Phillips 66 Now Covered by Analysts at Citigroup Inc. (PSX)
Equities research analysts at Citigroup Inc. initiated coverage on shares of Phillips 66 (NYSE:PSX) in a research note issued to investors on Wednesday, AnalystRatings.Net reports. The firm set a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on PSX. Analysts at Oppenheimer reiterated a “buy” rating on shares of Phillips 66 (NYSE:PSX) in a research note to investors on Tuesday, September 10th. They now have a $75.00 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Phillips 66 (NYSE:PSX) from $73.00 to $67.00 in a research note to investors on Tuesday, September 10th. They now have an “outperform” rating on the stock. Finally, analysts at Argus downgraded shares of Phillips 66 (NYSE:PSX) from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 9th. They now have a $6.89 price target on the stock, down previously from $7.25. They noted that the move was a valuation call.
Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Phillips 66 presently has a consensus rating of “Hold” and a consensus price target of $60.61.
Shares of Phillips 66 (NYSE:PSX) traded up 2.14% during mid-day trading on Wednesday, hitting $57.25. 3,873,288 shares of the company’s stock traded hands. Phillips 66 has a 1-year low of $42.45 and a 1-year high of $70.52. The stock has a 50-day moving average of $57.85 and a 200-day moving average of $61.37. The company has a market cap of $34.981 billion and a price-to-earnings ratio of 7.60.
Phillips 66 (NYSE:PSX) last announced its earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by $0.31. During the same quarter in the previous year, the company posted $2.23 earnings per share. Analysts expect that Phillips 66 will post $6.61 EPS for the current fiscal year.
Phillips 66 is a holding company. The Company is engaged in producing natural gas liquids (NYSE:PSX) and petrochemicals.
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