Phillips 66 (NYSE:PSX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Phillips 66 (NYSE:PSX) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $147.93.

PSX has been the subject of a number of analyst reports. Bank of America initiated coverage on shares of Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 target price for the company. JPMorgan Chase & Co. reduced their price target on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Mizuho dropped their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wells Fargo & Company reduced their target price on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Finally, Barclays lowered their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday.

Hedge Funds Weigh In On Phillips 66

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. J2 Capital Management Inc acquired a new position in shares of Phillips 66 during the fourth quarter worth about $478,000. Aaron Wealth Advisors LLC boosted its position in Phillips 66 by 13.1% during the 4th quarter. Aaron Wealth Advisors LLC now owns 3,635 shares of the oil and gas company’s stock worth $414,000 after acquiring an additional 420 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of Phillips 66 by 14.0% during the 4th quarter. HB Wealth Management LLC now owns 22,539 shares of the oil and gas company’s stock worth $2,568,000 after acquiring an additional 2,768 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of Phillips 66 by 3.4% in the fourth quarter. Trust Co. of Vermont now owns 4,780 shares of the oil and gas company’s stock valued at $545,000 after purchasing an additional 157 shares during the last quarter. Finally, Verity & Verity LLC lifted its position in shares of Phillips 66 by 33.6% in the fourth quarter. Verity & Verity LLC now owns 90,260 shares of the oil and gas company’s stock worth $10,283,000 after purchasing an additional 22,719 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Trading Up 1.5 %

Shares of PSX opened at $119.04 on Thursday. The stock’s fifty day simple moving average is $122.91 and its 200-day simple moving average is $130.03. The firm has a market capitalization of $49.16 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 3.17 and a beta of 1.38. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same period in the prior year, the company posted $4.63 EPS. The company’s revenue was down 10.3% compared to the same quarter last year. As a group, research analysts predict that Phillips 66 will post 7.22 earnings per share for the current year.

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.