Citigroup Inc. began coverage on shares of Phillips 66 (NYSE:PSX) in a report issued on Wednesday, Analyst Ratings Network.com reports. The firm issued a neutral rating on the stock.
A number of other analysts have also recently weighed in on PSX. Analysts at Oppenheimer reiterated a buy rating on shares of Phillips 66 (NYSE:PSX) in a research note to investors on Tuesday, September 10th. They now have a $75.00 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Phillips 66 (NYSE:PSX) from $73.00 to $67.00 in a research note to investors on Tuesday, September 10th. They now have an outperform rating on the stock. Finally, analysts at Argus downgraded shares of Phillips 66 (NYSE:PSX) from a buy rating to a hold rating in a research note to investors on Monday, September 9th. They now have a $6.89 price target on the stock, down previously from $7.25. They noted that the move was a valuation call.
Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $60.61.
Phillips 66 (NYSE:PSX) opened at 58.15 on Wednesday. Phillips 66 has a one year low of $42.45 and a one year high of $70.52. The stock’s 50-day moving average is $57.72 and its 200-day moving average is $61.32. The company has a market cap of $35.531 billion and a P/E ratio of 7.88.
Phillips 66 is a holding company. The Company is engaged in producing natural gas liquids (NYSE:PSX) and petrochemicals.
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