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Analysts Offer Insights on Energy Companies: Phillips 66 (PSX) and LandBridge Company LLC Class A (LB)

Tipranks - Sat Mar 21, 7:02AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Phillips 66 (PSX) and LandBridge Company LLC Class A (LB).

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Phillips 66 (PSX)

In a report released today, Paul Cheng from Scotiabank maintained a Hold rating on Phillips 66, with a price target of $140.00. The company’s shares closed last Thursday at $178.34.

According to TipRanks.com, Cheng is a 4-star analyst with an average return of 5.9% and a 53.8% success rate. Cheng covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Occidental Petroleum, and Marathon Petroleum. ;'>

Currently, the analyst consensus on Phillips 66 is a Moderate Buy with an average price target of $158.06, implying a -9.4% downside from current levels. In a report issued on March 17, Mizuho Securities also maintained a Hold rating on the stock with a $170.00 price target.

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LandBridge Company LLC Class A (LB)

Goldman Sachs analyst John Mackay maintained a Buy rating on LandBridge Company LLC Class A yesterday and set a price target of $84.00. The company’s shares closed last Thursday at $71.05.

According to TipRanks.com, Mackay is a 5-star analyst with an average return of 22.3% and a 69.9% success rate. Mackay covers the NA sector, focusing on stocks such as Venture Global, Inc. Class A, Enterprise Products Partners, and Kodiak Gas Services, Inc. ;'>

Currently, the analyst consensus on LandBridge Company LLC Class A is a Moderate Buy with an average price target of $79.00, implying a 1.6% upside from current levels. In a report issued on March 13, TipRanks – xAI also upgraded the stock to Buy with a $80.00 price target.

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