Zacks Rating on Phillips 66 (PSX)

Phillips 66 (PSX) : 12 analysts are covering Phillips 66 (PSX) and their average rating on the stock is 2.75, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Phillips 66 (PSX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Phillips 66 (PSX) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $93 and the lowest price target forecast is $68. The average forecast of all the analysts is $84.44 and the expected standard deviation is $8.86.


Phillips 66 has dropped 0.21% in the last five trading days, however, the shares have posted positive gains of 5.34% in the last 4 weeks. Phillips 66 has dropped 1.57% during the last 3-month period . Year-to-Date the stock performance stands at -2.59%. Phillips 66 (NYSE:PSX): stock turned positive on Tuesday. Though the stock opened at $77.17, the bulls momentum made the stock top out at $78.19 level for the day. The stock recorded a low of $76.96 and closed the trading day at $77.82, in the green by 1.10%. The total traded volume for the day was 1,724,100. The stock had closed at $76.97 in the previous days trading.

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing and specialties businesses. The Company operates its business through four segments: midstream, chemicals, refining and marketing and specialties. It gathers, processes, transports and markets natural gas, and transports, fractionates and markets natural gas liquids (NGL) in the United States. The Chemical segment manufactures and markets petrochemicals and plastics. The Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). The refining segment buys, sells and refines crude oil and other feedstocks into petroleum products (such as gasolines, distillates and aviation fuels) at 14 refineries, mainly in the United States and Europe. The Marketing and Specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe.

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