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

Phillips 66 (NYSE:PSX) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $148.00.

Several research firms recently weighed in on PSX. Wells Fargo & Company upped their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Mizuho cut their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. UBS Group cut their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th.

Institutional Trading of Phillips 66

Several hedge funds and other institutional investors have recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in Phillips 66 in the 3rd quarter valued at approximately $26,000. Bogart Wealth LLC grew its stake in shares of Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 120 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in Phillips 66 in the fourth quarter valued at $25,000. Values First Advisors Inc. bought a new position in Phillips 66 during the 3rd quarter worth $30,000. Finally, Stephens Consulting LLC lifted its holdings in Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after buying an additional 111 shares during the period. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Stock Down 0.3 %

NYSE PSX opened at $120.45 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The company has a market cap of $49.74 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 5.64 and a beta of 1.37. The company has a 50 day moving average of $119.29 and a 200-day moving average of $127.86. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate 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 last year, the firm earned $3.09 earnings per share. On average, equities research analysts expect that Phillips 66 will post 7.14 earnings per share for the current fiscal year.

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.