Shares of Phillips 66 (NYSE:PSX) have been given an average rating of “Buy” by the twenty research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $91.81.

PSX has been the subject of several recent analyst reports. Barclays reiterated a “buy” rating and set a $94.00 price objective on shares of Phillips 66 in a research note on Wednesday, April 8th. Morgan Stanley increased their target price on Phillips 66 from $68.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Royal Bank of Canada upgraded Phillips 66 from a “sector perform” rating to an “outperform” rating and set a $67.00 target price on the stock in a report on Sunday, March 29th. Jefferies Financial Group cut Phillips 66 from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a report on Tuesday, June 23rd. Finally, ValuEngine upgraded Phillips 66 from a “sell” rating to a “hold” rating in a report on Monday, June 1st.

Phillips 66 stock opened at $68.42 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.61. The stock has a fifty day moving average price of $76.43 and a two-hundred day moving average price of $79.75. Phillips 66 has a 52-week low of $40.04 and a 52-week high of $119.92. The firm has a market capitalization of $29.88 billion, a P/E ratio of 100.62, a P/E/G ratio of 5.08 and a beta of 1.60.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.39. Phillips 66 had a return on equity of 14.90% and a net margin of 0.35%. The firm had revenue of $21.24 billion during the quarter, compared to analyst estimates of $22.04 billion. During the same period in the prior year, the company posted $0.40 earnings per share. On average, equities research analysts predict that Phillips 66 will post 2.58 EPS for the current fiscal year.

In related news, Director John E. Lowe bought 1,500 shares of the business’s stock in a transaction on Friday, June 26th. The shares were purchased at an average price of $68.43 per share, with a total value of $102,645.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Kramer Adams bought 1,250 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was bought at an average cost of $76.40 per share, for a total transaction of $95,500.00. Following the purchase, the director now directly owns 10,213 shares of the company’s stock, valued at approximately $780,273.20. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 3,750 shares of company stock worth $268,305. 0.63% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSX. Norges Bank acquired a new stake in shares of Phillips 66 during the fourth quarter worth about $506,457,000. State Street Corp raised its position in shares of Phillips 66 by 7.7% during the first quarter. State Street Corp now owns 24,392,064 shares of the oil and gas company’s stock worth $1,308,634,000 after purchasing an additional 1,749,706 shares during the period. Renaissance Technologies LLC raised its position in shares of Phillips 66 by 824.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,922,902 shares of the oil and gas company’s stock worth $214,231,000 after purchasing an additional 1,715,002 shares during the period. BlackRock Inc. raised its position in shares of Phillips 66 by 3.9% during the first quarter. BlackRock Inc. now owns 31,599,517 shares of the oil and gas company’s stock worth $1,695,316,000 after purchasing an additional 1,188,569 shares during the period. Finally, APG Asset Management N.V. raised its position in shares of Phillips 66 by 60.6% during the first quarter. APG Asset Management N.V. now owns 2,612,596 shares of the oil and gas company’s stock worth $221,437,000 after purchasing an additional 985,864 shares during the period. 66.88% of the stock is currently owned by institutional investors.

About Phillips 66

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; provides terminaling and storage services for crude oil and 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.

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Analyst Recommendations for Phillips 66 (NYSE:PSX)

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