The price of Phillips 66 (NYSE:PSX) shares last traded on Wall Street rose 0.28% to $95.65.
Based on available information, 20 analysts follow Phillips 66 (NYSE:PSX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $139.00 and a low of $101.00, we find $121.50. Given the previous closing price of $95.38, this indicates a potential upside of 27.39 percent. PSX stock price is now 0.11% away from the 50-day moving average and -3.49% away from the 200-day moving average. The market capitalization of the company currently stands at $43.37B.
Among analysts, 8 rate the stock a hold while 11 rate it a buy. Brokers who have rated the stock have averaged $120.44 as their price target over the next twelve months.
With the price target enhanced from $110 to $123, TD Cowen Upgraded its rating from Market Perform to Outperform for Phillips 66 (NYSE: PSX).
In other news, HAYES GREGORY, Director bought 10,250 shares of the company’s stock on Feb 02. The stock was bought for $1,001,938 at an average price of $97.75. Upon completion of the transaction, the Director now directly owns 14,299 shares in the company, valued at $1.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Vice President and Controller Pruitt Joseph Scott sold 600 shares of the business’s stock. A total of $66,406 was realized by selling the stock at an average price of $110.68. This leaves the insider owning 15,302 shares of the company worth $1.46 million. Insiders disposed of 36,400 shares of company stock worth roughly $3.48 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PSX stock. A new stake in Phillips 66 shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $3,023,403,000. HRT FINANCIAL LP invested $93,750,000 in shares of PSX during the first quarter. In the first quarter, MASSACHUSETTS FINANCIAL SERVICES CO /MA/ acquired a new stake in Phillips 66 valued at approximately $38,596,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in PSX for approximately $32,635,000. YAUPON CAPITAL MANAGEMENT LP purchased a new stake in PSX valued at around $29,789,000 in the second quarter. In total, there are 1,941 active investors with 73.50% ownership of the company’s stock.
During the past 12 months, Phillips 66 has had a low of $74.02 and a high of $113.53. As of last week, the company has a debt-to-equity ratio of 0.61, a current ratio of 1.50, and a quick ratio of 1.20. The fifty day moving average price for PSX is $95.44 and a two-hundred day moving average price translates $99.16 for the stock.
The latest earnings results from Phillips 66 (NYSE: PSX) was released for Mar, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $4.21, beating analysts’ expectations of $3.56 by 0.65. This compares to $1.29 EPS in the same period last year. The net profit margin was 7.40% and return on equity was 44.20% for PSX. The company reported revenue of $34.4 billion for the quarter, compared to $36.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.93 percent. For the current quarter, analysts expect PSX to generate $38.63B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/01/2023. Investors who held shares on 05/22/2023 were paid a $1.05 dividend. On an annualized basis, this represents a $4.20 dividend and a 4.39% percent yield. There was an ex-dividend date of 05/19/2023 for this dividend. In terms of dividend payout ratio, PSX is presently at 15.30%.
Phillips 66(PSX) 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. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.
