Phillips 66 (NYSE:PSX) Now Covered by Evercore ISI

Equities research analysts at Evercore ISI assumed coverage on shares of Phillips 66 (NYSE:PSX - Get Free Report) in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set an "outperform" rating and a $130.00 price target on the oil and gas company's stock. Evercore ISI's price target points to a potential upside of 4.29% from the company's current price.

Several other research analysts also recently issued reports on the stock. Barclays upped their target price on shares of Phillips 66 from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Tudor Pickering cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group reduced their price target on shares of Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Wall Street Zen raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Finally, TD Cowen increased their price target on Phillips 66 from $114.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.07.

Phillips 66 Stock Up 0.8%

Shares of Phillips 66 stock opened at $124.65 on Wednesday. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $150.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 0.88. The company has a 50-day moving average of $110.89 and a 200 day moving average of $117.33. The firm has a market cap of $50.79 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.91 and a beta of 1.02.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). Phillips 66 had a return on equity of 4.83% and a net margin of 1.32%. The company had revenue of $31.92 billion during the quarter, compared to the consensus estimate of $31.93 billion. During the same period in the prior year, the firm earned $1.90 earnings per share. As a group, sell-side analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Insider Activity

In other Phillips 66 news, Director Robert W. Pease acquired 439 shares of the stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of $113.85 per share, for a total transaction of $49,980.15. Following the completion of the transaction, the director now directly owns 4,091 shares of the company's stock, valued at $465,760.35. This trade represents a 12.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.22% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp purchased a new position in shares of Phillips 66 during the fourth quarter valued at approximately $25,000. Pacific Center for Financial Services purchased a new stake in shares of Phillips 66 during the fourth quarter valued at $27,000. von Borstel & Associates Inc. purchased a new position in Phillips 66 in the 1st quarter worth about $27,000. Graney & King LLC bought a new stake in Phillips 66 during the 4th quarter valued at about $28,000. Finally, Olde Wealth Management LLC purchased a new stake in Phillips 66 in the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

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.

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