Phillips 66 Partners LP (PSXP) Holder Salient Capital Advisors Lowered Its Holding as Stock Price Declined; Fort LP Stake in Wellcare Health Plans (WCG) Decreased as Stock Price Declined

WellCare Health Plans, Inc. (NYSE:WCG) Logo

Salient Capital Advisors Llc decreased its stake in Phillips 66 Partners Lp (PSXP) by 2.51% based on its latest 2018Q3 regulatory filing with the SEC. Salient Capital Advisors Llc sold 50,645 shares as the company’s stock declined 13.12% with the market. The institutional investor held 1.97 million shares of the natural gas distribution company at the end of 2018Q3, valued at $100.67 million, down from 2.02M 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 less bullish one the $6.09 billion market cap company. The stock increased 1.09% or $0.53 during the last trading session, reaching $49.15. About 282,791 shares traded. Phillips 66 Partners LP (NYSE:PSXP) has declined 2.97% since February 11, 2018 and is downtrending. It has underperformed by 2.97% 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; 24/04/2018 – PHILLIPS 66 PARTNERS – RECEIVED SUFFICIENT BINDING COMMITMENTS ON AN INITIAL OPEN SEASON TO PROCEED WITH CONSTRUCTION OF GRAY OAK PIPELINE SYSTEM; 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; 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; 24/04/2018 – BUCKEYE PARTNERS FORMED JV WITH PHILLIPS 66 PARTNERS, ANDEAVOR; 13/03/2018 PHILLIPS 66 PARTNERS LP PSXP.N : JP MORGAN RAISES TARGET PRICE TO $61 FROM $60; 24/04/2018 – PHILLIPS 66 PARTNERS LP – PIPELINE IS EXPECTED TO BE PLACED IN SERVICE BY END OF 2019; 23/04/2018 – PHILLIPS 66 SAYS BORGER MAINTENANCE CRIMPING FUEL OUTPUT; 27/04/2018 – Phillips 66 Partners 1Q Net $172M; 22/05/2018 – Dennis K Burke Becomes Northeast Distributor for Phillips 66/Kendall Lubricants

Fort Lp decreased its stake in Wellcare Health Plans Inc (WCG) by 66.35% based on its latest 2018Q3 regulatory filing with the SEC. Fort Lp sold 54,547 shares as the company’s stock declined 23.51% with the market. The hedge fund held 27,666 shares of the health care company at the end of 2018Q3, valued at $8.87 million, down from 82,213 at the end of the previous reported quarter. Fort Lp who had been investing in Wellcare Health Plans Inc for a number of months, seems to be less bullish one the $13.87B market cap company. The stock decreased 0.91% or $2.54 during the last trading session, reaching $277.39. About 387,228 shares traded. WellCare Health Plans, Inc. (NYSE:WCG) has risen 12.98% since February 11, 2018 and is uptrending. It has outperformed by 12.98% the S&P500. Some Historical WCG News: 08/05/2018 – WellCare Announces Appearance At Investor Conference; 01/05/2018 – WellCare Health Plans 1Q EPS $2.25; 29/05/2018 – WELLCARE SEES DEAL ADDING TO EARNINGS; 07/05/2018 – STAYWELL HEALTH PLAN – NEW STATEWIDE MEDICAID MANAGED CARE PROGRAM IS EXPECTED TO BEGIN NO EARLIER THAN OCT 1; 13/03/2018 – CARE1ST HEALTH PLAN ARIZONA INC SAYS SERVICES UNDER NEW CONTRACT WITH AHCCCS ARE EXPECTED TO BEGIN ON OCTOBER 1; 29/05/2018 – WELLCARE HAS SECURED $2.5B IN COMMITTED BRIDGE FINANCING; 29/05/2018 – Health Insurer WellCare to Acquire Meridian for $2.5 Billion; 01/05/2018 – WellCare Health Plans 1Q Medicare Medical Benefits Ratios 84%; 23/05/2018 – Study Finds Connecting Patients with Social Services to Address Social Determinants of Health Generates Double-Digit Reduction; 01/05/2018 – WellCare Health Plans 1Q Medicare Health Plans Revenue $1.56B

