Goldman Sachs upgraded Phillips 66 (NYSE:PSX) from Sell to Neutral in a statement released earlier today.
- Updated: September 30, 2016
Goldman Sachs has upgraded Phillips 66 (NYSE:PSX) from Sell to Neutral in a statement released on 09/30/2016.
Having a price of $79.28, Phillips 66 (NYSE:PSX) traded -2.35% lower on the day. With the last stock price down -1.48% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PSX has recorded a 50-day average of $78.74 and a two hundred day average of $80.47. Volume of trade was up over the average, with 4,121,211 shares of PSX changing hands over the typical 2,897,070
Recent Performance Chart
Phillips 66 has 52 week low of $71.74 and a one year high of $94.12 with a price-earnings ratio of 13.72 and has a total market value of $0.
A total of 13 equity analysts have released a ratings update on PSX. Four equity analysts rating the company a strong buy, five equity analysts rating the company a buy, seven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $90.85.
Brief Synopsis 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, 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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