A number of other research analysts have also recently weighed in on PSX. Wells Fargo & Co boosted their price target on Phillips 66 from $130.00 to $132.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Evercore ISI assumed coverage on Phillips 66 in a research note on Wednesday, October 2nd. They set an “outperform” rating for the company. JPMorgan Chase & Co. cut their price objective on Phillips 66 from $126.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. Scotiabank began coverage on Phillips 66 in a research note on Tuesday, September 3rd. They issued an “outperform” rating on the stock. Finally, Raymond James lifted their price objective on Phillips 66 from $117.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $119.80.
Shares of PSX traded down $1.58 during mid-day trading on Tuesday, reaching $112.75. The company had a trading volume of 4,596,195 shares, compared to its average volume of 2,617,612. Phillips 66 has a fifty-two week low of $78.44 and a fifty-two week high of $119.92. The firm has a fifty day simple moving average of $115.03 and a 200-day simple moving average of $100.81. The stock has a market cap of $50.11 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.11. The company has a current ratio of 1.29, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41.
In other Phillips 66 news, EVP Robert A. Herman sold 47,433 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $103.17, for a total value of $4,893,662.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Chukwuemeka A. Oyolu sold 464 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $119.53, for a total value of $55,461.92. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Advisors Preferred LLC purchased a new stake in Phillips 66 during the 2nd quarter worth $25,000. TRUE Private Wealth Advisors purchased a new stake in shares of Phillips 66 during the second quarter worth about $26,000. Atwater Malick LLC purchased a new stake in shares of Phillips 66 during the third quarter worth about $27,000. Coastal Capital Group Inc. purchased a new stake in shares of Phillips 66 during the second quarter worth about $37,000. Finally, Heritage Wealth Advisors lifted its stake in shares of Phillips 66 by 68.5% in the second quarter. Heritage Wealth Advisors now owns 401 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 163 shares in the last quarter. 68.42% of the stock is owned by institutional investors.
Phillips 66 Company Profile
Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market; provides terminaling and storage services for crude oil and 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.
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