Were Analysts Bullish Phillips 66 (NYSE:PSX) This Week?

June 18, 2018 - By Ash

Phillips 66 (NYSE:PSX) LogoInvestors sentiment decreased to 0.91 in Q1 2018. Its down 0.10, from 1.01 in 2017Q4. It dived, as 55 investors sold Phillips 66 shares while 389 reduced holdings. 97 funds opened positions while 308 raised stakes. 314.13 million shares or 10.62% less from 351.44 million shares in 2017Q4 were reported.
Atlantic Trust Group Lc holds 0.02% of its portfolio in Phillips 66 (NYSE:PSX) for 59,202 shares. Homrich And Berg holds 4,312 shares or 0.03% of its portfolio. Sun Life Fincl has invested 0% of its portfolio in Phillips 66 (NYSE:PSX). New York-based Capital One National Association has invested 0.44% in Phillips 66 (NYSE:PSX). Comml Bank Of The Ozarks stated it has 0.22% of its portfolio in Phillips 66 (NYSE:PSX). First Merchants invested 0.2% of its portfolio in Phillips 66 (NYSE:PSX). Amer National Bank & Trust holds 0.01% of its portfolio in Phillips 66 (NYSE:PSX) for 320 shares. Associated Banc reported 125,278 shares or 0.68% of all its holdings. Lee Danner & Bass reported 15,069 shares or 0.15% of all its holdings. Arvest Bankshares Trust Division holds 36,095 shares. Asset Mgmt Of Georgia Ga Adv holds 0.32% in Phillips 66 (NYSE:PSX) or 4,514 shares. Comerica Secs Incorporated accumulated 3,136 shares. Ameritas Inv Ptnrs Incorporated has 22,724 shares. Whittier Tru Company Of Nevada Inc stated it has 5,755 shares or 0.05% of all its holdings. Caprock Group reported 0.12% of its portfolio in Phillips 66 (NYSE:PSX).

Since May 16, 2018, it had 0 insider buys, and 1 insider sale for $828,000 activity.

Phillips 66 (NYSE:PSX) Ratings Coverage

Among 13 analysts covering Phillips 66 (NYSE:PSX), 5 have Buy rating, 2 Sell and 6 Hold. Therefore 38% are positive. Phillips 66 had 25 analyst reports since December 20, 2017 according to SRatingsIntel. JP Morgan maintained Phillips 66 (NYSE:PSX) rating on Monday, June 4. JP Morgan has “Neutral” rating and $132 target. The firm has “Underweight” rating given on Monday, April 30 by Barclays Capital. The firm earned “Hold” rating on Friday, April 13 by RBC Capital Markets. As per Monday, March 19, the company rating was maintained by Deutsche Bank. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, January 11. As per Friday, February 2, the company rating was maintained by Cowen & Co. The rating was maintained by Jefferies with “Sell” on Tuesday, April 24. Scotia Capital maintained the stock with “Buy” rating in Wednesday, January 10 report. The firm has “Outperform” rating by Wells Fargo given on Tuesday, May 29. Scotia Capital maintained it with “Buy” rating and $107.0 target in Thursday, December 21 report. Below is a list of Phillips 66 (NYSE:PSX) latest ratings and price target changes.

04/06/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $127 New Target: $132 Maintain
29/05/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade
17/05/2018 Broker: Argus Research Rating: Buy New Target: $133.0000
30/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $110 New Target: $115 Maintain
30/04/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $105 New Target: $115 Maintain
24/04/2018 Broker: Jefferies Rating: Sell New Target: $85.0000 Maintain
23/04/2018 Broker: Piper Jaffray Rating: Buy New Target: $116.0000 Maintain
13/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $105.0000 Maintain
09/04/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $108 New Target: $109 Maintain
19/03/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $106 New Target: $102 Maintain

The stock increased 0.73% or $0.84 during the last trading session, reaching $115.14. About 93,944 shares traded. Phillips 66 (NYSE:PSX) has risen 49.32% since June 18, 2017 and is uptrending. It has outperformed by 36.75% the S&P500.

Phillips 66 operates as an energy manufacturing and logistics company. The company has market cap of $53.64 billion. It operates through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 11.69 P/E ratio. The Midstream segment gathers, processes, transports, and markets natural gas; transports, stores, fractionates, and markets natural gas liquids in the United States; and stores, refrigerates, and exports liquefied petroleum gas (LPG) primarily to Asia and Europe.

More recent Phillips 66 (NYSE:PSX) news were published by: Finance.Yahoo.com which released: “Investors Should Follow Buffett Into Phillips 66 Stock” on June 16, 2018. Also Seekingalpha.com published the news titled: “Phillips 66 Is Cashing In On The Oil Spread” on May 21, 2018. Fool.com‘s news article titled: “Phillips 66 Refills Its Growth Engine” with publication date: June 14, 2018 was also an interesting one.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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