Piper Sandler analyst Ryan Todd maintained a Buy rating on Phillips 66 (PSX – Research Report) today and set a price target of $187.00. The company’s shares closed yesterday at $170.68.
According to TipRanks, Todd is a 5-star analyst with an average return of 9.3% and a 61.30% success rate. Todd covers the Energy sector, focusing on stocks such as Par Pacific Holdings, Phillips 66, and PBF Energy.
Currently, the analyst consensus on Phillips 66 is a Moderate Buy with an average price target of $160.43, a -6.01% downside from current levels. In a report released on April 1, J.P. Morgan also maintained a Buy rating on the stock with a $167.00 price target.
The company has a one-year high of $173.75 and a one-year low of $87.47. Currently, Phillips 66 has an average volume of 3.17M.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is neutral on the stock. Last month, Joseph Scott Pruitt, the VP & Controller of PSX sold 13,122.00 shares for a total of $2,064,354.06.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Phillips 66 (PSX) Company Description:
Founded in 2012, Phillips 66 is a Texas-based multinational energy company, which is engaged in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties.
Read More on PSX:
- Phillips 66 Announces New Vice President and Controller
- Phillips 66 increases quarterly dividend 10% to $1.15 per share
- Phillips 66 call volume above normal and directionally bullish
- Early notable gainers among liquid option names on April 2nd
- Phillips 66 expands production of renewable diesel, updates on Rodeo Complex
