UBS Sticks to Their Buy Rating for Phillips 66 (PSX)

In a report released today, Manav Gupta from UBS maintained a Buy rating on Phillips 66, with a price target of $212.00.

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Gupta covers the Energy sector, focusing on stocks such as Exxon Mobil, Phillips 66, and Chevron. According to TipRanks, Gupta has an average return of 17.4% and a 70.13% success rate on recommended stocks.

In addition to UBS, Phillips 66 also received a Buy from Wolfe Research’s Doug Leggate in a report issued yesterday. However, on March 23, Bank of America Securities reiterated a Hold rating on Phillips 66 (NYSE: PSX).

Based on Phillips 66’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $34.02 billion and a net profit of $2.91 billion. In comparison, last year the company earned a revenue of $33.71 billion and had a net profit of $8 million

Based on the recent corporate insider activity of 75 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. Earlier this month, Kevin J Mitchell, the EVP & CFO of PSX sold 15,629.00 shares for a total of $2,970,447.74.