Phillips 66 (NYSE:PSX) Stock Rating Lowered by StockNews.com

Phillips 66 (NYSE:PSX) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts have also commented on PSX. JPMorgan Chase & Co. upped their price target on Phillips 66 from $149.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Barclays upped their price target on Phillips 66 from $139.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, April 18th. Bank of America upped their target price on Phillips 66 from $150.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. The Goldman Sachs Group upped their target price on Phillips 66 from $152.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, Scotiabank upped their target price on Phillips 66 from $148.00 to $156.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Phillips 66 has a consensus rating of “Moderate Buy” and an average price target of $158.00.

Phillips 66 Price Performance

Shares of PSX opened at $151.52 on Friday. Phillips 66 has a 12-month low of $89.74 and a 12-month high of $174.08. The business has a 50-day simple moving average of $155.55 and a two-hundred day simple moving average of $136.88. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 0.56. The stock has a market cap of $64.82 billion, a PE ratio of 9.79, a PEG ratio of 1.91 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.70). Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. During the same period last year, the firm posted $4.21 earnings per share. Analysts anticipate that Phillips 66 will post 13.77 earnings per share for the current fiscal year.

Insider Transactions at Phillips 66

In related news, Director Robert W. Pease acquired 682 shares of the stock in a transaction dated Thursday, February 15th. The stock was purchased at an average cost of $146.58 per share, with a total value of $99,967.56. Following the completion of the purchase, the director now directly owns 1,900 shares in the company, valued at approximately $278,502. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other Phillips 66 news, Director Robert W. Pease purchased 682 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was bought at an average cost of $146.58 per share, with a total value of $99,967.56. Following the completion of the transaction, 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 accessible through this hyperlink. Also, EVP Richard G. Harbison sold 21,934 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $146.27, for a total value of $3,208,286.18. Following the sale, the executive vice president now directly owns 24,941 shares of the company’s stock, valued at $3,648,120.07. The disclosure for this sale can be found here. Insiders sold a total of 35,056 shares of company stock valued at $5,272,681 over the last ninety days. 0.22% of the stock is currently owned by insiders.

Institutional Trading of Phillips 66

A number of institutional investors and hedge funds have recently modified their holdings of the business. MBA Advisors LLC bought a new position in Phillips 66 during the first quarter valued at $215,000. Northwest Bancshares Inc. bought a new position in Phillips 66 during the first quarter valued at $223,000. YHB Investment Advisors Inc. grew its holdings in Phillips 66 by 3.8% during the first quarter. YHB Investment Advisors Inc. now owns 13,299 shares of the oil and gas company’s stock valued at $2,172,000 after purchasing an additional 485 shares during the period. First National Trust Co grew its holdings in Phillips 66 by 15.8% during the first quarter. First National Trust Co now owns 10,741 shares of the oil and gas company’s stock valued at $1,754,000 after purchasing an additional 1,467 shares during the period. Finally, Members Trust Co bought a new position in Phillips 66 during the first quarter valued at $218,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

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.