Ratings for Phillips 66 PSX were provided by 14 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 8 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 2 | 0 | 0 |
| 3M Ago | 1 | 5 | 2 | 0 | 0 |
Analysts have set 12-month price targets for Phillips 66, revealing an average target of $166.64, a high estimate of $191.00, and a low estimate of $147.00. This upward trend is apparent, with the current average reflecting a 4.01% increase from the previous average price target of $160.21.
Investigating Analyst Ratings: An Elaborate Study
A clear picture of Phillips 66's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ryan Todd | Piper Sandler | Lowers | Overweight | $151.00 | $170.00 |
| Bill Selesky | Argus Research | Maintains | Buy | $167.00 | $167.00 |
| Justin Jenkins | Raymond James | Lowers | Outperform | $160.00 | $163.00 |
| Ryan Todd | Piper Sandler | Lowers | Overweight | $170.00 | $187.00 |
| Theresa Chen | Barclays | Lowers | Equal-Weight | $147.00 | $155.00 |
| Theresa Chen | Barclays | Raises | Equal-Weight | $155.00 | $139.00 |
| Nitin Kumar | Mizuho | Lowers | Neutral | $162.00 | $167.00 |
| Paul Cheng | Scotiabank | Raises | Sector Outperform | $156.00 | $148.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $191.00 | $179.00 |
| Ryan Todd | Piper Sandler | Raises | Overweight | $187.00 | $169.00 |
| John Royall | JP Morgan | Raises | Overweight | $167.00 | $149.00 |
| Neil Mehta | Goldman Sachs | Raises | Buy | $174.00 | $152.00 |
| Nitin Kumar | Mizuho | Raises | Neutral | $167.00 | $135.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $179.00 | $163.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Phillips 66. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Phillips 66 compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Phillips 66's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Phillips 66's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Phillips 66 analyst ratings.
All You Need to Know About Phillips 66
Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
Breaking Down Phillips 66's Financial Performance
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Positive Revenue Trend: Examining Phillips 66's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.11% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Phillips 66's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 2.08%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Phillips 66's ROE stands out, surpassing industry averages. With an impressive ROE of 2.47%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.98%, the company showcases effective utilization of assets.
Debt Management: Phillips 66's debt-to-equity ratio is below the industry average at 0.68, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Significance of Analyst Ratings Explained
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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