How Analysts Feel About Phillips 66 (PSX) After Achieving 52-Week High?

April 23, 2018 - By Thomas Roop

Phillips 66 (NYSE:PSX) Logo

Investors sentiment increased to 1.01 in 2017 Q4. Its up 0.09, from 0.92 in 2017Q3. It improved, as 34 investors sold Phillips 66 shares while 372 reduced holdings. 125 funds opened positions while 284 raised stakes. 351.44 million shares or 0.51% less from 353.24 million shares in 2017Q3 were reported.
Bluestein R H And Communications accumulated 233,927 shares. 190,000 are held by State Of New Jersey Common Pension Fund D. Davenport & Lc has 29,076 shares. Spc holds 17,140 shares. 187 are owned by Live Your Vision Llc. First Fiduciary Invest Counsel Inc stated it has 123,945 shares or 2.28% of all its holdings. Loring Wolcott Coolidge Fiduciary Advisors Ltd Liability Partnership Ma accumulated 1,209 shares. Montag A & Assocs reported 0.04% stake. 6,278 are held by Douglass Winthrop Advsr. Rampart Invest Co Ltd Co stated it has 5,270 shares. Riverhead Cap Management Ltd Liability Co has invested 0.08% in Phillips 66 (NYSE:PSX). Sigma Planning holds 0.09% of its portfolio in Phillips 66 (NYSE:PSX) for 11,450 shares. 599,321 are owned by Bancorporation Of Montreal Can. Blue Chip Ptnrs reported 49,729 shares or 1.49% of all its holdings. First Midwest Bankshares Division reported 0.39% in Phillips 66 (NYSE:PSX).

Since December 15, 2017, it had 0 buys, and 1 insider sale for $270,675 activity.

The stock of Phillips 66 (NYSE:PSX) hit a new 52-week high and has $116.41 target or 5.00 % above today’s $110.87 share price. The 6 months bullish chart indicates low risk for the $51.70 billion company. The 1-year high was reported on Apr, 23 by Barchart.com. If the $116.41 price target is reached, the company will be worth $2.59 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.11% or $0.12 during the last trading session, reaching $110.87. About 703,872 shares traded. Phillips 66 (NYSE:PSX) has risen 23.90% since April 23, 2017 and is uptrending. It has outperformed by 12.35% the S&P500.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on April, 27 before the open. They expect $0.84 EPS, up 50.00 % or $0.28 from last year’s $0.56 per share. PSX’s profit will be $391.71 million for 33.00 P/E if the $0.84 EPS becomes a reality. After $1.07 actual EPS reported by Phillips 66 for the previous quarter, Wall Street now forecasts -21.50 % negative EPS growth.

Phillips 66 (NYSE:PSX) Ratings Coverage

Among 13 analysts covering Phillips 66 (NYSE:PSX), 4 have Buy rating, 2 Sell and 7 Hold. Therefore 31% are positive. Phillips 66 has $137.0 highest and $79.0 lowest target. $104.91’s average target is -5.38% below currents $110.87 stock price. Phillips 66 had 23 analyst reports since October 30, 2017 according to SRatingsIntel. As per Wednesday, November 15, the company rating was maintained by UBS. The rating was maintained by RBC Capital Markets with “Hold” on Friday, April 13. Morgan Stanley downgraded the shares of PSX in report on Thursday, January 11 to “Equal-Weight” rating. Piper Jaffray maintained Phillips 66 (NYSE:PSX) on Monday, November 13 with “Buy” rating. The rating was maintained by Scotia Capital with “Buy” on Thursday, December 21. The stock of Phillips 66 (NYSE:PSX) has “Underweight” rating given on Tuesday, November 14 by Barclays Capital. The stock of Phillips 66 (NYSE:PSX) earned “Neutral” rating by Credit Suisse on Wednesday, March 7. Jefferies maintained Phillips 66 (NYSE:PSX) on Wednesday, December 20 with “Sell” rating. The stock of Phillips 66 (NYSE:PSX) has “Buy” rating given on Monday, December 18 by Goldman Sachs. As per Wednesday, January 10, the company rating was maintained by Scotia Capital.

Phillips 66 operates as an energy manufacturing and logistics company. The company has market cap of $51.70 billion. It operates through four divisions: Midstream, Chemicals, Refining, and Marketing and Specialties . It has a 11.26 P/E ratio. The Midstream segment gathers, processes, transports, and markets natural gas; transports, stores, fractionates, and markets natural gas liquids in the United States; and stores, refrigerates, and exports liquefied petroleum gas (LPG) primarily to Asia and Europe.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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