Phillips 66 (NYSE:PSX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Phillips 66 (NYSE:PSX) has received an average rating of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $148.00.

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised their target price on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Barclays reduced their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. StockNews.com raised shares of Phillips 66 from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd.

Phillips 66 Stock Performance

PSX stock opened at $127.39 on Friday. The company has a 50 day moving average price of $120.21 and a 200 day moving average price of $126.90. The stock has a market capitalization of $51.94 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter in the prior year, the business posted $3.09 earnings per share. Analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s payout ratio is 93.12%.

Institutional Trading of Phillips 66

Several hedge funds have recently added to or reduced their stakes in PSX. Pallas Capital Advisors LLC boosted its position in shares of Phillips 66 by 14.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 2,284 shares of the oil and gas company’s stock worth $294,000 after acquiring an additional 289 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in shares of Phillips 66 by 35.2% during the third quarter. Diversify Advisory Services LLC now owns 2,878 shares of the oil and gas company’s stock valued at $378,000 after purchasing an additional 750 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in shares of Phillips 66 by 2.5% during the third quarter. Valmark Advisers Inc. now owns 6,621 shares of the oil and gas company’s stock worth $870,000 after purchasing an additional 159 shares during the period. Mutual Advisors LLC raised its position in shares of Phillips 66 by 63.7% during the third quarter. Mutual Advisors LLC now owns 14,551 shares of the oil and gas company’s stock worth $1,870,000 after acquiring an additional 5,663 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in Phillips 66 by 0.9% in the third quarter. Pinnacle Associates Ltd. now owns 34,961 shares of the oil and gas company’s stock valued at $4,655,000 after buying an additional 306 shares during the period. 76.93% of the stock is 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.