Phillips 66 (PSX) Gets a Hold from Jefferies

Jefferies analyst Lloyd Byrne maintained a Hold rating on Phillips 66 yesterday and set a price target of $158.00.

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Byrne covers the Energy sector, focusing on stocks such as Baker Hughes Company, Ovintiv, and Halliburton. According to TipRanks, Byrne has an average return of 19.4% and a 60.09% success rate on recommended stocks.

In addition to Jefferies, Phillips 66 also received a Hold from Citi’s Vikram Bagri in a report issued on February 9. However, on February 6, UBS maintained a Buy rating on Phillips 66 (NYSE: PSX).

Based on Phillips 66’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $34.51 billion and a net profit of $133 million. In comparison, last year the company earned a revenue of $35.29 billion and had a net profit of $346 million

Based on the recent corporate insider activity of 67 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, Don Baldridge, the EVP of PSX sold 7,500.00 shares for a total of $1,200,000.00.