Phillips 66 (NYSE:PSX) Downgraded to Sell Rating by StockNews.com

Phillips 66 (NYSE:PSX) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Other equities research analysts also recently issued research reports about the company. Mizuho dropped their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bank of America started coverage on shares of Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target on the stock. Barclays reduced their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. Finally, UBS Group cut their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Phillips 66 has an average rating of “Moderate Buy” and an average target price of $148.00.

Phillips 66 Price Performance

Shares of PSX opened at $125.70 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The company has a 50 day moving average price of $118.83 and a 200-day moving average price of $127.55. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. The stock has a market capitalization of $51.91 billion, a PE ratio of 25.44, a PEG ratio of 5.64 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the previous year, the business posted $3.09 EPS. Equities analysts predict that Phillips 66 will post 7.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Phillips 66

A number of institutional investors and hedge funds have recently modified their holdings of PSX. Fairfield Bush & CO. increased its holdings in Phillips 66 by 4.1% in the 4th quarter. Fairfield Bush & CO. now owns 9,334 shares of the oil and gas company’s stock worth $1,063,000 after buying an additional 370 shares during the period. Farringdon Capital Ltd. purchased a new position in shares of Phillips 66 during the fourth quarter worth $576,000. Demars Financial Group LLC lifted its position in Phillips 66 by 10,390.0% during the fourth quarter. Demars Financial Group LLC now owns 446,036 shares of the oil and gas company’s stock valued at $50,817,000 after purchasing an additional 441,784 shares during the period. MSH Capital Advisors LLC acquired a new position in Phillips 66 during the fourth quarter valued at $382,000. Finally, Master S Wealth Management Inc. purchased a new stake in Phillips 66 in the fourth quarter valued at $272,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

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.