Phillips 66 which can be found using ticker (PSX) have now 14 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 141 and 110 with the average target price sitting at $126.21. Given that the stocks previous close was at $101.25 this indicates there is a potential upside of 24.7%. Also worth taking note is the 50 day moving average now sits at $101.37 and the 200 moving average now moves to $97.05. The company has a market cap of $46,160m. Company Website: https://www.phillips66.com
The potential market cap would be $57,540m based on the market consensus.
Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.
The company has a dividend yield of 4.19% with the ex dividend date set at 17-2-2023 (DMY).
Other points of data to note are a P/E ratio of 4.3, revenue per share of 360.53 and a 9.16% return on assets.
