Shares of Phillips 66 (NYSE:PSX) have been given a consensus recommendation of “Hold” by the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $123.67.
Several equities analysts have recently commented on PSX shares. Zacks Investment Research upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a research report on Tuesday, September 11th. Wells Fargo & Co upped their price target on shares of Phillips 66 from $137.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, October 29th. Barclays upgraded shares of Phillips 66 from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $133.00 to $128.00 in a research report on Wednesday, October 3rd. Jefferies Financial Group upgraded shares of Phillips 66 from an “underperform” rating to a “hold” rating and set a $108.00 price target for the company in a research report on Tuesday, October 16th. Finally, ValuEngine lowered shares of Phillips 66 from a “buy” rating to a “hold” rating in a research report on Friday, August 17th.
In related news, Director J Brian Ferguson acquired 21,500 shares of Phillips 66 stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average price of $92.31 per share, with a total value of $1,984,665.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Montag A & Associates Inc. lifted its holdings in Phillips 66 by 10.5% in the 2nd quarter. Montag A & Associates Inc. now owns 5,002 shares of the oil and gas company’s stock valued at $562,000 after acquiring an additional 477 shares during the last quarter. Fiera Capital Corp lifted its holdings in Phillips 66 by 1,112.2% in the 2nd quarter. Fiera Capital Corp now owns 35,250 shares of the oil and gas company’s stock valued at $3,959,000 after acquiring an additional 32,342 shares during the last quarter. Sigma Planning Corp lifted its holdings in Phillips 66 by 9.1% in the 2nd quarter. Sigma Planning Corp now owns 11,665 shares of the oil and gas company’s stock valued at $1,310,000 after acquiring an additional 973 shares during the last quarter. Jennison Associates LLC lifted its holdings in Phillips 66 by 130.0% in the 2nd quarter. Jennison Associates LLC now owns 5,071 shares of the oil and gas company’s stock valued at $570,000 after acquiring an additional 2,866 shares during the last quarter. Finally, Adviser Investments LLC lifted its holdings in Phillips 66 by 68.5% in the 2nd quarter. Adviser Investments LLC now owns 1,377 shares of the oil and gas company’s stock valued at $155,000 after acquiring an additional 560 shares during the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.
Shares of Phillips 66 stock traded up $1.32 during trading on Friday, hitting $93.92. 67,131 shares of the stock were exchanged, compared to its average volume of 2,755,724. The firm has a market capitalization of $42.15 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.22 and a beta of 0.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 1.28. Phillips 66 has a 12 month low of $88.99 and a 12 month high of $123.97.
Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, October 26th. The oil and gas company reported $3.10 EPS for the quarter, topping the consensus estimate of $2.50 by $0.60. The business had revenue of $30.59 billion during the quarter, compared to analyst estimates of $28.50 billion. Phillips 66 had a net margin of 5.72% and a return on equity of 14.97%. During the same quarter in the prior year, the firm earned $1.66 earnings per share. As a group, sell-side analysts forecast that Phillips 66 will post 8.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 19th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Friday, November 16th. Phillips 66’s payout ratio is currently 73.06%.
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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