Phillips 66 (NYSE:PSX) PT Raised to $139.00 at Barclays

Phillips 66 (NYSE:PSXGet Free Report) had its price target increased by Barclays from $132.00 to $139.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the oil and gas company’s stock. Barclays‘s price target would indicate a potential downside of 4.74% from the company’s current price.

PSX has been the topic of several other research reports. TD Cowen boosted their price objective on Phillips 66 from $134.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $146.00 price objective on the stock in a research report on Tuesday, October 31st. Wells Fargo & Company boosted their price objective on Phillips 66 from $151.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. StockNews.com upgraded Phillips 66 from a “hold” rating to a “buy” rating in a research note on Thursday, February 1st. Finally, Citigroup started coverage on Phillips 66 in a research note on Wednesday, January 24th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Phillips 66 has a consensus rating of “Moderate Buy” and a consensus price target of $137.80.

Check Out Our Latest Research Report on PSX

Phillips 66 Trading Down 0.9 %

Shares of Phillips 66 stock opened at $145.91 on Monday. The stock has a market capitalization of $64.19 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.96 and a current ratio of 1.29. Phillips 66 has a 52 week low of $89.74 and a 52 week high of $149.52. The stock has a 50 day moving average price of $133.03 and a two-hundred day moving average price of $121.32.

Insider Transactions at Phillips 66

In other news, VP Joseph Scott Pruitt sold 1,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $133.23, for a total value of $133,230.00. Following the completion of the transaction, the vice president now directly owns 6,593 shares in the company, valued at approximately $878,385.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Joseph Scott Pruitt sold 1,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $133.23, for a total transaction of $133,230.00. Following the completion of the sale, the vice president now directly owns 6,593 shares in the company, valued at approximately $878,385.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Zhanna Golodryga sold 5,253 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $135.00, for a total value of $709,155.00. Following the sale, the executive vice president now owns 24,914 shares of the company’s stock, valued at $3,363,390. The disclosure for this sale can be found here. In the last three months, insiders sold 41,653 shares of company stock worth $5,462,808. 4.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Everpar Advisors LLC bought a new position in Phillips 66 during the 4th quarter valued at approximately $916,000. Gryphon Financial Partners LLC raised its position in Phillips 66 by 11.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,166 shares of the oil and gas company’s stock valued at $546,000 after purchasing an additional 426 shares during the last quarter. Patrick M Sweeney & Associates Inc. bought a new position in Phillips 66 during the 4th quarter valued at approximately $240,000. Sovereign Financial Group Inc. bought a new position in Phillips 66 during the 4th quarter valued at approximately $226,000. Finally, Simmons Bank raised its position in Phillips 66 by 3.4% during the 4th quarter. Simmons Bank now owns 70,147 shares of the oil and gas company’s stock valued at $9,339,000 after purchasing an additional 2,317 shares during the last quarter. Institutional investors own 71.83% of the company’s stock.

Phillips 66 Company Profile

(Get Free Report)

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.

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