/03/2018 – CENOVUS ENERGY INC CVE.TO – IN ONGOING DISCUSSIONS WITH RAIL PROVIDERS TO RESOLVE A SHORTAGE OF LOCOMOTIVE HAULING CAPACITY; 03/04/2018 – PHILLIPS 66 ALLIANCE REFINERY COMPLETES HYDROTREATER RESTART; 17/04/2018 – Phillips 66 Reports Equipment Issues at Sweeny Refinery in Texas; 10/05/2018 – Phillips 66: William R. Loomis Jr. Retires From Board; 27/04/2018 – Phillips 66 1Q Operating Cash Flow $488 Million; 09/05/2018 – PHILLIPS 66 REPORTS BOOST IN QTRLY DIV

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

Toron Capital Markets Inc, which manages about $2.27B US Long portfolio, upped its stake in Enbridge Inc (NYSE:ENB) by 34,516 shares to 2.21 million shares, valued at $71.34M in 2018Q3, according to the filing. It also increased its holding in Fortis Inc (FRTSF) by 23,093 shares in the quarter, for a total of 1.55M shares, and has risen its stake in Cott Corp Que (NYSE:COT).

More notable recent Phillips 66 (NYSE:PSX) news were published by: Seekingalpha.com which released: “Phillips 66 Posts Stellar 2018 Performance But Tricky Road Ahead – Seeking Alpha” on February 10, 2019, also Seekingalpha.com with their article: “Phillips 66 Is On My Watchlist – Seeking Alpha” published on February 11, 2019, Businesswire.com published: “Phillips 66 to Announce First-Quarter Financial Results – Business Wire” on February 26, 2019. More interesting news about Phillips 66 (NYSE:PSX) were released by: Investorplace.com and their article: “10 Hot Stocks Leading the Market’s Blitz Higher – Investorplace.com” published on February 14, 2019 as well as Globenewswire.com‘s news article titled: “New Research: Key Drivers of Growth for Phillips 66, Seattle Genetics, Green Plains, C&J Energy Services, FRP, and Medical Transcription Billing — Factors of Influence, Major Initiatives and Sustained Production – GlobeNewswire” with publication date: February 13, 2019.

Investors sentiment increased to 1.19 in 2018 Q3. Its up 0.03, from 1.16 in 2018Q2. It increased, as 35 investors sold PSX shares while 356 reduced holdings. 113 funds opened positions while 351 raised stakes. 305.42 million shares or 2.74% less from 314.02 million shares in 2018Q2 were reported. Farmers Trust invested in 0.21% or 6,703 shares. Churchill Management Corp, a California-based fund reported 172,057 shares. Price T Rowe Assoc Inc Md reported 4.65M shares stake. California Pub Employees Retirement Systems reported 0.2% of its portfolio in Phillips 66 (NYSE:PSX). Moreover, Boyer And Corporon Wealth Limited Liability Corporation has 2.01% invested in Phillips 66 (NYSE:PSX) for 42,780 shares. Tributary Mngmt Limited Liability Company owns 3,600 shares. Pub Employees Retirement Of Ohio holds 0.16% or 288,403 shares in its portfolio. Massmutual Trust Co Fsb Adv reported 0% in Phillips 66 (NYSE:PSX). Pinnacle Fincl Prtnrs Inc has invested 0.06% of its portfolio in Phillips 66 (NYSE:PSX). Commonwealth Comml Bank Of owns 152,114 shares for 0.17% of their portfolio. Pineno Levin & Ford Asset Mgmt Inc has 0.32% invested in Phillips 66 (NYSE:PSX) for 6,973 shares. Envestnet Asset Management accumulated 122,141 shares or 0.02% of the stock. Willingdon Wealth has invested 0.04% of its portfolio in Phillips 66 (NYSE:PSX). Citadel Advsr Ltd Llc holds 376,994 shares or 0.02% of its portfolio. 759 are owned by Ims Cap.

More notable recent AbbVie Inc. (NYSE:ABBV) news were published by: Seekingalpha.com which released: “AbbVie Is Too Risky Right Now – Seeking Alpha” on February 14, 2019, also Streetinsider.com with their article: “AbbVie (ABBV) to Showcase Scientific Innovation, Research Advancements Across Dermatology Portfolio at AAD – StreetInsider.com” published on February 25, 2019, Fool.com published: “Congress Grills Drugmakers: 5 Key Takeaways – The Motley Fool” on February 26, 2019. More interesting news about AbbVie Inc. (NYSE:ABBV) were released by: Investorplace.com and their article: “5 High-Growth Stocks Undervalued by the Market – Investorplace.com” published on February 11, 2019 as well as Seekingalpha.com‘s news article titled: “Voyager up 16% premarket on AbbVie deal – Seeking Alpha” with publication date: February 22, 2019.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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