In a report released today, Theresa Chen from Barclays maintained a Hold rating on Phillips 66 (PSX – Research Report), with a price target of $139.00. The company’s shares closed last Friday at $170.75.
According to TipRanks, Chen is a 5-star analyst with an average return of 17.8% and a 74.58% success rate. Chen covers the Energy sector, focusing on stocks such as Oneok, TC Energy, and Excelerate Energy, Inc. Class A.
Currently, the analyst consensus on Phillips 66 is a Moderate Buy with an average price target of $161.29, a -5.54% downside from current levels. In a report released on March 22, Mizuho Securities also maintained a Hold rating on the stock with a $167.00 price target.
PSX market cap is currently $73.05B and has a P/E ratio of 11.03.
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 price target raised to $187 from $169 at Piper Sandler
- 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
