Shares of Phillips 66 (NYSE: PSX) have been assigned a consensus rating of “Moderate Buy” by the sixteen research firms that are now following the stock, Bloomberg reports. Three equities research analysts have rated the stock with a hold rating, and ten have assigned a buy rating to the company. The average twelve-month price objective among brokerages that issued ratings on the stock last year is $108.29. Several equities analysts have recently commented on the company. Piper Sandler upped their target price on Phillips 66 from $119.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, May 23rd. Wells Fargo & Company increased their price target on Phillips 66 from $114.00 to $127.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 14th. Credit Suisse Group increased their price target on Phillips 66 to $122.00 in a research report on Thursday, June 9th.
Barclays increased their price target on Phillips 66 from $95.00 to $113.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 6th. Finally, Morgan Stanley boosted their price objective on Phillips 66 from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, July 15th. Phillips 66 stock opened at $88.03 on Monday. Phillips 66 has a 12-month low of $63.19 and a 12-month high of $111.28. The stock’s 50-day moving average is $86.42, and its 200-day moving average is $88.29. The company has a current ratio of 1.28, a quick ratio of 1.02, and a debt-to-equity ratio of 0.51. The company has a market capitalization of $42.35 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 0.45, and a beta of 1.39. Phillips 66 (NYSE: PSX) last posted its earnings results on Friday, July 29th. The oil and gas company reported $6.77 EPS for the quarter, beating the consensus estimate of $5.92 by $0.85. Phillips 66 had a return on equity of 29.60% and a net margin of 3.59%.
The company had revenue of $49.31 billion for the quarter, compared to the consensus estimate of $40.93 billion. During the same quarter in the prior year, the business earned $0.74 per share. The firm’s revenue for the quarter was up 76.8% on a year-over-year basis. Equities research analysts expect that Phillips 66 will post 16.22 EPS for the current year. The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. On Thursday, August 18th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Wednesday, August 17th. Phillips 66’s payout ratio is 33.42%. Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Phillips 66 by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 45,933,380 shares of the oil and gas company’s stock, valued at $3,968,184,000, after acquiring an additional 2,547,765 shares during the last quarter. BlackRock Inc. raised its position in Phillips 66 by 11.0% during the 1st quarter.
BlackRock Inc. now owns 35,037,013 shares of the oil and gas company’s stock worth $3,026,848,000 after purchasing an additional 3,462,425 shares during the last quarter.
State Street Corp raised its position in Phillips 66 by 2.7% during the 2nd quarter. State Street Corp now owns 32,668,525 shares of the oil and gas company’s stock worth $2,678,492,000 after purchasing an additional 854,076 shares during the last quarter. FMR LLC raised its position in Phillips 66 by 18.9% during the 2nd quarter. FMR LLC now owns 10,264,690 shares of the oil and gas company’s stock worth $841,602,000 after purchasing an additional 1,634,573 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Phillips 66 by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 8,189,974 shares of the oil and gas company’s stock worth $591,925,000 after purchasing an additional 535,197 shares during the last quarter. Institutional investors currently own 71.42% of the stock.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S) (M&S) (M&S) (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.