Phillips 66 (NYSE:PSX) Price Target Increased to $155.00 by Analysts at Barclays

Phillips 66 (NYSE:PSX - Get Free Report) had its target price boosted by investment analysts at Barclays from $139.00 to $155.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an "equal weight" rating on the oil and gas company's stock. Barclays's target price suggests a potential upside of 1.10% from the company's current price.

A number of other analysts have also commented on PSX. Piper Sandler boosted their price target on shares of Phillips 66 from $169.00 to $187.00 and gave the company an "overweight" rating in a research note on Friday, April 5th. JPMorgan Chase & Co. boosted their price target on shares of Phillips 66 from $149.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday, April 1st. Scotiabank boosted their price target on shares of Phillips 66 from $148.00 to $156.00 and gave the company a "sector outperform" rating in a research note on Thursday, April 11th. Bank of America boosted their price target on shares of Phillips 66 from $150.00 to $180.00 and gave the company a "neutral" rating in a research note on Friday, March 15th. Finally, The Goldman Sachs Group upped their target price on shares of Phillips 66 from $152.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, March 22nd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Phillips 66 has an average rating of "Moderate Buy" and an average target price of $158.00.

Phillips 66 Trading Down 2.5 %

Shares of NYSE:PSX traded down $3.94 during mid-day trading on Thursday, hitting $153.31. The company had a trading volume of 2,347,096 shares, compared to its average volume of 3,015,383. The firm has a fifty day moving average price of $154.22 and a 200 day moving average price of $135.06. The company has a market capitalization of $65.59 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.99 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 1.02. Phillips 66 has a one year low of $89.74 and a one year high of $174.08.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The oil and gas company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.72. The company had revenue of $38.74 billion during the quarter, compared to analyst estimates of $34.30 billion. Phillips 66 had a net margin of 4.68% and a return on equity of 22.10%. As a group, research analysts forecast that Phillips 66 will post 13.2 EPS for the current year.

Insider Buying and Selling

In related news, EVP Richard G. Harbison sold 21,934 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $146.27, for a total value of $3,208,286.18. Following the transaction, the executive vice president now directly owns 24,941 shares of the company's stock, valued at approximately $3,648,120.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Phillips 66 news, EVP Richard G. Harbison sold 21,934 shares of the company's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $146.27, for a total transaction of $3,208,286.18. Following the sale, the executive vice president now directly owns 24,941 shares of the company's stock, valued at $3,648,120.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Joseph Scott Pruitt sold 7,200 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $157.26, for a total transaction of $1,132,272.00. Following the sale, the vice president now directly owns 6,583 shares in the company, valued at $1,035,242.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,056 shares of company stock valued at $5,272,681. 0.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Phillips 66

Several institutional investors have recently added to or reduced their stakes in the business. Madison Park Capital Advisors LLC lifted its holdings in Phillips 66 by 3.0% during the first quarter. Madison Park Capital Advisors LLC now owns 2,346 shares of the oil and gas company's stock valued at $383,000 after purchasing an additional 68 shares during the last quarter. Warwick Investment Management Inc. increased its position in shares of Phillips 66 by 3.1% during the fourth quarter. Warwick Investment Management Inc. now owns 2,395 shares of the oil and gas company's stock valued at $319,000 after buying an additional 73 shares during the period. MV Capital Management Inc. increased its position in shares of Phillips 66 by 9.6% during the first quarter. MV Capital Management Inc. now owns 837 shares of the oil and gas company's stock valued at $137,000 after buying an additional 73 shares during the period. HCR Wealth Advisors increased its position in shares of Phillips 66 by 2.9% during the fourth quarter. HCR Wealth Advisors now owns 2,640 shares of the oil and gas company's stock valued at $351,000 after buying an additional 74 shares during the period. Finally, Nvwm LLC increased its position in shares of Phillips 66 by 0.9% during the fourth quarter. Nvwm LLC now owns 8,286 shares of the oil and gas company's stock valued at $1,103,000 after buying an additional 75 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (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.