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Analysts’ Weekly Rating Changes for Phillips 66 (PSX)

Analysts’ Weekly Rating Changes for Phillips 66 (PSX)


Phillips 66 (NYSE:PSX) recently received a number of rating updates from brokerages and research firms:

  • 9/7/2024 – Phillips 66’s price target was lowered by Barclays PLC analysts from $142.00 to $136.00. They now have an “equal weight” rating on the stock.
  • 7/2/2024 – Phillips 66’s price target was lowered to $162.00 from $165.00 by analysts at JPMorgan Chase & Co. They now have an “overweight” rating on the stock.
  • 1/7/2024 – Phillips 66’s price target was lowered by Barclays PLC analysts from $147.00 to $142.00. They now have an “equal weight” rating on the stock.
  • 06/21/2024 – Phillips 66’s price target was lowered by analysts at TD Cowen from $164.00 to $155.00. They now have a “buy” rating on the stock.
  • 06/20/2024 – Phillips 66’s price target was lowered by Mizuho analysts from $162.00 to $160.00. They now have a “neutral” rating on the stock.
  • 06/14/2024 – Phillips 66’s price target was lowered by analysts at Piper Sandler from $170.00 to $151.00. They now have an “overweight” rating on the stock.
  • 05/30/2024 – Phillips 66’s price target was lowered by Raymond James analysts to $160.00 from $163.00. They now have an “outperform” rating on the stock.
  • 05/30/2024 – Phillips 66’s “buy” rating has been reaffirmed by Argus analysts. They currently have a $167.00 price target on the stock.
  • 05/14/2024 – Piper Sandler analysts lowered Phillips 66’s price target from $187.00 to $170.00. They now have an “overweight” rating on the stock.

Phillips 66 Stock Down 2.3%

Shares PSX It opened at $132.80 on Wednesday. The company’s current ratio is 1.17, liquidity ratio is 0.82 and debt-to-equity ratio is 0.58. Phillips 66 has a 12-month low of $98.65 and a 12-month high of $174.08. The stock’s 50-day moving average is $140.76 and a 200-day moving average is $145.12. The company’s market cap is $56.30 billion, its P/E ratio is 10.22, its PEG ratio is 2.10 and its beta is 1.34.

Phillips 66 (NYSE:PSXGet a Free Report) reported its latest-quarter earnings results on Friday, April 26. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 (by $0.15). The company had revenue of $36.44 billion for the quarter, compared to analysts’ estimates of $35.87 billion. Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. The company earned $4.21 per share in the same period a year ago. Analysts project Phillips 66 to earn $10.99 per share for the current fiscal year.

Insider Event at Phillips 66

In related news, EVP Timothy D. Roberts He sold 37,742 shares of the company’s stock in a transaction that occurred on Thursday, May 16. The shares were sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the completion of the transaction, the executive vice president now directly owns 48,365 shares of the company’s stock, valued at approximately $7,051,617. The transaction was disclosed in a regulatory filing with the Securities and Exchange Commission, which is available at: SEC websiteCompany insiders own 0.22% of the company’s shares.

Institutional Entries and Exits

Several institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new share of Phillips 66 stock in the 4th quarter worth approximately $559,435,000. Boston Partners increased its position in shares of Phillips 66 by 962.0% in the 4th quarter. Boston Partners now owns 3,858,170 shares of the oil and gas company after purchasing an additional 3,494,878 shares during the period. Bank of New York Mellon Corp increased its position in shares of Phillips 66 by 38.0% in the 1st quarter. Bank of New York Mellon Corp now owns 8,019,795 shares of the oil and gas company after purchasing an additional 2,209,043 shares during the period. International Assets Investment Management LLC purchased a new stake in Phillips 66 during the 4th quarter worth approximately $254,336,000. Finally, Wellington Management Group LLP increased its stake in Phillips 66 by 20.3% during the 4th quarter. Wellington Management Group LLP now owns 10,903,130 shares of the oil and gas company’s stock worth $1,451,643,000 after purchasing an additional 1,842,226 shares during the last quarter. 76.93% of the stock is held by institutional investors and hedge funds.

Phillips 66 operates as a power generation 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; markets refined petroleum products; provides terminal 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.

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