Phillips 66 Reaches New 1-Year High at $87.10 (PSX)
Phillips 66 (NYSE:PSX)’s share price reached a new 52-week high on Monday , AnalystRatings.Net reports. The stock traded as high as $87.10 and last traded at $87.00, with a volume of 947,460 shares trading hands. The stock had previously closed at $86.09.
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. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $81.22.
The stock’s 50-day moving average is $82.07 and its 200-day moving average is $80.59. The company has a market cap of $48.590 billion and a price-to-earnings ratio of 13.50.
Phillips 66 (NYSE:PSX) last announced its earnings results on Wednesday, July 30th. The company reported $1.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.08 by $0.61. During the same quarter last year, the company posted $1.50 earnings per share. Analysts expect that Phillips 66 will post $6.20 EPS for the current fiscal year.
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses.
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