Published On: Wed, Sep 14th, 2016

Analysts’ Weekly Ratings Updates for Phillips 66 (PSX)

A number of firms have modified their ratings and price targets on shares of Phillips 66 (NYSE: PSX) recently:

9/13/2016 – Phillips 66 was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $87.42 price target on the stock.
9/12/2016 – Phillips 66 was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $87.87 price target on the stock.
9/1/2016 – Phillips 66 was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $87.69 price target on the stock.
8/29/2016 – Phillips 66 was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating.
8/25/2016 – Phillips 66 was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $87.69 price target on the stock.
8/23/2016 – Phillips 66 is now covered by analysts at Jefferies Group. They set a “hold” rating and a $72.00 price target on the stock.
8/22/2016 – Phillips 66 had its price target raised by analysts at Piper Jaffray Cos. from $68.00 to $74.00. They now have a “neutral” rating on the stock.
8/18/2016 – Phillips 66 had its “strong-buy” rating reaffirmed by analysts at Vetr.
8/15/2016 – Phillips 66 was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $87.83 price target on the stock.
8/8/2016 – Phillips 66 was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $87.83 price target on the stock.
8/3/2016 – Phillips 66 was upgraded by analysts at Cowen and Company from a “market perform” rating to an “outperform” rating. They now have a $92.00 price target on the stock, up previously from $76.15.
8/1/2016 – Phillips 66 had its “hold” rating reaffirmed by analysts at Morgan Stanley.
7/28/2016 – Phillips 66 had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $86.00 price target on the stock.
7/21/2016 – Phillips 66 was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating.

Shares of Phillips 66 (NYSE:PSX) traded down 0.36% on Wednesday, hitting $76.97. The stock had a trading volume of 3,115,078 shares. The company has a market capitalization of $40.24 billion, a P/E ratio of 13.32 and a beta of 1.38. The firm has a 50 day moving average price of $77.86 and a 200 day moving average price of $80.87. Phillips 66 has a one year low of $71.74 and a one year high of $94.12.
Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.01. Phillips 66 had a return on equity of 13.44% and a net margin of 3.51%. During the same period in the prior year, the business posted $1.83 EPS. On average, equities research analysts predict that Phillips 66 will post $3.36 earnings per share for the current fiscal year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/14/analysts-weekly-ratings-updates-for-phillips-66-psx.html

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Tuesday, August 16th. Phillips 66’s payout ratio is 43.83%.
In other news, VP Paula Ann Johnson sold 40,141 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $79.57, for a total value of $3,194,019.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Berkshire Hathaway Inc acquired 290,116 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was bought at an average price of $77.04 per share, with a total value of $22,350,536.64. The disclosure for this purchase can be found here. 0.05% of the stock is owned by insiders.
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing, and specialties businesses. The Company operates its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.

Receive News & Ratings for Phillips 66 Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Phillips 66 and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>