Phillips 66 (NYSE:PSX) Receives Average Recommendation of "Moderate Buy" from Analysts

Phillips 66 (NYSE:PSX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $149.69.

Several research firms recently weighed in on PSX. Wells Fargo & Company decreased their target price on shares of Phillips 66 from $182.00 to $167.00 and set an "overweight" rating for the company in a research note on Wednesday, October 9th. Morgan Stanley decreased their price target on shares of Phillips 66 from $150.00 to $144.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. UBS Group decreased their price target 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. Mizuho decreased their price target on Phillips 66 from $154.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday, September 16th. Finally, Raymond James upped their price objective on shares of Phillips 66 from $150.00 to $155.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st.

Phillips 66 Price Performance

PSX stock traded up $0.47 during trading on Wednesday, hitting $131.41. 2,502,624 shares of the stock traded hands, compared to its average volume of 2,659,602. The stock has a market cap of $54.27 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 4.29 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a one year low of $114.94 and a one year high of $174.08. The company has a 50 day simple moving average of $130.03 and a 200 day simple moving average of $135.52.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm had revenue of $36.16 billion during the quarter, compared to analysts' expectations of $36.31 billion. During the same period in the previous year, the business posted $4.63 EPS. The company's quarterly revenue was down 10.3% compared to the same quarter last year. Equities analysts expect that Phillips 66 will post 7.63 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $1.15 dividend. The ex-dividend date is Monday, November 18th. This represents a $4.60 annualized dividend and a dividend yield of 3.50%. Phillips 66's dividend payout ratio (DPR) is currently 59.05%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PSX. Crewe Advisors LLC purchased a new stake in shares of Phillips 66 during the first quarter worth about $25,000. Strategic Financial Concepts LLC acquired a new position in shares of Phillips 66 during the 2nd quarter valued at about $26,000. nVerses Capital LLC acquired a new position in shares of Phillips 66 during the third quarter worth approximately $26,000. Values First Advisors Inc. acquired a new stake in Phillips 66 during the third quarter valued at approximately $30,000. Finally, Bank & Trust Co acquired a new stake in Phillips 66 in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

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.