RBC Capital analyst T J Schultz maintained a Buy rating on Phillips 66 (PSX) on February 22 and set a price target of $85.00. The company’s shares closed last Tuesday at $85.53, close to its 52-week high of $89.79.
According to TipRanks.com, Schultz is a 5-star analyst with an average return of 15.5% and a 65.3% success rate. Schultz covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Equitrans Midstream, and NGL Energy Partners.
Phillips 66 has an analyst consensus of Strong Buy, with a price target consensus of $83.00, which is a -2.6% downside from current levels. In a report issued on February 17, Credit Suisse also maintained a Buy rating on the stock with a $85.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $89.79 and a one-year low of $40.04. Currently, Phillips 66 has an average volume of 2.93M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations. Phillips 66 was founded on April 30, 2012 and is headquartered in Houston, TX.
