A number of research firms have changed their ratings and price targets for Phillips 66 (NYSE: PSX):

  • 11/27/2017 – Phillips 66 was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $97.16 price target on the stock.
  • 11/21/2017 – Phillips 66 was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $97.16 price target on the stock.
  • 11/15/2017 – Phillips 66 had its price target raised by analysts at UBS AG from $85.00 to $92.00. They now have a “neutral” rating on the stock.
  • 11/14/2017 – Phillips 66 was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $100.00 price target on the stock, up previously from $95.00.
  • 11/13/2017 – Phillips 66 was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $97.16 price target on the stock.
  • 11/13/2017 – Phillips 66 was given a new $93.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 11/2/2017 – Phillips 66 was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $97.16 price target on the stock.
  • 10/30/2017 – Phillips 66 had its price target raised by analysts at J P Morgan Chase & Co from $93.00 to $95.00. They now have a “neutral” rating on the stock.
  • 10/17/2017 – Phillips 66 had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $91.00 price target on the stock, up previously from $84.00.
  • 10/17/2017 – Phillips 66 had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $101.00 price target on the stock.
  • 10/16/2017 – Phillips 66 was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $97.16 price target on the stock.
  • 10/16/2017 – Phillips 66 was downgraded by analysts at Jefferies Group LLC from a “hold” rating to an “underperform” rating. They now have a $75.14 price target on the stock, down previously from $95.00.
  • 10/12/2017 – Phillips 66 was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In terms of size, efficiency and strength, Phillips 66 is a leading player in each operational segment – refining, chemicals and midstream. The company is working on fortifying its position by streamlining its asset portfolio and investing extensively. We appreciate Phillips 66’s intention to allocate money to higher margin business units like Midstream and Chemicals instead of extensive refining and marketing operations. However, exponential increase in debt since the beginning of 2012 is a serious concern. As of the end of Jun 2017, the company’s balance sheet had only $2.2 billion of cash balance, while total debt of $10 billion is significantly higher.”
  • 10/12/2017 – Phillips 66 had its “buy” rating reaffirmed by analysts at Argus. They now have a $108.00 price target on the stock, up previously from $96.00.
  • 10/10/2017 – Phillips 66 was given a new $95.00 price target on by analysts at Barclays PLC. They now have an “equal weight” rating on the stock.
  • 10/10/2017 – Phillips 66 was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $105.00 price target on the stock. According to Zacks, “In terms of size, efficiency and strength, Phillips 66 is a leading player in each operational segment – refining, chemicals and midstream. The company is working on fortifying its position by streamlining its asset portfolio and investing extensively. We appreciate Phillips 66’s intention to allocate money to higher margin business units like Midstream and Chemicals instead of extensive refining and marketing operations. The refiner's diversified presence across the U.S. supported by extensive transportation and logistics assets domestic, Canadian and international sources is noteworthy. Moreover, the company’s balanced approach to capital allocation scores high in this highly volatile commodity price environment. Phillips 66 has made significant investments for its business growth and also returned considerable amounts of cash to shareholders.”
  • 10/3/2017 – Phillips 66 was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating. They now have a $109.00 price target on the stock, up previously from $88.00.

Shares of Phillips 66 (PSX) traded up $0.86 during trading hours on Thursday, hitting $94.91. The company’s stock had a trading volume of 2,004,100 shares, compared to its average volume of 2,202,875. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $95.04. The firm has a market capitalization of $48,107.59, a PE ratio of 27.10, a P/E/G ratio of 2.42 and a beta of 1.20. The company has a quick ratio of 0.86, a current ratio of 1.31 and a debt-to-equity ratio of 0.40.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Phillips 66 had a return on equity of 7.58% and a net margin of 2.11%. The company had revenue of $26.21 billion during the quarter, compared to analysts’ expectations of $29.94 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. equities analysts forecast that Phillips 66 will post 4.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, October 17th will be given a $0.70 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.95%. Phillips 66’s dividend payout ratio is currently 70.18%.

In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 1,151 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $89.08, for a total value of $102,531.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.

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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