Phillips 66 Target of Unusually High Options Trading (PSX)

Phillips 66 (NYSE:PSX) saw some unusual options trading on Thursday. Stock traders acquired 15,346 call options on the company. This is an increase of approximately 2,008% compared to the typical volume of 728 call options.

A number of equities research analysts have recently weighed in on PSX shares. ValuEngine raised Phillips 66 from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Scotiabank reissued a “buy” rating and issued a $112.00 target price on shares of Phillips 66 in a research note on Wednesday, January 10th. Goldman Sachs raised Phillips 66 to a “buy” rating in a research note on Monday, December 18th. Piper Jaffray reissued a “buy” rating and issued a $115.00 target price on shares of Phillips 66 in a research note on Monday, January 22nd. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Phillips 66 in a research note on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $104.19.

PSX opened at $102.63 on Friday. The company has a market cap of $46,766.63, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.09. Phillips 66 has a one year low of $75.14 and a one year high of $107.47.



Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.21. The business had revenue of $30.12 billion during the quarter, compared to analyst estimates of $30.71 billion. Phillips 66 had a return on equity of 9.18% and a net margin of 4.88%. During the same quarter in the prior year, the company posted $0.16 EPS. equities research analysts forecast that Phillips 66 will post 6.78 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rowland & Co. Investment Counsel ADV bought a new position in Phillips 66 during the 4th quarter valued at approximately $102,000. Pin Oak Investment Advisors Inc. bought a new position in Phillips 66 during the 4th quarter valued at approximately $119,000. First Dallas Securities Inc. bought a new position in Phillips 66 during the 4th quarter valued at approximately $143,000. Truewealth LLC purchased a new position in shares of Phillips 66 during the 4th quarter worth approximately $151,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Phillips 66 during the 3rd quarter worth approximately $141,000. 77.74% of the stock is owned by institutional investors and hedge funds.

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About Phillips 66

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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