Research Analysts’ Recent Ratings Changes for Phillips 66 (PSX)

A number of research firms have changed their ratings and price targets for Phillips 66 (NYSE: PSX):

  • 2/6/2018 – Phillips 66 had its price target lowered by analysts at Citigroup Inc from $110.00 to $103.00. They now have a “neutral” rating on the stock.
  • 1/30/2018 – Phillips 66 had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $106.00 price target on the stock.
  • 1/24/2018 – Phillips 66 had its price target raised by analysts at Citigroup Inc from $90.00 to $110.00. They now have a “neutral” rating on the stock.
  • 1/22/2018 – Phillips 66 had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $115.00 price target on the stock.
  • 1/11/2018 – Phillips 66 had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 1/10/2018 – Phillips 66 had its “sell” rating reaffirmed by analysts at Barclays PLC. They now have a $111.00 price target on the stock.
  • 1/10/2018 – Phillips 66 had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $112.00 price target on the stock.
  • 1/3/2018 – Phillips 66 is now covered by analysts at Credit Suisse Group AG. They set a “neutral” rating and a $108.00 price target on the stock.
  • 12/20/2017 – Phillips 66 had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $102.00 price target on the stock.
  • 12/18/2017 – Phillips 66 was upgraded by analysts at Goldman Sachs Group Inc to a “buy” rating.

Shares of Phillips 66 (NYSE PSX) traded up $1.52 during midday trading on Monday, hitting $94.12. The stock had a trading volume of 850,023 shares, compared to its average volume of 2,083,416. Phillips 66 has a 52 week low of $75.14 and a 52 week high of $107.47. The company has a quick ratio of 0.86, a current ratio of 1.31 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $46,485.20, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 1.51 and a beta of 1.11.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.21. The company had revenue of $30.12 billion during the quarter, compared to analyst estimates of $30.71 billion. Phillips 66 had a return on equity of 9.52% and a net margin of 4.88%. During the same quarter in the previous year, the firm earned $0.16 earnings per share. analysts anticipate that Phillips 66 will post 7.23 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be given a $0.70 dividend. The ex-dividend date is Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.97%. Phillips 66’s payout ratio is 28.20%.

In related news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $100.25, for a total value of $270,675.00. Following the completion of the sale, the vice president now owns 2,700 shares in the company, valued at approximately $270,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company’s stock.

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.

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