Phillips 66 (NYSE:PSX – Get Free Report) had its price target raised by investment analysts at TD Cowen from $134.00 to $150.00 in a report issued on Monday, Briefing.com reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. TD Cowen’s price target suggests a potential upside of 15.65% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Bank of America raised their price target on shares of Phillips 66 from $141.00 to $143.00 and gave the stock a “neutral” rating in a research note on Monday, September 18th. StockNews.com raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note on Wednesday, November 29th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $146.00 price target on the stock in a research note on Tuesday, October 31st. Argus raised their price target on shares of Phillips 66 from $125.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Finally, Mizuho decreased their price target on shares of Phillips 66 from $131.00 to $116.00 and set a “neutral” rating on the stock in a research note on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus price target of $134.43.
Phillips 66 Stock Performance
PSX opened at $129.70 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.58. The company has a market cap of $57.06 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.45 and a beta of 1.35. Phillips 66 has a 52-week low of $89.74 and a 52-week high of $131.26. The firm’s fifty day simple moving average is $115.56 and its two-hundred day simple moving average is $109.19.
Phillips 66 (NYSE:PSX – Get Free Report) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $4.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.78 by ($0.15). Phillips 66 had a net margin of 5.05% and a return on equity of 23.32%. During the same quarter in the previous year, the company earned $6.46 EPS. Equities analysts anticipate that Phillips 66 will post 15.45 earnings per share for the current fiscal year.
Insider Buying and Selling at Phillips 66
In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,800 shares of Phillips 66 stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $120.97, for a total transaction of $3,725,876.00. Following the completion of the sale, the chief financial officer now directly owns 103,803 shares in the company, valued at $12,557,048.91. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,800 shares of Phillips 66 stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $120.97, for a total transaction of $3,725,876.00. Following the completion of the sale, the chief financial officer now directly owns 103,803 shares in the company, valued at $12,557,048.91. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy D. Roberts sold 12,970 shares of Phillips 66 stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $124.41, for a total transaction of $1,613,597.70. Following the sale, the executive vice president now owns 80,009 shares of the company’s stock, valued at $9,953,919.69. The disclosure for this sale can be found here. Company insiders own 4.57% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. grew its holdings in shares of Phillips 66 by 4.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,175 shares of the oil and gas company’s stock valued at $4,587,000 after purchasing an additional 1,552 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of Phillips 66 by 7.2% in the third quarter. Trust Co. of Vermont now owns 2,623 shares of the oil and gas company’s stock valued at $315,000 after purchasing an additional 176 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Phillips 66 by 10.9% in the third quarter. Public Sector Pension Investment Board now owns 105,395 shares of the oil and gas company’s stock valued at $12,663,000 after purchasing an additional 10,359 shares in the last quarter. Verity Asset Management Inc. grew its holdings in shares of Phillips 66 by 3.7% in the third quarter. Verity Asset Management Inc. now owns 4,592 shares of the oil and gas company’s stock valued at $552,000 after purchasing an additional 162 shares in the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC acquired a new position in Phillips 66 during the 3rd quarter worth approximately $687,000. Institutional investors and hedge funds own 71.83% of the company’s stock.
Phillips 66 Company Profile
Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. 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 petroleum products to market; provides terminaling and storage services for crude oil and refined 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.