Phillips 66 (NYSE:PSX) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of Phillips 66 (NYSE:PSX) from a hold rating to a sell rating in a report published on Wednesday morning.

A number of other brokerages have also recently weighed in on PSX. Mizuho dropped their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Barclays dropped their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Bank of America started coverage on Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, UBS Group reduced their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Stock Down 0.2 %

PSX opened at $123.31 on Wednesday. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The company has a market cap of $50.93 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 3.89 and a beta of 1.37. The business’s fifty day moving average is $120.01 and its two-hundred day moving average is $128.15. 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) last issued its quarterly earnings data 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 net margin of 1.46% and a return on equity of 8.58%. During the same quarter last year, the firm earned $3.09 earnings per share. Analysts anticipate that Phillips 66 will post 7.57 EPS for the current fiscal year.

Institutional Trading of Phillips 66

Several institutional investors have recently made changes to their positions in the stock. SRS Capital Advisors Inc. grew its position in Phillips 66 by 174.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,699 shares of the oil and gas company’s stock valued at $194,000 after acquiring an additional 1,079 shares during the period. Norden Group LLC lifted its stake in shares of Phillips 66 by 58.8% in the 4th quarter. Norden Group LLC now owns 5,508 shares of the oil and gas company’s stock valued at $628,000 after purchasing an additional 2,039 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Phillips 66 by 19.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,444 shares of the oil and gas company’s stock worth $386,000 after purchasing an additional 556 shares during the period. Purkiss Capital Advisors LLC acquired a new stake in Phillips 66 during the 4th quarter worth approximately $232,000. Finally, Jacobi Capital Management LLC raised its holdings in Phillips 66 by 7.1% in the fourth quarter. Jacobi Capital Management LLC now owns 11,076 shares of the oil and gas company’s stock valued at $1,262,000 after buying an additional 736 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

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.