Phillips 66 (NYSE:PSX) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Phillips 66 (NYSE:PSX - Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.

A number of other brokerages have also recently weighed in on PSX. Mizuho dropped their price target on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Piper Sandler lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Wells Fargo & Company boosted their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Wolfe Research raised shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Finally, UBS Group reduced their target price on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Phillips 66 currently has a consensus rating of "Moderate Buy" and a consensus target price of $148.00.

Phillips 66 Stock Down 0.7 %

Shares of PSX stock traded down $0.87 during trading hours on Friday, hitting $126.21. 2,689,400 shares of the company were exchanged, compared to its average volume of 3,614,536. The stock has a market capitalization of $52.12 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 4.84 and a beta of 1.37. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The business's 50-day simple moving average is $119.60 and its two-hundred day simple moving average is $126.91. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

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

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be given a $1.15 dividend. The ex-dividend date is Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 3.64%. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.

Institutional Investors Weigh In On Phillips 66

A number of institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC raised its stake in shares of Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 120 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in Phillips 66 in the fourth quarter worth approximately $25,000. Values First Advisors Inc. bought a new position in Phillips 66 during the third quarter valued at approximately $30,000. Pacific Center for Financial Services acquired a new stake in Phillips 66 in the fourth quarter valued at approximately $27,000. Finally, Stephens Consulting LLC grew its position in Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 111 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

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.