Phillips 66 (NYSE:PSX) Stock Rating Lowered by Wall Street Zen

Phillips 66 (NYSE:PSX) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other analysts also recently commented on PSX. Evercore ISI boosted their target price on Phillips 66 from $130.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. Cowen reaffirmed a “buy” rating on shares of Phillips 66 in a research note on Thursday, October 30th. Mizuho increased their price objective on shares of Phillips 66 from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. BMO Capital Markets raised their target price on shares of Phillips 66 from $152.00 to $160.00 in a report on Tuesday, November 11th. Finally, Barclays lifted their target price on shares of Phillips 66 from $132.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $148.35.

Phillips 66 Stock Down 0.1%

PSX stock opened at $128.95 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $135.84 and its 200 day moving average price is $129.90. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $144.96. The company has a market cap of $51.96 billion, a P/E ratio of 35.23, a P/E/G ratio of 0.67 and a beta of 0.92.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.14 by $0.38. The business had revenue of $33.69 billion for the quarter, compared to analyst estimates of $32.29 billion. Phillips 66 had a return on equity of 5.53% and a net margin of 1.12%.During the same quarter in the previous year, the company earned $2.04 EPS. On average, research analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Phillips 66 news, EVP Brian Mandell sold 25,500 shares of Phillips 66 stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $140.04, for a total value of $3,571,020.00. Following the completion of the sale, the executive vice president directly owned 56,838 shares of the company’s stock, valued at approximately $7,959,593.52. The trade was a 30.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $140.00, for a total value of $615,020.00. Following the completion of the transaction, the executive vice president owned 34,587 shares of the company’s stock, valued at $4,842,180. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 86,093 shares of company stock worth $11,933,256. 0.22% of the stock is owned by insiders.

Institutional Trading of Phillips 66

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSX. Evolution Wealth Management Inc. acquired a new stake in shares of Phillips 66 in the second quarter worth approximately $25,000. Wolff Wiese Magana LLC raised its stake in Phillips 66 by 62.1% during the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 82 shares during the period. Winnow Wealth LLC acquired a new position in shares of Phillips 66 in the 3rd quarter valued at $36,000. Wealth Watch Advisors INC purchased a new stake in shares of Phillips 66 during the 3rd quarter valued at $36,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Phillips 66 during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.