Citigroup analyst Prashant Rao maintained a Hold rating on Phillips 66 (PSX) today and set a price target of $102. The company’s shares closed on Friday at $97.48.
According to TipRanks.com, Rao is ranked #2959 out of 5233 analysts.
Phillips 66 has an analyst consensus of Moderate Buy, with a price target consensus of $116.57.
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Based on Phillips 66’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $28.68 billion and net profit of $2.24 billion. In comparison, last year the company earned revenue of $26.5 billion and had a net profit of $3.2 billion.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. Last month, Greg Garland, the Chairman & CEO of PSX sold 42,728 shares for a total of $4,170,680.
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Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties.
