UBS Group Issues Positive Forecast for Phillips 66 (NYSE:PSX) Stock Price

Phillips 66 (NYSE:PSX) had its price objective boosted by stock analysts at UBS Group from $172.00 to $212.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the oil and gas company’s stock. UBS Group’s target price indicates a potential upside of 20.48% from the company’s previous close.

A number of other research analysts have also weighed in on PSX. Raymond James Financial lifted their price objective on shares of Phillips 66 from $175.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, March 25th. Wall Street Zen upgraded shares of Phillips 66 from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 14th. JPMorgan Chase & Co. dropped their price target on shares of Phillips 66 from $154.00 to $151.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Mizuho boosted their price objective on Phillips 66 from $152.00 to $170.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Finally, The Goldman Sachs Group increased their price objective on Phillips 66 from $168.00 to $186.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and an average target price of $171.78.

Phillips 66 Stock Up 0.2%

Shares of PSX stock traded up $0.32 on Thursday, reaching $175.96. 1,867,103 shares of the company were exchanged, compared to its average volume of 3,088,483. The company has a market cap of $70.51 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 0.34 and a beta of 0.76. The company has a 50-day moving average of $161.72 and a 200-day moving average of $144.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91. Phillips 66 has a one year low of $91.01 and a one year high of $190.61.

Phillips 66 (NYSE:PSX) last issued its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.32. The business had revenue of $32.16 billion during the quarter, compared to analyst estimates of $33.81 billion. Phillips 66 had a return on equity of 9.13% and a net margin of 3.22%.During the same period in the previous year, the company posted ($0.15) EPS. Analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Insider Activity at Phillips 66

In related news, EVP Don Baldridge sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $160.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the executive vice president owned 38,488 shares in the company, valued at approximately $6,158,080. This trade represents a 16.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of Phillips 66 stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $150.00, for a total transaction of $659,100.00. Following the completion of the sale, the executive vice president directly owned 25,799 shares in the company, valued at approximately $3,869,850. This represents a 14.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 100,317 shares of company stock valued at $17,036,749 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Phillips 66

Several institutional investors have recently bought and sold shares of PSX. Board of the Pension Protection Fund purchased a new position in shares of Phillips 66 during the 4th quarter valued at $26,000. Accordant Advisory Group Inc raised its stake in Phillips 66 by 900.0% in the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 180 shares during the period. SWAN Capital LLC lifted its holdings in Phillips 66 by 1,055.6% during the fourth quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 190 shares during the last quarter. Evolution Wealth Management Inc. purchased a new stake in Phillips 66 during the second quarter valued at about $25,000. Finally, Eagle Bay Advisors LLC bought a new position in Phillips 66 during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Trending Headlines about Phillips 66

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Analysts raising price targets and ratings — TD Cowen boosted its price target to $213 and kept a Buy rating; Wells Fargo raised its target to $201, both implying meaningful upside from current levels. TD Cowen raises PT / MarketScreener Wells Fargo raises PT
• Positive Sentiment: Strong earnings outlook — previews suggest Phillips 66 could deliver another beat: Zacks highlights the company’s history of surprises and the right setup for another beat, and Barchart notes analysts expect large (triple?digit) YoY bottom?line growth for Q1. Upcoming earnings are a likely near?term catalyst. Zacks: Will PSX beat estimates? Barchart: Q1 expectations
• Positive Sentiment: Solid multi?month rally and fundamentals — media notes PSX has climbed substantially over the past year (cited ~46% surge in some coverage), which supports higher analyst targets but also raises profit?taking risk. Blockonomi: stock surge context
• Neutral Sentiment: Reports noting the recent price dip — several outlets recap that PSX moved down while broader markets rose; these are market?movement summaries rather than new fundamentals. Yahoo Finance: Stock dips while market gains
• Negative Sentiment: Material insider selling — CFO Kevin J. Mitchell sold 15,629 shares (~$2.97M) and reduced his holding by ~13.8% per the SEC filing; broader insider selling has been reported, which can signal profit?taking or raise governance/near?term sentiment concerns. SEC Form 4 (Mitchell sale) InsiderTrades coverage
• Negative Sentiment: Near?term weakness from profit?taking — repeated press coverage of insider sales and the recent pullback likely reflects short?term selling after a strong run; this is weighing on price even as fundamentals and analyst views remain supportive. Yahoo: Insiders sold

About Phillips 66

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.