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

Shares of Phillips 66 (NYSE:PSX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fourteen research firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $135.62.

Several brokerages recently commented on PSX. TD Cowen raised their price objective on Phillips 66 from $114.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. reduced their target price on Phillips 66 from $138.00 to $131.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th. Scotiabank reduced their target price on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their price target on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen raised Phillips 66 from a "sell" rating to a "hold" rating in a research note on Monday, April 28th.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $114.51 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The firm has a market cap of $46.65 billion, a P/E ratio of 23.18, a P/E/G ratio of 4.84 and a beta of 1.02. The firm has a 50 day simple moving average of $108.22 and a 200 day simple moving average of $117.92. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $150.12.

Phillips 66 (NYSE:PSX - Get Free Report) last released its 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 8.58% and a net margin of 1.46%. The business had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. During the same period in the prior year, the firm posted $1.90 EPS. Sell-side analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Monday, May 19th. This is a boost from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 4.19%. Phillips 66's dividend payout ratio is presently 109.34%.

Insider Activity

In related news, Director Robert W. Pease acquired 439 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of $113.85 per share, for a total transaction of $49,980.15. Following the completion of the acquisition, the director now directly owns 4,091 shares of the company's stock, valued at approximately $465,760.35. This trade represents a 12.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bogart Wealth LLC raised its position in shares of Phillips 66 by 120.0% in the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 120 shares in the last quarter. von Borstel & Associates Inc. acquired a new stake in shares of Phillips 66 in the 1st quarter valued at about $27,000. J.Safra Asset Management Corp acquired a new stake in shares of Phillips 66 in the 4th quarter valued at about $25,000. Olde Wealth Management LLC acquired a new stake in shares of Phillips 66 in the 1st quarter valued at about $28,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Phillips 66 in the 1st quarter valued at about $29,000. 76.93% of the stock is owned by institutional investors.

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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