Scotiabank analyst Paul Cheng maintained a Buy rating on Phillips 66 (PSX – Research Report) today and set a price target of $134.00. The company’s shares closed yesterday at $144.31.
According to TipRanks, Cheng is a 3-star analyst with an average return of 2.3% and a 46.80% success rate. Cheng covers the Energy sector, focusing on stocks such as APA, Chevron, and Exxon Mobil.
Phillips 66 has an analyst consensus of Moderate Buy, with a price target consensus of $141.67, representing a -1.83% downside. In a report released today, TD Cowen also maintained a Buy rating on the stock with a $150.00 price target.
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Based on Phillips 66’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $39.64 billion and a net profit of $2.1 billion. In comparison, last year the company earned a revenue of $44.96 billion and had a net profit of $5.39 billion
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PSX in relation to earlier this year. Last month, Zhanna Golodryga, the EVP of PSX sold 29,800.00 shares for a total of $4,024,963.76.
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.
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