Brokerage Firm Rating on Phillips 66 (PSX)

Phillips 66 (PSX) : Zacks Investment Research ranks Phillips 66 (PSX) as 5, which is a Strong Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.75, which indicates as a Hold.

Phillips 66 (PSX) : The consensus price target for Phillips 66 (PSX) is $84.89 for the short term with a standard deviation of $7.82. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $93, however, the pessimist price target for the company is $68.


Company shares have received an average consensus rating of Hold for the current week Phillips 66 (NYSE:PSX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.42 and $77.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.16, notching a gain of 1.57% for the day. The total traded volume was 1,962,223 . The stock had closed at $76.95 on the previous day.

In a related news, Johnson Paula Ann, Officer (Executive Vp And Gen Counsel) of Phillips 66, unloaded 40,141 shares at an average price of $79.57 on June 29, 2016. The total amount of the transaction was worth $3,194,019, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing and specialties businesses. The Company operates its business through four segments: midstream, chemicals, refining and marketing and specialties. It gathers, processes, transports and markets natural gas, and transports, fractionates and markets natural gas liquids (NGL) in the United States. The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). The refining segment buys, sells and refines crude oil and other feedstocks into petroleum products (such as gasolines, distillates and aviation fuels) at 14 refineries, mainly in the United States and Europe. The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe.

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