Phillips 66 Receives Average Recommendation of “Buy” from Brokerages (NYSE:PSX)
Shares of Phillips 66 (NYSE:PSX) have been given a consensus rating of “Buy” by the fourteen ratings firms that are currently covering the company, Stock Ratings News reports. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $78.67.
A number of research firms have recently commented on PSX. Analysts at Argus upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $90.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Phillips 66 from $85.00 to $90.00 in a research note to investors on Monday, February 3rd. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse downgraded shares of Phillips 66 from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 28th.
Phillips 66 (NYSE:PSX) traded down 1.24% on Monday, hitting $73.36. The stock had a trading volume of 826,187 shares. Phillips 66 has a 52-week low of $54.80 and a 52-week high of $79.00. The stock’s 50-day moving average is $75.18 and its 200-day moving average is $65.23. The company has a market cap of $43.282 billion and a P/E ratio of 12.34.
Phillips 66 (NYSE:PSX) last released its earnings data on Wednesday, January 29th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.30. During the same quarter in the previous year, the company posted $2.06 earnings per share. On average, analysts predict that Phillips 66 will post $7.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, February 13th.
In other Phillips 66 news, Director William Loomis, Jr. purchased 13,600 shares of the company’s stock on the open market in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $73.55 per share, with a total value of $1,000,280.00. Following the acquisition, the director now directly owns 9,447 shares of the company’s stock, valued at approximately $694,827. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Phillips 66 is a holding company. The Company is engaged in producing natural gas liquids (NYSE:PSX) and petrochemicals.
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