Phillips 66 (PSX) Hits New 1-Year High and Low at $111.07

Phillips 66 (NYSE:PSX) shares reached a new 52-week high and low on Friday . The company traded as low as $111.07 and last traded at $110.56, with a volume of 1288895 shares. The stock had previously closed at $110.64.

PSX has been the topic of a number of recent analyst reports. ValuEngine raised Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Scotiabank reissued a “buy” rating and set a $112.00 target price on shares of Phillips 66 in a report on Wednesday, January 10th. Piper Jaffray reissued a “buy” rating and set a $115.00 target price on shares of Phillips 66 in a report on Monday, January 22nd. Morgan Stanley reissued an “equal weight” rating on shares of Phillips 66 in a report on Thursday, January 11th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $106.00 target price on shares of Phillips 66 in a report on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $104.19.

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The company has a market cap of $50,797.18, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.09.



Phillips 66 (NYSE:PSX) last released its earnings results on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.21. The firm had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $30.71 billion. Phillips 66 had a return on equity of 9.18% and a net margin of 4.88%. During the same period in the prior year, the company posted $0.16 EPS. equities analysts forecast that Phillips 66 will post 6.91 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Rowland & Co. Investment Counsel ADV bought a new stake in shares of Phillips 66 during the 4th quarter valued at $102,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Phillips 66 during the 4th quarter worth $119,000. First Dallas Securities Inc. bought a new stake in shares of Phillips 66 during the 4th quarter worth $143,000. Truewealth LLC bought a new stake in shares of Phillips 66 during the 4th quarter worth $151,000. Finally, University of Texas Investment Managment Co. bought a new stake in shares of Phillips 66 during the 4th quarter worth $156,000. Hedge funds and other institutional investors own 77.74% of the company’s stock.

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About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks, delivers refined products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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