Shares of Phillips 66 (NYSE:PSX) have been assigned a consensus rating of “Hold” from the twenty-one analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $95.29.
PSX has been the topic of a number of recent research reports. Cowen reissued a “buy” rating and issued a $101.00 target price on shares of Phillips 66 in a report on Tuesday, October 17th. Vetr upgraded Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price target for the company in a research report on Monday, October 16th. Zacks Investment Research upgraded Phillips 66 from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Tuesday, October 10th. Goldman Sachs Group upgraded Phillips 66 from a “neutral” rating to a “buy” rating and upped their price target for the stock from $88.00 to $109.00 in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $98.00 price target on shares of Phillips 66 in a research report on Tuesday, September 26th.
In related news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $100.25, for a total transaction of $270,675.00. Following the completion of the sale, the vice president now owns 2,700 shares in the company, valued at $270,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.
Phillips 66 (NYSE PSX) traded up $0.34 during mid-day trading on Tuesday, reaching $105.63. The company’s stock had a trading volume of 1,630,495 shares, compared to its average volume of 1,229,513. Phillips 66 has a 52 week low of $75.14 and a 52 week high of $106.91. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 1.31. The company has a market capitalization of $54,030.90, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 1.59 and a beta of 1.24.
Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, October 27th. The oil and gas company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Phillips 66 had a return on equity of 7.58% and a net margin of 2.11%. The company had revenue of $26.21 billion for the quarter, compared to the consensus estimate of $29.94 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. sell-side analysts anticipate that Phillips 66 will post 4.28 EPS for the current year.
Phillips 66 announced that its board has initiated a stock repurchase program on Monday, October 9th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
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 through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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