Share on StockTwits

Shares of Phillips 66 (NYSE:PSX) have received an average rating of “Buy” from the fourteen brokerages that are covering the stock, AR Network reports. Five analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $81.22.

PSX has been the subject of a number of recent research reports. Analysts at Howard Weil upgraded shares of Phillips 66 to a “sector outperform” rating in a research note on Friday, July 25th. Separately, analysts at Citigroup Inc. raised their price target on shares of Phillips 66 from $84.00 to $88.00 in a research note on Friday, July 11th. They now have a “neutral” rating on the stock. Finally, 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.

Phillips 66 (NYSE:PSX) opened at 82.39 on Tuesday. Phillips 66 has a one year low of $54.90 and a one year high of $87.05. The stock’s 50-day moving average is $81.3 and its 200-day moving average is $79.96. The company has a market cap of $46.047 billion and a price-to-earnings ratio of 12.92.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by $0.61. During the same quarter in the previous year, the company posted $1.50 earnings per share. On average, analysts predict that Phillips 66 will post $6.19 earnings per share 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 2.43%. 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.