Phillips 66 (NYSE:PSX) has received a consensus rating of “Hold” from the twenty-one analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $103.59.
Several equities analysts have recently weighed in on the company. Citigroup raised their price objective on Phillips 66 from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Piper Jaffray Companies restated a “buy” rating and issued a $115.00 price objective on shares of Phillips 66 in a report on Monday, January 22nd. Royal Bank of Canada reiterated a “hold” rating and set a $106.00 price target on shares of Phillips 66 in a report on Tuesday, January 30th. Morgan Stanley reiterated an “equal weight” rating on shares of Phillips 66 in a report on Thursday, January 11th. Finally, Credit Suisse Group started coverage on shares of Phillips 66 in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $108.00 price objective for the company.
Phillips 66 (NYSE:PSX) traded up $0.72 during mid-day trading on Wednesday, hitting $95.91. The stock had a trading volume of 1,776,360 shares, compared to its average volume of 2,498,635. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.42. The firm has a market cap of $44,406.14, a P/E ratio of 9.66, a P/E/G ratio of 1.55 and a beta of 1.18. Phillips 66 has a one year low of $75.14 and a one year high of $107.47.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, February 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.92%. Phillips 66’s dividend payout ratio is currently 28.20%.
In related news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $100.25, for a total value of $270,675.00. Following the sale, the vice president now owns 2,700 shares in the company, valued at approximately $270,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors lifted its stake in Phillips 66 by 7.7% in the 3rd quarter. Nationwide Fund Advisors now owns 338,816 shares of the oil and gas company’s stock worth $31,039,000 after purchasing an additional 24,318 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Phillips 66 in the 3rd quarter worth $11,568,000. Mosaic Family Wealth LLC boosted its stake in shares of Phillips 66 by 30.7% during the 3rd quarter. Mosaic Family Wealth LLC now owns 10,212 shares of the oil and gas company’s stock valued at $936,000 after purchasing an additional 2,401 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Phillips 66 by 4.2% during the 3rd quarter. Victory Capital Management Inc. now owns 126,467 shares of the oil and gas company’s stock valued at $11,585,000 after purchasing an additional 5,057 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC raised its holdings in Phillips 66 by 18.6% in the third quarter. YorkBridge Wealth Partners LLC now owns 5,288 shares of the oil and gas company’s stock worth $484,000 after buying an additional 828 shares during the last quarter. Institutional investors own 76.86% of the company’s stock.
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Phillips 66 Company Profile
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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