Phillips 66 (NYSE:PSX) Given Average Recommendation of “Moderate Buy” by Brokerages

Phillips 66 (NYSE:PSX) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $148.57.

A number of equities analysts have commented on PSX shares. Mizuho reduced their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Scotiabank reduced their target price on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Morgan Stanley lowered their price target on shares of Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Wells Fargo & Company cut their price objective on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Barclays decreased their target price on Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th.

Institutional Trading of Phillips 66

Hedge funds have recently made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new stake in Phillips 66 in the second quarter valued at $26,000. nVerses Capital LLC bought a new stake in shares of Phillips 66 in the 3rd quarter valued at about $26,000. Values First Advisors Inc. acquired a new stake in shares of Phillips 66 in the third quarter valued at about $30,000. Point72 Hong Kong Ltd bought a new position in shares of Phillips 66 during the third quarter worth about $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Phillips 66 in the second quarter worth approximately $51,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Up 0.9 %

Shares of PSX stock opened at $116.26 on Thursday. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08. The stock has a market cap of $48.01 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 4.06 and a beta of 1.38. The firm’s 50-day moving average is $123.34 and its 200-day moving average is $130.77. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.63 earnings per share. Sell-side analysts predict that Phillips 66 will post 7.56 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $1.15 per share. The ex-dividend date was Monday, November 18th. This represents a $4.60 annualized dividend and a dividend yield of 3.96%. Phillips 66’s dividend payout ratio (DPR) is presently 59.05%.

Phillips 66 Company Profile

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.