Scotiabank Analysts Give Phillips 66 (PSX) a $86.00 Price Target

Cornelia Mascio
Mag 6, 2017

Citigroup Inc reaffirmed their neutral rating on shares of Phillips 66 (NYSE:PSX) in a report issued on Saturday, April 22nd. $32's average target is -19.50% below currents $39.75 stock price.

A number of other equities research analysts have also commented on PSX. TheStreet lowered Phillips 66 from a b rating to a c+ rating in a research report on Thursday, January 12th. Royal Bank of Canada reissued a "hold" rating and issued a $87.00 price target on shares of Phillips 66 in a report on Thursday, April 20th.

Insider Trades for Phillips 66 show that the latest trade was made on 3 April 2017 where Johnson (Paula Ann), the General Counsel completed a transaction type "Sell" in which 1209 shares were traded at a price of $78.11. Finally, Barclays PLC cut their price target on shares of Phillips 66 from $93.00 to $87.00 and set an "equal weight" rating for the company in a report on Monday, February 6th. Mizuho maintained it with "Buy" rating and $63 target in Monday, February 6 report. maintained Phillips 66 (NYSE:PSX) on Monday, October 10 with "Equal-Weight" rating.

Among 5 analysts covering Brady Corporation (NYSE:BRC), 1 have Buy rating, 2 Sell and 2 Hold. The stock now has a consensus rating of Hold and a consensus target price of $83.88.

Shares of Phillips 66 (NYSE:PSX) traded up 1.42% during trading on Friday, hitting $79.35. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The stock has a 50-day moving average of $78.00 and a 200-day moving average of $81.29. The company rocked its 52-Week High of $88.87 and touched its 52-Week Low of $73.67. The company has a market cap of $41.09 billion, a P/E ratio of 27.14 and a beta of 1.33. The company beat the analyst EPS Estimate with the difference of $0.51. The company earned $23.71 billion during the quarter, compared to analyst estimates of $22.30 billion.

Many analysts have provided their estimated foresights on Phillips 66 Earnings, with 18 analysts believing the company would generate an Average Estimate of $1.31. During the same quarter in the previous year, the business earned $0.67 EPS. Equities analysts forecast that Phillips 66 will post $4.29 EPS for the current year. If you are accessing this article on another site, it was stolen and republished in violation of United States & global copyright legislation. The correct version of this report can be accessed at https://transcriptdaily.com/2017/05/06/phillips-66-psx-receives-neutral-rating-from-citigroup-inc-updated.html. Shareholders of record on Thursday, May 18th will be paid a $0.70 dividend.

Phillips 66 (PSX) has 524.17 Million shares outstanding and 516.31 Million shares were floated in market. The ex-dividend date is Tuesday, May 16th. This represents a $2.80 annualized dividend and a dividend yield of 3.58%. Phillips 66's dividend payout ratio (DPR) is presently 86.30%.

Hedge funds have recently added to or reduced their stakes in the stock. Argentus Capital Management LLC raised its stake in Phillips 66 by 17.7% in the third quarter. American Assets Investment Management LLC now owns 10,260 shares of the oil and gas company's stock valued at $826,000 after buying an additional 260 shares during the last quarter. Feltz Wealth PLAN Inc. now owns 1,598 shares of the oil and gas company's stock worth $128,000 after buying an additional 204 shares in the last quarter. Winch Advisory Services LLC boosted its position in Phillips 66 by 5,872.7% in the first quarter. Winch Advisory Services LLC now owns 1,314 shares of the oil and gas company's stock valued at $104,000 after buying an additional 1,292 shares during the period. Norges Bank bought a new position in Phillips 66 during the fourth quarter valued at approximately $465,132,000. First Command Bank purchased a new position in Phillips 66 during the fourth quarter valued at approximately $102,000. Morgan Stanley now owns 4,989,675 shares of the oil and gas company's stock valued at $401,918,000 after buying an additional 283,861 shares during the last quarter.

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE