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

Shares of Phillips 66 (NYSE:PSX) have received a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the company, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $150.4118.

PSX has been the subject of a number of recent analyst reports. UBS Group restated a “buy” rating on shares of Phillips 66 in a research report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Phillips 66 in a research note on Wednesday, October 8th. Wolfe Research lifted their price target on Phillips 66 from $158.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Wells Fargo & Company increased their price objective on Phillips 66 from $154.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Jefferies Financial Group boosted their target price on shares of Phillips 66 from $133.00 to $137.00 and gave the stock a “hold” rating in a research report on Friday, October 10th.

Phillips 66 Stock Performance

NYSE:PSX opened at $138.27 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.23 and a quick ratio of 0.87. The firm has a market cap of $55.71 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 0.38 and a beta of 0.90. The firm’s fifty day moving average price is $136.07 and its 200 day moving average price is $132.02. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $145.68.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.14 by $0.38. The company had revenue of $33.69 billion during the quarter, compared to analysts’ expectations of $32.29 billion. Phillips 66 had a net margin of 1.12% and a return on equity of 5.53%. During the same quarter last year, the business earned $2.04 EPS. On average, sell-side analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Insider Buying and Selling

In other news, CFO Kevin J. Mitchell sold 30,000 shares of Phillips 66 stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $138.00, for a total transaction of $4,140,000.00. Following the completion of the sale, the chief financial officer directly owned 89,771 shares in the company, valued at approximately $12,388,398. This trade represents a 25.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $145.00, for a total value of $637,130.00. Following the completion of the sale, the executive vice president owned 30,193 shares in the company, valued at approximately $4,377,985. This represents a 12.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 86,094 shares of company stock valued at $11,955,366. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Phillips 66

Large investors have recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new stake in Phillips 66 in the 4th quarter valued at about $26,000. Evolution Wealth Management Inc. purchased a new stake in shares of Phillips 66 in the second quarter valued at about $25,000. Wolff Wiese Magana LLC grew its position in shares of Phillips 66 by 62.1% in the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 82 shares during the last quarter. Stephens Consulting LLC increased its stake in shares of Phillips 66 by 67.7% during the 4th quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. Finally, Dorato Capital Management acquired a new position in shares of Phillips 66 during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.