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Phillips 66 (PSX) Gets a Buy from UBS

Tipranks - Tipranks - Tue Jun 16, 7:24AM CDT

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

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According to TipRanks, Gupta is a 5-star analyst with an average return of 20.5% and a 67.48% success rate. Gupta covers the Energy sector, focusing on stocks such as Exxon Mobil, Phillips 66, and Valero Energy.

In a report released on June 12, Morgan Stanley also assigned a Buy rating to the stock with a $196.00 price target.

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Based on Phillips 66’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $34.08 billion and a net profit of $207 million. In comparison, last year the company earned a revenue of $30.5 billion and had a net profit of $487 million

Based on the recent corporate insider activity of 69 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. Last month, Kevin Omar Meyers, a Director at PSX bought 175.00 shares for a total of $30,296.00.

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