Phillips 66 (NYSE:PSX) PT Lowered to $142.00 at Barclays

Phillips 66 (NYSE:PSX) had its price target lowered by Barclays from $147.00 to $142.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the oil and gas company’s stock.

A number of other brokerages also recently commented on PSX. Raymond James cut their price objective on Phillips 66 from $163.00 to $160.00 and set an outperform rating for the company in a research report on Thursday, May 30th. Argus reissued a buy rating and issued a $167.00 price target on shares of Phillips 66 in a research note on Thursday, May 30th. Piper Sandler decreased their target price on shares of Phillips 66 from $170.00 to $151.00 and set an overweight rating for the company in a report on Friday, June 14th. Wells Fargo & Company boosted their price target on shares of Phillips 66 from $179.00 to $191.00 and gave the company an overweight rating in a report on Monday, April 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Phillips 66 from $149.00 to $167.00 and gave the stock an overweight rating in a research note on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $157.07.

Phillips 66 Stock Up 0.1 %

Phillips 66 stock opened at $140.55 on Monday. The company’s 50-day moving average price is $142.22 and its two-hundred day moving average price is $144.98. The stock has a market cap of $59.59 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 2.12 and a beta of 1.34. Phillips 66 has a 52 week low of $94.51 and a 52 week high of $174.08. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58.

Phillips 66 (NYSE:PSX) last released its earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). The firm had revenue of $36.44 billion during the quarter, compared to analyst estimates of $35.87 billion. Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. During the same quarter last year, the company earned $4.21 earnings per share. On average, analysts expect that Phillips 66 will post 10.99 EPS for the current fiscal year.

Insider Transactions at Phillips 66

In related news, EVP Timothy D. Roberts sold 37,742 shares of Phillips 66 stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the sale, the executive vice president now directly owns 48,365 shares of the company’s stock, valued at $7,051,617. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Phillips 66

Hedge funds and other institutional investors have recently modified their holdings of the stock. Madison Park Capital Advisors LLC increased its stake in Phillips 66 by 3.0% during the 1st quarter. Madison Park Capital Advisors LLC now owns 2,346 shares of the oil and gas company’s stock worth $383,000 after purchasing an additional 68 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of Phillips 66 by 1.6% during the first quarter. Premier Path Wealth Partners LLC now owns 4,464 shares of the oil and gas company’s stock worth $729,000 after acquiring an additional 71 shares during the period. Warwick Investment Management Inc. boosted its stake in Phillips 66 by 3.1% in the 4th quarter. Warwick Investment Management Inc. now owns 2,395 shares of the oil and gas company’s stock worth $319,000 after purchasing an additional 73 shares during the period. MV Capital Management Inc. increased its holdings in Phillips 66 by 9.6% during the 1st quarter. MV Capital Management Inc. now owns 837 shares of the oil and gas company’s stock worth $137,000 after purchasing an additional 73 shares in the last quarter. Finally, HCR Wealth Advisors raised its stake in shares of Phillips 66 by 2.9% in the 4th quarter. HCR Wealth Advisors now owns 2,640 shares of the oil and gas company’s stock valued at $351,000 after purchasing an additional 74 shares during the period. Institutional investors own 76.93% of the company’s stock.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.