Brokerages Set Phillips 66 (NYSE:PSX) PT at $150.41

Shares of Phillips 66 (NYSE:PSX) have been assigned an average recommendation of “Hold” from the twenty-two ratings firms that are presently covering the company, Marketbeat reports. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $153.5294.

Several brokerages have recently commented on PSX. Zacks Research downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Barclays lifted their target price on Phillips 66 from $141.00 to $142.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. The Goldman Sachs Group upped their price target on Phillips 66 from $152.00 to $164.00 and gave the stock a “neutral” rating in a research note on Thursday. TD Cowen increased their price objective on shares of Phillips 66 from $145.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Phillips 66 from $154.00 to $151.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th.

Insiders Place Their Bets

In related news, EVP Brian Mandell sold 25,500 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $140.04, for a total value of $3,571,020.00. Following the sale, the executive vice president directly owned 56,838 shares in the company, valued at approximately $7,959,593.52. The trade was a 30.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $145.00, for a total value of $637,130.00. Following the transaction, the executive vice president directly owned 30,193 shares of the company’s stock, valued at approximately $4,377,985. The trade was a 12.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 86,094 shares of company stock worth $11,955,366 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PSX. Board of the Pension Protection Fund bought a new stake in Phillips 66 in the fourth quarter worth $26,000. Accordant Advisory Group Inc grew its stake in shares of Phillips 66 by 900.0% in the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after buying an additional 180 shares in the last quarter. Evolution Wealth Management Inc. bought a new stake in shares of Phillips 66 in the 2nd quarter worth about $25,000. Eagle Bay Advisors LLC bought a new stake in Phillips 66 during the fourth quarter worth approximately $27,000. Finally, Wolff Wiese Magana LLC raised its holdings in Phillips 66 by 62.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 82 shares during the period. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Stock Performance

PSX opened at $141.51 on Monday. The company has a 50 day simple moving average of $136.13 and a two-hundred day simple moving average of $132.45. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.23 and a quick ratio of 0.87. The firm has a market cap of $57.02 billion, a P/E ratio of 38.66, a PEG ratio of 0.40 and a beta of 0.90. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $146.88.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.38. The company had revenue of $33.69 billion for the quarter, compared to analysts’ expectations of $32.29 billion. Phillips 66 had a net margin of 1.12% and a return on equity of 5.53%. During the same quarter in the previous year, the company earned $2.04 EPS. Equities analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.