Phillips 66 (NYSE:PSX) has received a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $82.69.
A number of research analysts have recently weighed in on PSX shares. Credit Suisse Group AG lifted their price target on Phillips 66 from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, January 26th. Citigroup Inc upgraded Phillips 66 from a “neutral” rating to a “buy” rating in a report on Wednesday, January 25th. Mizuho lifted their price target on Phillips 66 from $55.00 to $63.00 and gave the company a “buy” rating in a report on Monday, February 6th. TheStreet downgraded Phillips 66 from a “b” rating to a “c+” rating in a report on Thursday, January 12th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $88.00 price target on shares of Phillips 66 in a report on Thursday, January 5th.
Phillips 66 (NYSE:PSX) traded down 0.01% during midday trading on Monday, hitting $77.26. The stock had a trading volume of 1,481,105 shares. Phillips 66 has a 12-month low of $73.67 and a 12-month high of $89.31. The company’s 50-day moving average price is $78.83 and its 200 day moving average price is $81.64. The stock has a market cap of $40.01 billion, a P/E ratio of 26.42 and a beta of 1.33.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, February 3rd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.23. Phillips 66 had a net margin of 1.81% and a return on equity of 6.24%. During the same period in the previous year, the company posted $1.31 EPS. On average, equities research analysts predict that Phillips 66 will post $4.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st were given a dividend of $0.63 per share. The ex-dividend date was Thursday, February 16th. This represents a $2.52 dividend on an annualized basis and a yield of 3.26%. Phillips 66’s payout ratio is 86.30%.
A number of hedge funds have recently added to or reduced their stakes in PSX. Williams Jones & Associates LLC boosted its stake in shares of Phillips 66 by 15.4% in the second quarter. Williams Jones & Associates LLC now owns 2,997 shares of the company’s stock worth $238,000 after buying an additional 400 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of Phillips 66 by 11.3% in the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 49,435 shares of the company’s stock worth $3,982,000 after buying an additional 5,035 shares in the last quarter. Curbstone Financial Management Corp boosted its stake in shares of Phillips 66 by 40.1% in the third quarter. Curbstone Financial Management Corp now owns 11,704 shares of the company’s stock worth $943,000 after buying an additional 3,350 shares in the last quarter. New England Research & Management Inc. boosted its stake in shares of Phillips 66 by 5.8% in the third quarter. New England Research & Management Inc. now owns 5,500 shares of the company’s stock worth $443,000 after buying an additional 300 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. boosted its stake in shares of Phillips 66 by 29.7% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 3,840 shares of the company’s stock worth $310,000 after buying an additional 879 shares in the last quarter. 69.07% of the stock is owned by hedge funds and other institutional investors.
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 its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.
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