Shares of Phillips 66 (NYSE:PSX) have been assigned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $89.30.
Several research firms recently weighed in on PSX. Barclays PLC reissued an “equal weight” rating and set a $89.00 price target (up from $87.00) on shares of Phillips 66 in a report on Wednesday, August 2nd. Howard Weil raised Phillips 66 from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $86.00 to $98.00 in a report on Thursday, September 28th. Piper Jaffray Companies reissued a “buy” rating and set a $98.00 price target on shares of Phillips 66 in a report on Tuesday, September 26th. BidaskClub raised Phillips 66 from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) raised Phillips 66 from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $88.00 to $109.00 in a report on Tuesday, October 3rd.
Phillips 66 (NYSE PSX) traded down 0.55% during mid-day trading on Friday, hitting $92.82. The stock had a trading volume of 1,769,365 shares. Phillips 66 has a one year low of $75.14 and a one year high of $94.69. The firm has a market capitalization of $47.48 billion, a price-to-earnings ratio of 28.65 and a beta of 1.19. The stock’s 50 day moving average price is $87.13 and its 200 day moving average price is $81.80.
Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The business had revenue of $24.58 billion during the quarter, compared to analysts’ expectations of $25.14 billion. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. During the same period last year, the firm posted $0.94 EPS. Analysts forecast that Phillips 66 will post $4.33 EPS for the current year.
In other news, VP Chukwuemeka A. Oyolu sold 1,151 shares of Phillips 66 stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $89.08, for a total value of $102,531.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Amarillo National Bank bought a new position in shares of Phillips 66 in the 3rd quarter valued at $229,000. Curbstone Financial Management Corp increased its stake in shares of Phillips 66 by 107.2% in the 3rd quarter. Curbstone Financial Management Corp now owns 12,904 shares of the oil and gas company’s stock valued at $1,182,000 after purchasing an additional 6,677 shares during the last quarter. Norman Fields Gottscho Capital Management LLC increased its stake in shares of Phillips 66 by 0.8% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 96,254 shares of the oil and gas company’s stock valued at $8,818,000 after purchasing an additional 740 shares during the last quarter. Perpetual Ltd increased its stake in shares of Phillips 66 by 1.9% in the 2nd quarter. Perpetual Ltd now owns 43,870 shares of the oil and gas company’s stock valued at $3,628,000 after purchasing an additional 800 shares during the last quarter. Finally, Intl Fcstone Inc. bought a new position in shares of Phillips 66 in the 2nd quarter valued at $299,000. Institutional investors own 69.54% of the company’s stock.
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About Phillips 66
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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