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.
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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