Phillips 66 found using ticker (PSX) now have 14 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 107 and 85 with a mean TP of 98.14. Given that the stocks previous close was at 85.05 this would indicate that there is a potential upside of 15.4%. The day 50 moving average is 76.16 and the 200 moving average now moves to 77.91. The company has a market capitalisation of $37,625m. Company Website: https://www.phillips66.com
The potential market cap would be $43,415m based on the market concensus.
Phillips 66 operates as an energy manufacturing and logistics company. 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 comprising gasolines, distillates, and aviation fuels at 13 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products consisting of gasolines, distillates, and aviation fuels primarily in the United States and Europe. It also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.
