A statement released earlier today by Vetr Inc. about Phillips 66 (NYSE:PSX) bumps the target price to $87.77
- Updated: September 16, 2016
In a report announced on 9/19/2016 Vetr Inc. upped the target price of Phillips 66 (NYSE:PSX) from $0 to $88 indicating a possible upside of 0.11%.
Previously on Tuesday September 13 2016, Vetr Inc. released a statement for Phillips 66(NYSE:PSX) upped the target price from $0.00 to $87.42. At the time, this suggested an upside of 0.11%.
Just yesterday Phillips 66 (NYSE:PSX) traded 0.01% lower at $79.10. The company’s 50-day average is $78.07 and its 200-day average is $80.82. With the last stock price close down 2.15% relative to the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same time period. 7,599,569 shares of Phillips 66 exchanged hands, up from ann avg. trading volume of 2,991,900.
Phillips 66 has a P/E of 14 with a 52 week low of $71.74 and a 52 week high of $94.12. PSX’s market capitalization is presently $0.0.
A total of 13 brokerages have released a ratings update on Phillips 66. Four analysts rate the company a strong buy, five firms rate the company a buy, seven firms rate the company a hold, one analyst rate the stock to underperform, and lastly 0 brokeragesrate the stock as sell with a one year target price of $90.85
Brief Synopsis On 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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