Phillips 66 (NYSE:PSX) PT Raised to $155.00 at Barclays

Phillips 66 (NYSE:PSX) had its price target boosted by equities research analysts at Barclays from $139.00 to $155.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the oil and gas company’s stock. Barclays‘s price objective would suggest a potential upside of 0.17% from the company’s current price.

A number of other equities research analysts have also commented on PSX. Mizuho decreased their price objective on shares of Phillips 66 from $167.00 to $162.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. StockNews.com raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Scotiabank increased their price objective on shares of Phillips 66 from $148.00 to $156.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Wells Fargo & Company increased their price objective on shares of Phillips 66 from $179.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Piper Sandler increased their price objective on shares of Phillips 66 from $169.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.00.

Phillips 66 Stock Up 0.9 %

PSX opened at $154.74 on Thursday. The firm’s 50-day simple moving average is $154.40 and its 200-day simple moving average is $135.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.26. Phillips 66 has a twelve month low of $89.74 and a twelve month high of $174.08. The firm has a market cap of $66.20 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.90 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.72. Phillips 66 had a net margin of 4.68% and a return on equity of 22.10%. The business had revenue of $38.74 billion for the quarter, compared to analyst estimates of $34.30 billion. Equities research analysts anticipate that Phillips 66 will post 13.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Phillips 66 news, EVP Richard G. Harbison sold 21,934 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $146.27, for a total transaction of $3,208,286.18. Following the sale, the executive vice president now directly owns 24,941 shares in the company, valued at approximately $3,648,120.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Phillips 66 news, EVP Richard G. Harbison sold 21,934 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $146.27, for a total transaction of $3,208,286.18. Following the sale, the executive vice president now directly owns 24,941 shares in the company, valued at approximately $3,648,120.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert W. Pease bought 682 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were bought at an average price of $146.58 per share, for a total transaction of $99,967.56. Following the completion of the acquisition, the director now directly owns 1,900 shares in the company, valued at approximately $278,502. The disclosure for this purchase can be found here. In the last three months, insiders have sold 35,056 shares of company stock worth $5,272,681. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Phillips 66

Hedge funds have recently bought and sold shares of the stock. FORVIS Wealth Advisors LLC grew its stake in shares of Phillips 66 by 2.4% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 3,534 shares of the oil and gas company’s stock worth $577,000 after acquiring an additional 83 shares in the last quarter. Everett Harris & Co. CA grew its stake in shares of Phillips 66 by 0.5% during the 1st quarter. Everett Harris & Co. CA now owns 16,478 shares of the oil and gas company’s stock worth $2,692,000 after acquiring an additional 78 shares in the last quarter. Teamwork Financial Advisors LLC grew its stake in shares of Phillips 66 by 129.6% during the 1st quarter. Teamwork Financial Advisors LLC now owns 16,203 shares of the oil and gas company’s stock worth $2,647,000 after acquiring an additional 9,147 shares in the last quarter. FCG Investment Co grew its stake in shares of Phillips 66 by 36.3% during the 1st quarter. FCG Investment Co now owns 9,122 shares of the oil and gas company’s stock worth $1,490,000 after acquiring an additional 2,427 shares in the last quarter. Finally, Amarillo National Bank grew its stake in shares of Phillips 66 by 49.5% during the 1st quarter. Amarillo National Bank now owns 2,333 shares of the oil and gas company’s stock worth $381,000 after acquiring an additional 772 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.