Phillips 66 (NYSE:PSX) PT Lowered to $147.00

Phillips 66 (NYSE:PSX) had its price objective reduced by equities research analysts at Barclays from $155.00 to $147.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the oil and gas company’s stock. Barclays‘s price target would suggest a potential upside of 4.87% from the company’s current price.

Several other equities research analysts have also issued reports on PSX. Mizuho lowered their price objective on Phillips 66 from $167.00 to $162.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Bank of America raised their target price on shares of Phillips 66 from $150.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. StockNews.com downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Raymond James raised their price objective on shares of Phillips 66 from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Citigroup started coverage on Phillips 66 in a research note on Wednesday, January 24th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.43.

Phillips 66 Trading Down 2.1 %

PSX stock opened at $140.17 on Tuesday. The firm has a fifty day moving average price of $155.67 and a 200 day moving average price of $137.76. Phillips 66 has a fifty-two week low of $89.74 and a fifty-two week high of $174.08. The firm has a market cap of $59.97 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.26.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). The business had revenue of $36.44 billion during the quarter, compared to analysts’ expectations of $35.87 billion. Phillips 66 had a return on equity of 19.07% and a net margin of 3.84%. During the same period in the previous year, the business earned $4.21 earnings per share. Sell-side analysts anticipate that Phillips 66 will post 13.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Phillips 66

In other news, VP Joseph Scott Pruitt sold 5,922 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $157.40, for a total value of $932,122.80. Following the completion of the sale, the vice president now owns 6,583 shares of the company’s stock, valued at approximately $1,036,164.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert W. Pease bought 682 shares of Phillips 66 stock in a transaction on Thursday, February 15th. The stock was acquired at an average cost of $146.58 per share, for a total transaction of $99,967.56. Following the completion of the acquisition, the director now owns 1,900 shares of the company’s stock, valued at approximately $278,502. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Joseph Scott Pruitt sold 5,922 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $157.40, for a total transaction of $932,122.80. Following the completion of the sale, the vice president now owns 6,583 shares in the company, valued at $1,036,164.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,056 shares of company stock valued at $5,272,681. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Phillips 66

Several institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its stake in Phillips 66 by 12.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 201,592 shares of the oil and gas company’s stock worth $26,501,000 after buying an additional 22,278 shares during the last quarter. Eldred Rock Partners LLC acquired a new position in shares of Phillips 66 during the fourth quarter valued at about $10,402,000. Choate Investment Advisors purchased a new position in shares of Phillips 66 in the 3rd quarter valued at approximately $247,000. First Dallas Securities Inc. acquired a new stake in Phillips 66 in the 3rd quarter worth approximately $753,000. Finally, TIAA Trust National Association grew its position in Phillips 66 by 32.9% during the 4th quarter. TIAA Trust National Association now owns 14,816 shares of the oil and gas company’s stock worth $1,973,000 after purchasing an additional 3,670 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

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.