Phillips 66 Stock News

Phillips 66's (PSX) CEO Greg Garland on Goldman Sachs Global Energy and Clean Technology Conference (Transcript)

PSX, AHH, GES, and ORI made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 28, 2021.

Arlington Capital Management Inc. purchased a new position in shares of Phillips 66 (NYSE:PSX) in the 3rd quarter, Holdings Channel reports. The fund purchased 5,861 shares of the oil and gas companys stock, valued at approximately $410,000. Several other institutional investors have also recently added to or reduced their stakes in PSX. Amundi bought a []

Zacks Investment Research cut shares of Phillips 66 (NYSE:PSX) from a strong-buy rating to a hold rating in a report issued on Monday, Zacks.com reports. Zacks Investment Research currently has $76.00 price objective on the oil and gas companys stock. According to Zacks, Phillips 66 is the leading player in each of its operations like []

Wall Street brokerages expect Phillips 66 (NYSE:PSX) to report sales of $22.49 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Phillips 66s earnings, with the highest sales estimate coming in at $22.56 billion and the lowest estimate coming in at $22.41 billion. Phillips 66 reported sales []

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Stockman Wealth Management Inc. boosted its stake in shares of Phillips 66 (NYSE:PSX) by 20.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,872 shares of the oil and gas companys stock after acquiring an additional 17,020 shares during the quarter. Phillips 66 []

Fisher Asset Management LLC grew its position in shares of Phillips 66 (NYSE:PSX) by 33.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,977 shares of the oil and gas companys stock after acquiring an additional 1,493 shares during the period. Fisher Asset Management LLCs holdings in Phillips 66 were worth $419,000 []

Phillips 66 with ticker code (PSX) have now 15 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 77 with the average target price sitting at 93.73. Now with the previous closing price of 70.96 this would imply there is a potential upside of 32.1%. The 50 day MA is 76.1 and the 200 day moving average is 78.27. The company has a market cap of $31,463m. You can visit the company''s website by visiting: https://www.phillips66.com [stock_market_widget type="chart" symbol="PSX" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] 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.

Transform Wealth LLC decreased its position in shares of Phillips 66 (NYSE:PSX) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,241 shares of the oil and gas companys stock after selling 271 shares during the period. []

Navellier & Associates Inc. purchased a new position in Phillips 66 (NYSE:PSX) during the third quarter, HoldingsChannel.com reports. The fund purchased 3,800 shares of the oil and gas company’s stock, valued at approximately $266,000. Other institutional investors have also bought and sold shares of the company. Torray LLC lifted its position in shares of Phillips […]

Phillips 66 (PSX) is now focusing more on businesses like midstream, renewables and chemicals. This is making Phillips 66's business model more stable.

HOUSTON--(BUSINESS WIRE)--Phillips 66 management will host a webcast at noon EST on Friday, Jan. 28, 2022, to discuss fourth-quarter 2021 financial results.

Tower Bridge Advisors lowered its stake in Phillips 66 (NYSE:PSX) by 3.0% during the third quarter, Holdings Channel reports. The firm owned 16,072 shares of the oil and gas companys stock after selling 500 shares during the period. Tower Bridge Advisors holdings in Phillips 66 were worth $1,126,000 at the end of the most recent []

FFC is among the top stock blue-chip companies honored by PSX as a member of the ESG Task Force. The session highlighted ESG related initiatives, integration into the business (investment process), and consequent long-term risk-adjusted returns, in line with the ESG principles. PSX honors Fauji Fertilizer as a member of ESG task force News Analysis, [] The post PSX honors Fauji Fertilizer as a member of ESG task force appeared first on Asian ThinkTank .