Evercore ISI Sticks to Their Buy Rating for Phillips 66 (PSX)
In a report released today, Stephen Richardson from Evercore ISI maintained a Buy rating on Phillips 66, with a price target of $170.00.
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Richardson covers the Energy sector, focusing on stocks such as Phillips 66, Baker Hughes Company, and BP. According to TipRanks, Richardson has an average return of 10.6% and a 63.06% success rate on recommended stocks.
In addition to Evercore ISI, Phillips 66 also received a Buy from UBS’s Manav Gupta in a report issued on February 6. However, today, Barclays maintained a Hold 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.
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- Phillips 66 price target raised to $158 from $142 at Barclays
- Phillips 66 price target raised to $158 from $149 at Jefferies
- Phillips 66 looks to buy heavy crude from PDVSA directly, Reuters reports
- Phillips 66 raises quarterly dividend to $1.27 per share
- Phillips 66 price target raised to $159 from $146 at Citi
