Out of 13 analysts covering Phillips 66 (NYSE:PSX), 1 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 8% are positive. Phillips 66 has been the topic of 25 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Jefferies initiated the stock on August 23 with “Hold” rating. Below is a list of Phillips 66 (NYSE:PSX) latest ratings and price target changes.
23/08/2016 Broker: Jefferies Rating: Hold Initiate
22/08/2016 Broker: Piper Jaffray Rating: Neutral Old Target: $68.00 New Target: $74.00 Maintain
08/07/2016 Broker: Wells Fargo Old Rating: Outperform New Rating: Market Perform Downgrade
13/07/2016 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal-Weight Old Target: $93.00 New Target: $86.00 Downgrade
11/07/2016 Broker: Howard Weil Old Rating: Outperform New Rating: Sector Perform Downgrade
17/06/2016 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Downgrade
19/05/2016 Broker: UBS Rating: Neutral Initiate
20/04/2016 Broker: Citigroup Old Rating: Buy New Rating: Hold New Target: $88.00 Downgrade
11/04/2016 Broker: Credit Suisse Rating: Neutral Old Target: $95.00 New Target: $85.00 Maintain
28/03/2016 Broker: Cowen & Co Rating: Market Perform New Target: $92.00 Initiate
The stock decreased 2.07% or $1.63 during the last trading session, hitting $77.25. About 3.97 million shares traded hands or 55.69% up from the average. Phillips 66 (NYSE:PSX) has risen 3.36% since February 8, 2016 and is uptrending. It has underperformed by 13.13% the S&P500.
Phillips 66 is an energy manufacturing and logistics firm with midstream, chemicals, refining and marketing, and specialties businesses. The company has a market cap of $40.90 billion. The Firm operates its business through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 13.44 P/E ratio. The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.
The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.09, from 0.9 in 2016Q1. The ratio worsened, as 75 funds sold all Phillips 66 shares owned while 394 reduced positions. 67 funds bought stakes while 314 increased positions. They now own 360.95 million shares or 2.47% less from 370.08 million shares in 2016Q1.
Rr Partners Lp holds 9.42% of its portfolio in Phillips 66 for 2.73 million shares. Berkshire Hathaway Inc owns 78.78 million shares or 4.82% of their US portfolio. Moreover, Foundation Resource Management Inc has 3.71% invested in the company for 251,454 shares. The New York-based Norman Fields Gottscho Capital Management Llc has invested 3.55% in the stock. Torchmark Corp, a Texas-based fund reported 56,500 shares.
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