Phillips 66 (NYSE:PSX) Price Target Lowered to $147.00 at Mizuho

Phillips 66 (NYSE:PSX - Get Free Report) had its price target decreased by Mizuho from $150.00 to $147.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the oil and gas company's stock. Mizuho's price objective would suggest a potential upside of 26.42% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company dropped their price objective on Phillips 66 from $167.00 to $161.00 and set an "overweight" rating for the company in a research note on Monday, December 9th. UBS Group dropped their target price on Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Barclays reduced their price target on shares of Phillips 66 from $133.00 to $124.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. Morgan Stanley cut their target price on shares of Phillips 66 from $150.00 to $144.00 and set an "equal weight" rating on the stock in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Phillips 66 from $160.00 to $141.00 and set an "overweight" rating for the company in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.00.

Phillips 66 Trading Down 5.2 %

Shares of NYSE PSX traded down $6.44 during midday trading on Monday, reaching $116.28. 3,653,172 shares of the stock were exchanged, compared to its average volume of 2,662,104. The stock has a market capitalization of $48.02 billion, a P/E ratio of 15.16, a PEG ratio of 4.06 and a beta of 1.35. 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 company has a 50 day simple moving average of $129.86 and a 200 day simple moving average of $133.81. Phillips 66 has a twelve month low of $116.07 and a twelve month high of $174.08.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.41. The company had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company's revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.63 earnings per share. As a group, equities analysts expect that Phillips 66 will post 7.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PSX. Mizuho Securities USA LLC boosted its stake in shares of Phillips 66 by 7,549.0% during the third 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 during the period. ING Groep NV lifted its position in Phillips 66 by 123.2% during the 3rd quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company's stock worth $155,503,000 after acquiring an additional 653,032 shares during the period. Bank of Montreal Can grew its stake in shares of Phillips 66 by 63.4% in the 3rd quarter. Bank of Montreal Can now owns 1,633,876 shares of the oil and gas company's stock valued at $214,120,000 after purchasing an additional 633,970 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of Phillips 66 in the third quarter valued at approximately $70,983,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Phillips 66 by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 8,422,720 shares of the oil and gas company's stock worth $1,189,035,000 after purchasing an additional 402,925 shares during the last quarter. Institutional investors and hedge funds 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.