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A report released today by Barclays about Phillips 66 (NYSE:PSX) raises the target price to $100.00

Showing a price of $91.08, Phillips 66 (NYSE:PSX) traded -2.79% lower on the day. The last stock price is up 11.37% from the 200-day moving average, compared with the S&P 500 Index which has increased 0.02% over the date range. PSX has recorded a 50-day average of $88.92 and a two hundred day average of $82.43. Volume of trade was down over the average, with 748,691 shares of PSX changing hands under the typical 2,022,730

Reporting a possible upside of 0.10%, Barclays increased the stock price target of Phillips 66 (NYSE:PSX) to $100.00

See Chart Below

Phillips 66 (NYSE:PSX)

Phillips 66 has one year low of $75.14 and a one year high of $95.00 with a price-earnings ratio of 27.47 and has a market cap of $0.

In addition to Barclays reporting its stock price target, a total of 13 brokers have issued a report on the stock. The consensus target price is $90.85 with 4 brokerages rating the stock a strong buy, 5 brokerages rating the company a buy, seven equity analysts rating the company a hold, one analyst rating the company a underperform, and lastly zero firms rating the stock a sell.

About Phillips 66 (NYSE:PSX)

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States. The Chemicals segment consists of its equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics. The Refining segment buys, sells and refines crude oil and other feedstocks at refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, such as gasolines, distillates and aviation fuels, primarily in the United States and Europe, as well as includes the manufacturing and marketing of specialty products, and power generation operations.

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