Phillips 66 (NYSE:PSX) PT Lowered to $162.00 at JPMorgan Chase & Co.

Phillips 66 (NYSE:PSX) had its price target cut by JPMorgan Chase & Co. from $165.00 to $162.00 in a report issued on Tuesday morning, Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

Other equities analysts have also issued reports about the company. Wells Fargo & Company lifted their price objective on Phillips 66 from $179.00 to $191.00 and gave the stock an overweight rating in a research note on Monday, April 8th. StockNews.com cut shares of Phillips 66 from a buy rating to a hold rating in a research report on Monday, May 6th. TD Cowen lowered their price objective on Phillips 66 from $164.00 to $155.00 and set a buy rating for the company in a research report on Friday, June 21st. Barclays cut their target price on Phillips 66 from $147.00 to $142.00 and set an equal weight rating on the stock in a research report on Monday, July 1st. Finally, Mizuho lowered their target price on Phillips 66 from $162.00 to $160.00 and set a neutral rating for the company in a report on Thursday, June 20th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $157.07.

Phillips 66 Stock Down 1.4 %

NYSE:PSX opened at $138.46 on Tuesday. Phillips 66 has a one year low of $94.51 and a one year high of $174.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.17 and a quick ratio of 0.82. The company has a market cap of $58.70 billion, a PE ratio of 10.80, a P/E/G ratio of 2.13 and a beta of 1.34. The firm’s 50 day simple moving average is $141.54 and its 200 day simple moving average is $144.92.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). The business had revenue of $36.44 billion for the quarter, compared to analyst estimates of $35.87 billion. Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. During the same quarter last year, the firm posted $4.21 EPS. On average, research analysts anticipate that Phillips 66 will post 10.99 earnings per share for the current year.

Insiders Place Their Bets

In other Phillips 66 news, EVP Timothy D. Roberts sold 37,742 shares of Phillips 66 stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the transaction, the executive vice president now directly owns 48,365 shares of the company’s stock, valued at approximately $7,051,617. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Phillips 66

Hedge funds have recently modified their holdings of the company. Crewe Advisors LLC purchased a new position in Phillips 66 in the first quarter worth $25,000. Keener Financial Planning LLC purchased a new position in shares of Phillips 66 in the 1st quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new position in Phillips 66 during the first quarter valued at about $28,000. Ruedi Wealth Management Inc. increased its holdings in Phillips 66 by 102.1% during the first quarter. Ruedi Wealth Management Inc. now owns 190 shares of the oil and gas company’s stock worth $31,000 after buying an additional 96 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in Phillips 66 in the fourth quarter worth about $27,000. Institutional investors own 76.93% of the company’s stock.

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.