Phillips 66 (NYSE:PSX) has been assigned a consensus rating of “Hold” from the twenty research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $100.88.
PSX has been the subject of a number of research analyst reports. UBS Group raised their price objective on shares of Phillips 66 from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, November 15th. Vetr downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 price objective for the company. in a report on Thursday, November 2nd. Goldman Sachs Group upgraded shares of Phillips 66 to a “buy” rating in a report on Monday, December 18th. Jefferies Group downgraded shares of Phillips 66 from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $95.00 to $75.14 in a report on Monday, October 16th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $91.00 price objective (up previously from $84.00) on shares of Phillips 66 in a report on Tuesday, October 17th.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $100.25, for a total transaction of $270,675.00. Following the completion of the transaction, the vice president now owns 2,700 shares in the company, valued at $270,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.
Shares of Phillips 66 (PSX) traded up $0.14 during mid-day trading on Friday, hitting $92.60. 2,680,000 shares of the stock traded hands, compared to its average volume of 2,040,000. Phillips 66 has a 52 week low of $75.14 and a 52 week high of $107.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 1.31. The stock has a market capitalization of $46,920.00, a P/E ratio of 23.32, a P/E/G ratio of 1.50 and a beta of 1.11.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.21. Phillips 66 had a net margin of 4.88% and a return on equity of 9.52%. The business had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $30.71 billion. During the same quarter last year, the company posted $0.16 earnings per share. equities research analysts predict that Phillips 66 will post 7.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. Phillips 66’s dividend payout ratio is presently 70.53%.
Phillips 66 Company Profile
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.