Shares of Phillips 66 (NYSE:PSX) have earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $83.84.
Several research firms have recently commented on PSX. TheStreet downgraded Phillips 66 from a “b” rating to a “c+” rating in a report on Thursday, January 12th. Citigroup Inc upgraded Phillips 66 from a “neutral” rating to a “buy” rating in a report on Wednesday, January 25th. Scotiabank reissued a “hold” rating and issued a $86.00 target price on shares of Phillips 66 in a research note on Monday, March 27th. Mizuho raised their target price on Phillips 66 from $55.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, February 6th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $87.00 target price on shares of Phillips 66 in a research note on Thursday.
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Several large investors have recently bought and sold shares of the company. First Command Bank purchased a new position in shares of Phillips 66 during the fourth quarter valued at $102,000. IndexIQ Advisors LLC increased its position in shares of Phillips 66 by 115.2% in the third quarter. IndexIQ Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 809 shares in the last quarter. Argentus Capital Management LLC increased its position in shares of Phillips 66 by 17.7% in the third quarter. Argentus Capital Management LLC now owns 1,579 shares of the oil and gas company’s stock valued at $127,000 after buying an additional 237 shares in the last quarter. Feltz Wealth PLAN Inc. increased its position in shares of Phillips 66 by 14.6% in the third quarter. Feltz Wealth PLAN Inc. now owns 1,598 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 204 shares in the last quarter. Finally, Winfield Associates Inc. increased its position in shares of Phillips 66 by 1.5% in the third quarter. Winfield Associates Inc. now owns 1,655 shares of the oil and gas company’s stock valued at $133,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 69.07% of the company’s stock.
Shares of Phillips 66 (NYSE:PSX) traded up 0.81% during midday trading on Monday, reaching $76.36. The company’s stock had a trading volume of 1,899,185 shares. The company has a 50-day moving average price of $77.98 and a 200-day moving average price of $81.41. Phillips 66 has a 12 month low of $73.67 and a 12 month high of $89.31. The firm has a market cap of $39.54 billion, a price-to-earnings ratio of 26.11 and a beta of 1.33.
Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, February 3rd. The oil and gas company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.23. Phillips 66 had a net margin of 1.81% and a return on equity of 6.24%. The firm had revenue of $23.67 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the business earned $1.31 EPS. Equities analysts expect that Phillips 66 will post $4.06 earnings per share for the current year.
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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