StockNews.com Downgrades Phillips 66 (NYSE:PSX) to Sell

Phillips 66 (NYSE:PSX) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Sunday.

PSX has been the subject of several other research reports. Wells Fargo & Company upped their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Mizuho dropped their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Barclays decreased their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Stock Down 3.6 %

Shares of Phillips 66 stock opened at $125.03 on Friday. The business has a fifty day simple moving average of $120.89 and a 200 day simple moving average of $126.63. The stock has a market cap of $50.97 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08.

Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period last year, the business earned $3.09 EPS. Research analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Institutional Trading of Phillips 66

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSX. Bogart Wealth LLC raised its holdings in shares of Phillips 66 by 120.0% in the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. J.Safra Asset Management Corp acquired a new position in Phillips 66 during the fourth quarter worth approximately $25,000. Pacific Center for Financial Services acquired a new position in Phillips 66 during the fourth quarter worth approximately $27,000. Stephens Consulting LLC lifted its position in shares of Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 111 shares during the last quarter. Finally, Graney & King LLC acquired a new stake in shares of Phillips 66 in the fourth quarter valued at approximately $28,000. 76.93% of the stock is owned by institutional investors.

About Phillips 66

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.