Zacks Investment Research upgraded Phillips 66 (NYSE:PSX) to Hold in a statement released earlier today.
- Updated: September 28, 2016
Zacks Investment Research has upgraded Phillips 66 (NYSE:PSX) to Hold in a report released on 9/28/2016.
Previously on 9/19/2016, Vetr Inc. reported on Phillips 66 (NYSE:PSX) increased the target price from $0.00 to $87.77. At the time, this indicated a possible upside of 0.11%.
Just yesterday Phillips 66 (NYSE:PSX) traded -0.08% lower at $79.40. Phillips 66’s 50-day moving average is $78.61 and its 200-day moving average is $80.46. The last closing price is down -1.31% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,274,587 shares of PSX traded hands, down from an average trading volume of 2,889,900
Recent Performance Chart
Phillips 66 has PE ratio of 13.75 with a one year low of $71.74 and a one year high of $94.12 and has a market capitalization of $0.
A total of 13 brokerages have issued a ratings update on Phillips 66. Four brokerages rating the company a strong buy, five brokerages rating the company a buy, seven brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $90.85.
General Company Details For 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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