Phillips 66 (NYSE:PSX) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Phillips 66 (NYSE:PSX - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $148.00.

A number of research firms recently weighed in on PSX. StockNews.com lowered shares of Phillips 66 from a "hold" rating to a "sell" rating in a report on Sunday. Wells Fargo & Company boosted their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. UBS Group decreased their target price on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Finally, Barclays decreased their price objective on Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th.

Institutional Investors Weigh In On Phillips 66

Several large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Phillips 66 by 283.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company's stock valued at $686,618,000 after acquiring an additional 4,455,220 shares in the last quarter. Norges Bank bought a new stake in Phillips 66 during the 4th quarter valued at $497,648,000. Mizuho Securities USA LLC grew its position in shares of Phillips 66 by 7,549.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company's stock worth $328,625,000 after buying an additional 2,467,316 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Phillips 66 during the 4th quarter worth $168,790,000. Finally, Capitolis Liquid Global Markets LLC bought a new stake in shares of Phillips 66 in the fourth quarter valued at about $142,185,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Price Performance

Shares of PSX traded down $4.50 during midday trading on Friday, hitting $125.19. 2,690,356 shares of the company traded hands, compared to its average volume of 3,626,144. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The firm has a 50 day moving average of $120.60 and a 200-day moving average of $126.72. The stock has a market cap of $51.04 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 4.84 and a beta of 1.37.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period in the previous year, the firm posted $3.09 EPS. On average, analysts forecast that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.67%. The ex-dividend date is Monday, February 24th. Phillips 66's dividend payout ratio is presently 93.12%.

About Phillips 66

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.