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A statement released earlier today by Vetr Inc. about Phillips 66 (NYSE:PSX) bumps the target price to $87.42

Phillips 66 (NYSE:PSX) had its estimated target price bumped up to $87 by Vetr Inc. in an issued report announced Tuesday September 13 2016. The updated target price indicates a potential upside of 0.11% based on the company’s most recent closing price.

On Monday September 12 2016, Vetr Inc. released a statement on Phillips 66(NYSE:PSX) raised the target price from $0.00 to $87.87 that indicated a possible upside of 0.13%.

Yesterday Phillips 66 (NYSE:PSX) traded 0.01% lower at $78.84. PSX’s 50-day average is $78.07 and its 200-day moving average is $80.82. The last stock close is down 2.15% relative to the 200-day average, compared with the S&P 500 which has fallen -0.01% over the same time period. Volume of trade was was up over the average, with 7,599,569 shares of PSX changing hands over the typical 2,991,900 shares..

See Chart Below:

Phillips 66 (NYSE:PSX)

Phillips 66 has a P/E of 14 with a 52 week low of $71.74 and a one-year high of $94.12 and has a market cap of $0.0.

A total of 13 brokers have reported on Phillips 66. Four analysts rate the stock a strong buy, five firms rate the stock a buy, seven firms rate the company a hold, one firm rate the company to underperform, and finally 0 firmsrate the company as sell with an average target stock price of $90.85

General Information 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 its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment includes its equity investment in DCP Midstream, LLC (DCP Midstream) and its investment in Phillips 66 Partners LP. The Midstream segment consists of three business lines: Transportation, DCP Midstream and NGL. The Midstream segment also transports crude oil and other feedstocks to refineries and other locations, and delivers refined and specialty products to market, and provides storage services for crude oil and petroleum products. The Chemical segment manufactures and markets petrochemicals and plastics. The refining segment buys, and sells and refines crude oil and other feedstocks into petroleum products. The M&S segment purchases for resale and markets refined petroleum products.

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