Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Phillips 66 from $60.00 to $69.00 in a research note to investors on Monday. They now have a hold rating on the stock. Separately, analysts at Argus raised their price target on shares of Phillips 66 from $67.00 to $75.00 in a research note to investors on Friday, February 1st. They now have a buy rating on the stock.
Eight research analysts have rated the stock with a buy rating, three have assigned an overweight rating, and seven have assigned a hold rating to the company. Phillips 66 currently has a consensus rating of overweight and an average target price of $68.92.
Shares of Phillips 66 traded up 1.12% during mid-day trading on Tuesday, hitting $64.83. Phillips 66 has a 52 week low of $28.75 and a 52 week high of $65.24. The stock’s 50-day moving average is currently $56.49. The company has a market cap of $40.571 billion and a P/E ratio of 9.89.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 1st. Stockholders of record on Monday, February 18th will be given a dividend of $0.31 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, February 19th. This is a boost from Phillips 66′s previous quarterly dividend of $0.25.
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