Phillips 66 (NYSE:PSX) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Phillips 66 (NYSE:PSX - Get Free Report) have been given an average recommendation of "Moderate Buy" by the fourteen analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $157.31.

A number of analysts have recently weighed in on PSX shares. Bank of America boosted their price objective on shares of Phillips 66 from $150.00 to $180.00 and gave the stock a "neutral" rating in a research note on Friday, March 15th. Barclays boosted their price objective on shares of Phillips 66 from $132.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, February 5th. Piper Sandler boosted their price objective on shares of Phillips 66 from $169.00 to $187.00 and gave the stock an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Phillips 66 from $149.00 to $167.00 and gave the stock an "overweight" rating in a research note on Monday, April 1st. Finally, Mizuho boosted their price objective on shares of Phillips 66 from $135.00 to $167.00 and gave the stock a "neutral" rating in a research note on Friday, March 22nd.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, VP Joseph Scott Pruitt sold 7,200 shares of the business's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $157.26, for a total value of $1,132,272.00. Following the sale, the vice president now owns 6,583 shares of the company's stock, valued at approximately $1,035,242.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other 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 value of $3,208,286.18. Following the sale, the executive vice president now owns 24,941 shares of the company's stock, valued at approximately $3,648,120.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $157.26, for a total transaction of $1,132,272.00. Following the completion of the sale, the vice president now directly owns 6,583 shares in the company, valued at approximately $1,035,242.58. The disclosure for this sale can be found here. Insiders have sold 35,056 shares of company stock valued at $5,272,681 in the last 90 days. 4.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Phillips 66

Large investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Phillips 66 by 12.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 201,592 shares of the oil and gas company's stock worth $26,501,000 after purchasing an additional 22,278 shares during the last quarter. Eldred Rock Partners LLC bought a new stake in Phillips 66 during the 4th quarter worth about $10,402,000. Choate Investment Advisors bought a new stake in Phillips 66 during the 3rd quarter worth about $247,000. First Dallas Securities Inc. bought a new stake in Phillips 66 during the 3rd quarter worth about $753,000. Finally, TIAA Trust National Association grew its holdings in Phillips 66 by 32.9% during the 4th quarter. TIAA Trust National Association now owns 14,816 shares of the oil and gas company's stock worth $1,973,000 after acquiring an additional 3,670 shares during the last quarter. Institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Down 1.9 %

PSX stock traded down $3.14 during trading hours on Tuesday, hitting $165.41. The company's stock had a trading volume of 2,356,391 shares, compared to its average volume of 3,126,531. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $70.77 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 2.19 and a beta of 1.37. Phillips 66 has a 12 month low of $89.74 and a 12 month high of $174.08. The stock has a 50 day moving average price of $152.21 and a two-hundred day moving average price of $133.32.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.37 by $0.72. Phillips 66 had a net margin of 4.68% and a return on equity of 22.10%. The company had revenue of $38.74 billion during the quarter, compared to the consensus estimate of $34.30 billion. On average, equities research analysts expect that Phillips 66 will post 13 earnings per share for the current year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, May 17th. This is a positive change from Phillips 66's previous quarterly dividend of $1.05. Phillips 66's payout ratio is 27.15%.

Phillips 66 Company Profile

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.