Share on StockTwits

Shares of Phillips 66 (NYSE:PSX) saw an uptick in trading volume on Monday after Citigroup raised their price target on the stock from $84.00 to $88.00, Stock Ratings Network.com reports. Citigroup currently has a neutral rating on the stock. 8,352,105 shares changed hands during trading, an increase of 118% from the previous session’s volume of 3,834,054 shares.The stock last traded at $79.95 and had previously closed at $80.29.

A number of other firms have also recently commented on PSX. Analysts at Zacks reiterated a “neutral” rating on shares of Phillips 66 in a research note on Friday, June 20th. They now have a $90.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Phillips 66 in a research note on Wednesday, June 4th. They now have a $68.00 price target on the stock, up previously from $52.00. Finally, analysts at TheStreet upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Phillips 66 presently has a consensus rating of “Buy” and a consensus target price of $82.36.

In other Phillips 66 news, Director William R. Loomis, Jr. bought 3,105 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 30th. The stock was purchased at an average cost of $80.60 per share, for a total transaction of $250,263.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

The stock has a 50-day moving average of $82.82 and a 200-day moving average of $79.21. The company has a market cap of $45.239 billion and a price-to-earnings ratio of 12.56.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.34 by $0.13. During the same quarter last year, the company posted $2.19 earnings per share. Analysts expect that Phillips 66 will post $6.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Wednesday, August 13th.

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.