BMO Capital Remains a Buy on Phillips 66 (PSX)

In a report released today, Phillip Jungwirth from BMO Capital maintained a Buy rating on Phillips 66, with a price target of $195.00.

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Jungwirth covers the Energy sector, focusing on stocks such as Chevron, Conocophillips, and Ovintiv. According to TipRanks, Jungwirth has an average return of 7.5% and a 52.83% success rate on recommended stocks.

In addition to BMO Capital, Phillips 66 also received a Buy from J.P. Morgan’s Zach Parham in a report issued yesterday. However, today, Citi maintained 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.