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

Key Points

• Phillips 66 has received an average analyst rating of “Moderate Buy” from 22 research firms, with 12 firms rating it as a hold, 8 as a buy, and 2 as a strong buy.
• The company recently declared a quarterly dividend of $1.20 per share, translating to an annualized yield of 3.8%, with a payout ratio of 115.38%.
• Phillips 66's stock price opened at $127.01, and it has a market capitalization of approximately $51.33 billion with a price-to-earnings ratio of 30.53.

Shares of Phillips 66 (NYSE:PSX - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-two research firms that are covering the company, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $140.75.

Several equities research analysts have recently commented on PSX shares. Bank of America lowered Phillips 66 from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $144.00 to $147.00 in a research note on Wednesday, September 3rd. Jefferies Financial Group increased their price target on Phillips 66 from $133.00 to $137.00 and gave the stock a "hold" rating in a research note on Friday. Wall Street Zen upgraded Phillips 66 from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Phillips 66 in a research note on Wednesday. Finally, Evercore ISI increased their price target on Phillips 66 from $130.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, September 19th.

Phillips 66 Trading Down 3.1%

NYSE:PSX opened at $127.01 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 0.79. The firm has a market capitalization of $51.33 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11. Phillips 66 has a one year low of $91.01 and a one year high of $142.35. The business has a fifty day moving average price of $129.51 and a 200-day moving average price of $120.63.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The oil and gas company reported $2.38 EPS for the quarter, topping the consensus estimate of $1.79 by $0.59. The firm had revenue of $33.77 billion during the quarter, compared to analyst estimates of $32.11 billion. Phillips 66 had a return on equity of 4.87% and a net margin of 1.27%.During the same period in the prior year, the business posted $2.31 EPS. Sell-side analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, November 17th. Phillips 66's dividend payout ratio is presently 115.38%.

Insiders Place Their Bets

In other news, Director Michael A. Heim acquired 1,000 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was purchased at an average price of $125.97 per share, for a total transaction of $125,970.00. Following the completion of the transaction, the director directly owned 12,043 shares in the company, valued at approximately $1,517,056.71. This trade represents a 9.06% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of the firm's stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $140.00, for a total value of $615,020.00. Following the transaction, the executive vice president owned 34,587 shares of the company's stock, valued at approximately $4,842,180. The trade was a 11.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 9,850 shares of company stock worth $1,188,910. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. CWC Advisors LLC. grew its position in shares of Phillips 66 by 0.6% during the third quarter. CWC Advisors LLC. now owns 13,351 shares of the oil and gas company's stock valued at $1,816,000 after purchasing an additional 80 shares in the last quarter. WealthTrust Axiom LLC grew its position in shares of Phillips 66 by 1.1% during the first quarter. WealthTrust Axiom LLC now owns 7,241 shares of the oil and gas company's stock valued at $894,000 after purchasing an additional 81 shares in the last quarter. Wolff Wiese Magana LLC grew its position in shares of Phillips 66 by 62.1% during the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company's stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Magnus Financial Group LLC grew its position in shares of Phillips 66 by 2.8% during the second quarter. Magnus Financial Group LLC now owns 3,083 shares of the oil and gas company's stock valued at $368,000 after purchasing an additional 84 shares in the last quarter. Finally, Biltmore Wealth Management LLC grew its position in shares of Phillips 66 by 2.4% during the second quarter. Biltmore Wealth Management LLC now owns 3,613 shares of the oil and gas company's stock valued at $431,000 after purchasing an additional 85 shares in the last quarter. 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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