Phillips 66 (NYSE:PSX) had its price objective trimmed by Oppenheimer from $80.00 to $75.00 in a report released on Monday, AnalystRatingsNetwork reports. Oppenheimer currently has an outperform rating on the stock. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on PSX. Analysts at TheStreet reiterated a hold rating on shares of Phillips 66 in a research note to investors on Thursday, June 27th.
Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $66.45.
Phillips 66 (NYSE:PSX) opened at 58.755 on Monday. Phillips 66 has a 52-week low of $39.93 and a 52-week high of $70.52. The stock’s 50-day moving average is currently $58.55. The company has a market cap of $35.901 billion and a price-to-earnings ratio of 7.97.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be given a dividend of $0.31 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Wednesday, August 14th.
Phillips 66 is a holding company. The Company is engaged in producing natural gas liquids (NYSE:PSX) and petrochemicals.
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