Phillips 66 Given Consensus Recommendation of “Buy” by Brokerages (NYSE:PSX)
Shares of Phillips 66 (NYSE:PSX) have earned a consensus rating of “Buy” from the fourteen brokerages that are covering the company, StockRatingsNetwork reports. Five equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $81.22.
Shares of Phillips 66 (NYSE:PSX) opened at 83.79 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 $81.34 and its 200-day moving average is $80.1. The company has a market cap of $46.829 billion and a price-to-earnings ratio of 13.12.
Phillips 66 (NYSE:PSX) last released its 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. Analysts expect that Phillips 66 will post $6.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders 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 2.39%. The ex-dividend date is Wednesday, August 13th.
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 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses.
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