Shares of Phillips 66 (NYSE:PSX) reached a new 52-week high and low during trading on Monday . The company traded as low as $111.38 and last traded at $111.45, with a volume of 1957590 shares traded. The stock had previously closed at $110.99.

A number of research firms have recently commented on PSX. Barclays reissued a “sell” rating and issued a $111.00 price objective on shares of Phillips 66 in a research note on Wednesday, January 10th. Scotiabank reissued a “buy” rating and issued a $112.00 price objective on shares of Phillips 66 in a research note on Wednesday, January 10th. Royal Bank of Canada reissued a “hold” rating and issued a $106.00 price objective on shares of Phillips 66 in a research note on Tuesday, January 30th. JPMorgan Chase boosted their price objective on Phillips 66 from $108.00 to $109.00 and gave the stock a “neutral” rating in a research note on Monday, April 9th. Finally, Citigroup boosted their price objective on Phillips 66 from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $104.19.

The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $51,776.84, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.21. Phillips 66 had a return on equity of 9.18% and a net margin of 4.88%. The business had revenue of $30.12 billion for the quarter, compared to the consensus estimate of $30.71 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. research analysts forecast that Phillips 66 will post 6.91 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Farmers Trust Co. grew its stake in Phillips 66 by 7.6% in the fourth quarter. Farmers Trust Co. now owns 6,837 shares of the oil and gas company’s stock valued at $691,000 after purchasing an additional 484 shares in the last quarter. Asset Advisors Corp grew its stake in Phillips 66 by 1.5% in the fourth quarter. Asset Advisors Corp now owns 34,375 shares of the oil and gas company’s stock valued at $3,477,000 after purchasing an additional 500 shares in the last quarter. Duncker Streett & Co. Inc. grew its stake in Phillips 66 by 20.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 2,963 shares of the oil and gas company’s stock valued at $300,000 after purchasing an additional 500 shares in the last quarter. Bollard Group LLC grew its stake in Phillips 66 by 1.5% in the fourth quarter. Bollard Group LLC now owns 38,988 shares of the oil and gas company’s stock valued at $3,944,000 after purchasing an additional 558 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Phillips 66 by 1.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 53,248 shares of the oil and gas company’s stock valued at $5,386,000 after purchasing an additional 563 shares in the last quarter. Institutional investors and hedge funds own 77.72% of the company’s stock.

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Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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