Phillips 66 (NYSE:PSX) had its target price decreased by research analysts at Deutsche Bank from $106.00 to $102.00 in a report released on Monday. The brokerage presently has a “hold” rating on the oil and gas company’s stock. Deutsche Bank’s price target points to a potential upside of 7.26% from the stock’s current price.
A number of other equities research analysts have also commented on the company. Cowen restated an “outperform” rating and set a $137.00 price objective (up from $125.00) on shares of Phillips 66 in a research report on Wednesday, February 14th. Goldman Sachs upgraded Phillips 66 to a “buy” rating in a research report on Monday, December 18th. Barclays restated a “sell” rating and set a $111.00 price objective on shares of Phillips 66 in a research report on Wednesday, January 10th. Citigroup decreased their price objective on Phillips 66 from $110.00 to $103.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Finally, Credit Suisse Group started coverage on Phillips 66 in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $108.00 price objective for the company. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $103.37.
Phillips 66 stock opened at $95.10 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.09. Phillips 66 has a 1 year low of $75.14 and a 1 year high of $107.47. The firm has a market capitalization of $44,686.04, a price-to-earnings ratio of 9.58, a P/E/G ratio of 1.63 and a beta of 1.18.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.21. Phillips 66 had a return on equity of 9.18% and a net margin of 4.88%. The firm had revenue of $30.12 billion during the quarter, compared to analyst estimates of $30.71 billion. During the same period last year, the company posted $0.16 EPS. research analysts expect that Phillips 66 will post 6.92 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Phillips 66 by 0.4% during the 4th quarter. BlackRock Inc. now owns 27,591,121 shares of the oil and gas company’s stock valued at $2,790,841,000 after buying an additional 119,373 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Phillips 66 by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 7,098,574 shares of the oil and gas company’s stock valued at $718,021,000 after buying an additional 260,478 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Phillips 66 by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 4,266,192 shares of the oil and gas company’s stock valued at $430,564,000 after buying an additional 114,191 shares during the last quarter. Aristotle Capital Management LLC lifted its holdings in shares of Phillips 66 by 3.1% during the 4th quarter. Aristotle Capital Management LLC now owns 3,592,122 shares of the oil and gas company’s stock valued at $363,343,000 after buying an additional 109,297 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Phillips 66 by 1.2% during the 3rd quarter. Legal & General Group Plc now owns 2,769,247 shares of the oil and gas company’s stock valued at $253,691,000 after buying an additional 33,298 shares during the last quarter. Institutional investors and hedge funds own 77.72% of the company’s stock.
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Phillips 66 Company Profile
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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