Shares of Phillips 66 (NYSE:PSX) hit a new 52-week high and low during trading on Thursday . The company traded as low as $110.67 and last traded at $110.33, with a volume of 1391073 shares traded. The stock had previously closed at $108.89.
A number of analysts recently commented on PSX shares. Credit Suisse Group started coverage on Phillips 66 in a report on Wednesday, January 3rd. They set a “neutral” rating and a $108.00 price target on the stock. Scotiabank reiterated a “buy” rating and set a $112.00 price target on shares of Phillips 66 in a report on Wednesday, January 10th. Barclays reissued a “sell” rating and issued a $111.00 target price on shares of Phillips 66 in a research report on Wednesday, January 10th. Morgan Stanley reissued an “equal weight” rating on shares of Phillips 66 in a research report on Thursday, January 11th. Finally, Piper Jaffray reissued a “buy” rating and issued a $115.00 target price on shares of Phillips 66 in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $104.19.
The stock has a market cap of $50,797.18, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 0.37.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.21. The company had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $30.71 billion. Phillips 66 had a return on equity of 9.18% and a net margin of 4.88%. During the same period in the previous year, the business earned $0.16 earnings per share. analysts expect that Phillips 66 will post 6.91 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in PSX. Mackenzie Financial Corp purchased a new position in shares of Phillips 66 in the fourth quarter valued at $37,580,000. Acadian Asset Management LLC grew its position in shares of Phillips 66 by 94.5% in the fourth quarter. Acadian Asset Management LLC now owns 668,397 shares of the oil and gas company’s stock valued at $67,606,000 after purchasing an additional 324,680 shares in the last quarter. Eaton Vance Management grew its position in shares of Phillips 66 by 19.4% in the fourth quarter. Eaton Vance Management now owns 1,980,794 shares of the oil and gas company’s stock valued at $200,357,000 after purchasing an additional 321,404 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Phillips 66 by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 7,098,574 shares of the oil and gas company’s stock valued at $718,021,000 after purchasing an additional 260,478 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of Phillips 66 by 55.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 574,477 shares of the oil and gas company’s stock valued at $58,107,000 after purchasing an additional 205,484 shares in the last quarter. Institutional investors own 77.74% of the company’s stock.
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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, 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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