More notable recent Phillips 66 Partners LP (NYSE:PSXP) news were published by: Seekingalpha.com which released: “Phillips 66 Partners: The Harvey Impact – Seeking Alpha” on August 30, 2017, also Seekingalpha.com with their article: “Phillips 66 Partners: Bright Trajectory With STACK Tailwinds – Seeking Alpha” published on August 04, 2016, Bizjournals.com published: “Phillips 66 Partners forms JV on Louisiana pipeline project – Houston Business Journal” on January 14, 2019. More interesting news about Phillips 66 Partners LP (NYSE:PSXP) were released by: Zacks.com and their article: “Imperial Oil (IMO) Q4 Earnings Beat Estimates, Sales Miss – Zacks.com” published on February 04, 2019 as well as Fool.com‘s news article titled: “This Oil Stock Buys the Dip at Warren Buffett’s Expense – The Motley Fool” with publication date: February 14, 2018.

Among 17 analysts covering Phillips 66 Partners (NYSE:PSXP), 11 have Buy rating, 1 Sell and 5 Hold. Therefore 65% are positive. Phillips 66 Partners had 64 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Sunday, July 23 by RBC Capital Markets. The stock has “Hold” rating by Goldman Sachs on Tuesday, October 17. The stock has “Buy” rating by Stifel Nicolaus on Thursday, October 26. As per Monday, January 28, the company rating was downgraded by Jefferies. As per Friday, September 30, the company rating was initiated by Mizuho. The firm has “Outperform” rating given on Monday, October 29 by Raymond James. The company was upgraded on Tuesday, July 18 by Barclays Capital. Citigroup maintained the shares of PSXP in report on Wednesday, October 18 with “Buy” rating. Evercore maintained it with “Buy” rating and $77 target in Thursday, September 3 report. Bank of America maintained the stock with “Buy” rating in Wednesday, August 1 report.

Salient Capital Advisors Llc, which manages about $5.02B and $4.60 billion US Long portfolio, upped its stake in Transcanada Corp (NYSE:TRP) by 407,136 shares to 1.82 million shares, valued at $73.60M in 2018Q3, according to the filing. It also increased its holding in Enbridge Energy Management L (NYSE:EEQ) by 152,195 shares in the quarter, for a total of 3.44M shares, and has risen its stake in Plains All Amern Pipeline L (NYSE:PAA).

Investors sentiment decreased to 1.04 in 2018 Q3. Its down 0.34, from 1.38 in 2018Q2. It turned negative, as 14 investors sold PSXP shares while 40 reduced holdings. 20 funds opened positions while 36 raised stakes. 47.72 million shares or 4.82% more from 45.53 million shares in 2018Q2 were reported. Morgan Stanley has 454,295 shares. Carroll Assoc invested in 178 shares or 0% of the stock. Exchange Cap Management reported 300 shares or 0% of all its holdings. Svcs reported 0% stake. Germany-based Deutsche National Bank & Trust Ag has invested 0% in Phillips 66 Partners LP (NYSE:PSXP). Rr Advsr Ltd Liability Corp holds 5.12% in Phillips 66 Partners LP (NYSE:PSXP) or 1.05 million shares. Tortoise Capital Advisors Limited Liability Corp holds 3.49% or 11.69 million shares in its portfolio. Bnp Paribas Arbitrage reported 23,641 shares or 0% of all its holdings. National Bank Of New York Mellon reported 10,939 shares stake. Mai Management invested in 0.16% or 59,398 shares. Barclays Public Ltd reported 0.01% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). California Public Employees Retirement Systems reported 88,796 shares or 0.01% of all its holdings. Ameriprise Fincl invested in 0% or 1,559 shares. Renaissance Technology Ltd Co holds 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP) for 8,396 shares. Toth Advisory invested 0.12% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP).

Since November 28, 2018, it had 2 buys, and 0 insider sales for $538,241 activity. 10,000 shares were bought by O’Toole Joseph, worth $469,600 on Wednesday, November 28.

