Phillips 66 (NYSE:PSX) Price Target Raised to $152.00 at Mizuho

Phillips 66 (NYSE:PSX) had its price target boosted by investment analysts at Mizuho from $150.00 to $152.00 in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price objective points to a potential upside of 9.89% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Wolfe Research lifted their price target on Phillips 66 from $158.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Cowen reaffirmed a “buy” rating on shares of Phillips 66 in a research note on Thursday, October 30th. Jefferies Financial Group increased their price target on shares of Phillips 66 from $133.00 to $137.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Morgan Stanley boosted their price objective on shares of Phillips 66 from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, October 3rd. Finally, Evercore ISI increased their target price on shares of Phillips 66 from $130.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.94.

Phillips 66 Price Performance

Shares of NYSE:PSX traded down $3.84 during trading on Monday, reaching $138.32. The company had a trading volume of 464,661 shares, compared to its average volume of 2,821,907. The firm’s fifty day moving average is $135.86 and its 200 day moving average is $131.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.23. The firm has a market capitalization of $55.73 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 0.39 and a beta of 0.90. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $145.68.

Phillips 66 (NYSE:PSX) last announced its earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.14 by $0.38. The firm had revenue of $33.69 billion for the quarter, compared to analysts’ expectations of $32.29 billion. Phillips 66 had a return on equity of 5.53% and a net margin of 1.12%.During the same quarter in the previous year, the company earned $2.04 earnings per share. On average, equities analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Insider Activity at Phillips 66

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $138.00, for a total value of $4,140,000.00. Following the completion of the sale, the chief financial officer directly owned 89,771 shares of the company’s stock, valued at $12,388,398. This represents a 25.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $145.00, for a total transaction of $637,130.00. Following the transaction, the executive vice president owned 30,193 shares in the company, valued at approximately $4,377,985. The trade was a 12.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 86,094 shares of company stock worth $11,955,366 in the last ninety days. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Daymark Wealth Partners LLC increased its position in Phillips 66 by 1.6% in the fourth quarter. Daymark Wealth Partners LLC now owns 87,035 shares of the oil and gas company’s stock worth $11,231,000 after purchasing an additional 1,378 shares during the period. Somerset Trust Co grew its position in shares of Phillips 66 by 1.4% during the 4th quarter. Somerset Trust Co now owns 20,937 shares of the oil and gas company’s stock worth $2,702,000 after buying an additional 298 shares during the period. SG Americas Securities LLC raised its stake in shares of Phillips 66 by 2,691.8% during the fourth quarter. SG Americas Securities LLC now owns 287,247 shares of the oil and gas company’s stock worth $37,066,000 after buying an additional 276,958 shares during the last quarter. Diversified Trust Co. lifted its holdings in Phillips 66 by 2.6% in the fourth quarter. Diversified Trust Co. now owns 28,821 shares of the oil and gas company’s stock valued at $3,719,000 after buying an additional 733 shares during the period. Finally, Montecito Bank & Trust boosted its stake in Phillips 66 by 1.4% in the fourth quarter. Montecito Bank & Trust now owns 5,477 shares of the oil and gas company’s stock valued at $707,000 after acquiring an additional 75 shares during the last quarter. 76.93% of the stock is owned by institutional investors.

About Phillips 66

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.