Phillips 66 (NYSE:PSX) PT Lowered to $160.00

Phillips 66 (NYSE:PSX) had its target price lowered by investment analysts at Mizuho from $162.00 to $160.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price objective would indicate a potential upside of 15.87% from the company’s previous close.

PSX has been the subject of a number of other research reports. Raymond James lowered their price target on shares of Phillips 66 from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, May 30th. Argus reissued a “buy” rating and issued a $167.00 price objective on shares of Phillips 66 in a research note on Thursday, May 30th. StockNews.com downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Piper Sandler decreased their price objective on shares of Phillips 66 from $170.00 to $151.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Finally, Wells Fargo & Company raised their price objective on shares of Phillips 66 from $179.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus price target of $157.79.

Phillips 66 Stock Up 0.1 %

Shares of NYSE:PSX opened at $138.09 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. Phillips 66 has a 12 month low of $89.74 and a 12 month high of $174.08. The company has a 50-day moving average price of $144.60 and a 200 day moving average price of $144.08. The company has a market cap of $58.54 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.92 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). Phillips 66 had a net margin of 3.84% and a return on equity of 19.19%. The business had revenue of $36.44 billion during the quarter, compared to the consensus estimate of $35.87 billion. During the same period in the previous year, the business posted $4.21 EPS. As a group, equities research analysts predict that Phillips 66 will post 11.8 earnings per share for the current year.

Insider Activity at Phillips 66

In related news, EVP Timothy D. Roberts sold 37,742 shares of Phillips 66 stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the transaction, the executive vice president now directly owns 48,365 shares of the company’s stock, valued at $7,051,617. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Phillips 66

Institutional investors and hedge funds have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its stake in shares of Phillips 66 by 12.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 201,592 shares of the oil and gas company’s stock worth $26,501,000 after buying an additional 22,278 shares during the period. Eldred Rock Partners LLC acquired a new stake in shares of Phillips 66 during the fourth quarter worth $10,402,000. First Dallas Securities Inc. acquired a new stake in shares of Phillips 66 during the third quarter worth $753,000. TIAA Trust National Association lifted its stake in shares of Phillips 66 by 32.9% during the fourth quarter. TIAA Trust National Association now owns 14,816 shares of the oil and gas company’s stock worth $1,973,000 after buying an additional 3,670 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Phillips 66 by 27.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 48,601 shares of the oil and gas company’s stock worth $6,470,000 after buying an additional 10,536 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

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.