More notable recent WellCare Health Plans, Inc. (NYSE:WCG) news were published by: Bizjournals.com which released: “Patel emergency department at Florida Hospital Carrollwood readies to open (Photos) – Tampa Bay Business Journal” on December 17, 2018, also Benzinga.com with their article: “9 Policy Catalysts For Health Care Investors To Watch Before Year’s End – Benzinga” published on November 25, 2018, Benzinga.com published: “12 Stocks To Watch For February 5, 2019 – Benzinga” on February 05, 2019. More interesting news about WellCare Health Plans, Inc. (NYSE:WCG) were released by: Seekingalpha.com and their article: “WellCare Health Plans (WCG) Investor Presentation – Slideshow – Seeking Alpha” published on May 25, 2018 as well as Bizjournals.com‘s news article titled: “Florida health care firm to open regional hub in Phoenix, plans hiring push – Phoenix Business Journal” with publication date: October 23, 2018.

Fort Lp, which manages about $349.60M and $447.65M US Long portfolio, upped its stake in Aspen Technology Inc (NASDAQ:AZPN) by 8,567 shares to 9,836 shares, valued at $1.12 million in 2018Q3, according to the filing. It also increased its holding in Armstrong World Inds Inc New (NYSE:AWI) by 9,450 shares in the quarter, for a total of 10,971 shares, and has risen its stake in Texas Instrs Inc (NASDAQ:TXN).

Among 24 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 19 have Buy rating, 0 Sell and 5 Hold. Therefore 79% are positive. Wellcare Health Plans Inc. had 74 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Friday, March 16. The firm has “Buy” rating by Deutsche Bank given on Thursday, July 13. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Buy” rating given on Thursday, August 24 by Cantor Fitzgerald. Cantor Fitzgerald maintained WellCare Health Plans, Inc. (NYSE:WCG) rating on Tuesday, February 6. Cantor Fitzgerald has “Buy” rating and $235.0 target. The firm earned “Buy” rating on Monday, December 18 by Cantor Fitzgerald. The rating was maintained by Jefferies on Wednesday, November 1 with “Hold”. The stock of WellCare Health Plans, Inc. (NYSE:WCG) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, September 5. Stifel Nicolaus maintained the shares of WCG in report on Thursday, November 5 with “Buy” rating. On Thursday, July 13 the stock rating was maintained by Credit Suisse with “Hold”. Cowen & Co initiated it with “Buy” rating and $200.0 target in Monday, October 9 report.

Investors sentiment increased to 1.5 in 2018 Q3. Its up 0.49, from 1.01 in 2018Q2. It is positive, as 26 investors sold WCG shares while 117 reduced holdings. 107 funds opened positions while 107 raised stakes. 47.57 million shares or 12.50% more from 42.28 million shares in 2018Q2 were reported. Voya Inv Ltd Limited Liability Company reported 59,557 shares stake. Motco reported 55 shares. Renaissance Technologies Limited Liability Corporation invested in 1.01 million shares. Wright Service accumulated 6,675 shares or 0.78% of the stock. 926 are owned by Utd Advisers Ltd Llc. Hsbc Public Ltd Company reported 0.02% in WellCare Health Plans, Inc. (NYSE:WCG). Tiaa Cref Invest Mngmt Ltd Liability Company reported 771,955 shares. Petrus Tru Lta stated it has 0.09% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). Ameritas Inv Ptnrs holds 0.05% or 3,640 shares in its portfolio. Sei Invests Com holds 48,480 shares or 0.06% of its portfolio. State Common Retirement Fund stated it has 130,871 shares. Moreover, California Employees Retirement Sys has 0.06% invested in WellCare Health Plans, Inc. (NYSE:WCG) for 140,090 shares. Guernsey-based Bluecrest Cap Limited has invested 0.12% in WellCare Health Plans, Inc. (NYSE:WCG). Balyasny Asset Limited Liability Company stated it has 37,242 shares or 0.05% of all its holdings. Ameriprise Inc holds 657,099 shares.

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