Brokerages Set Phillips 66 (NYSE:PSX) Target Price at $147.93

Phillips 66 (NYSE:PSX) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $148.00.

A number of brokerages have issued reports on PSX. Scotiabank cut their target price on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Barclays reduced their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Mizuho dropped their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Finally, UBS Group decreased their price objective on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC lifted its holdings in Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock worth $25,000 after buying an additional 120 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Phillips 66 during the third quarter worth $26,000. Stephens Consulting LLC raised its stake in shares of Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 111 shares in the last quarter. Values First Advisors Inc. purchased a new position in Phillips 66 in the third quarter valued at $30,000. Finally, Human Investing LLC acquired a new position in Phillips 66 during the 4th quarter worth $30,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Down 0.2 %

Shares of NYSE PSX opened at $123.31 on Monday. The stock has a market cap of $50.93 billion, a PE ratio of 24.96, a P/E/G ratio of 3.89 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The company has a 50-day moving average of $120.01 and a 200 day moving average of $128.15.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period in the previous year, the business earned $3.09 earnings per share. As a group, sell-side analysts predict that Phillips 66 will post 7.57 EPS for the current fiscal year.

About Phillips 66

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.