Phillips 66 (NYSE:PSX) has received an average recommendation of “Buy” from the sixteen brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $118.78.
Several brokerages have recently commented on PSX. Raymond James increased their price target on shares of Phillips 66 from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Macquarie began coverage on shares of Phillips 66 in a research note on Thursday, September 5th. They set an “outperform” rating on the stock. Cowen increased their price target on shares of Phillips 66 from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. dropped their price target on shares of Phillips 66 from $126.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Scotiabank began coverage on shares of Phillips 66 in a research note on Tuesday, September 3rd. They set an “outperform” rating on the stock.
Shares of PSX traded up $0.53 during mid-day trading on Friday, hitting $102.72. 135,913 shares of the company’s stock were exchanged, compared to its average volume of 2,138,080. The firm has a fifty day moving average of $99.47 and a two-hundred day moving average of $94.58. Phillips 66 has a twelve month low of $78.44 and a twelve month high of $119.14. The stock has a market cap of $46.18 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 2.06 and a beta of 1.08. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.39.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a $0.90 dividend. The ex-dividend date was Monday, August 19th. This represents a $3.60 dividend on an annualized basis and a yield of 3.50%. Phillips 66’s payout ratio is presently 30.74%.
Large investors have recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new position in Phillips 66 in the 2nd quarter valued at $25,000. TRUE Private Wealth Advisors acquired a new position in Phillips 66 in the 2nd quarter valued at $26,000. Harvest Group Wealth Management LLC acquired a new position in Phillips 66 in the 1st quarter valued at $31,000. Manchester Financial Inc. acquired a new position in Phillips 66 in the 2nd quarter valued at $32,000. Finally, Coastal Capital Group Inc. acquired a new position in Phillips 66 in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 68.82% of the company’s stock.
Phillips 66 Company Profile
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; provides terminaling and storage services for crude oil and 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.
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