Peeling Back The Layers: Exploring Phillips 66 Through Analyst Insights
In the last three months, 13 analysts have published ratings on Phillips 66 (NYSE:PSX), offering a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 6 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 3 | 3 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $161.77, along with a high estimate of $191.00 and a low estimate of $142.00. This current average represents a 0.66% decrease from the previous average price target of $162.85.
Diving into Analyst Ratings: An In-Depth Exploration
The analysis of recent analyst actions sheds light on the perception of Phillips 66 by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Theresa Chen | Barclays | Lowers | Equal-Weight | $142.00 | $147.00 |
| Jason Gabelman | TD Cowen | Lowers | Buy | $155.00 | $164.00 |
| Nitin Kumar | Mizuho | Lowers | Neutral | $160.00 | $162.00 |
| Ryan Todd | Piper Sandler | Lowers | Overweight | $151.00 | $170.00 |
| Bill Selesky | Argus Research | Maintains | Buy | $167.00 | $167.00 |
| Justin Jenkins | Raymond James | Lowers | Outperform | $160.00 | $163.00 |
| Ryan Todd | Piper Sandler | Lowers | Overweight | $170.00 | $187.00 |
| Theresa Chen | Barclays | Lowers | Equal-Weight | $147.00 | $155.00 |
| Theresa Chen | Barclays | Raises | Equal-Weight | $155.00 | $139.00 |
| Nitin Kumar | Mizuho | Lowers | Neutral | $162.00 | $167.00 |
| Paul Cheng | Scotiabank | Raises | Sector Outperform | $156.00 | $148.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $191.00 | $179.00 |
| Ryan Todd | Piper Sandler | Raises | Overweight | $187.00 | $169.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Phillips 66. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Phillips 66 compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Phillips 66's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of Phillips 66's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Phillips 66 analyst ratings.
Get to Know Phillips 66 Better
Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
Understanding the Numbers: Phillips 66's Finances
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Phillips 66's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 4.11%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 2.08%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Phillips 66's ROE excels beyond industry benchmarks, reaching 2.47%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Phillips 66's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.98%, the company showcases efficient use of assets and strong financial health.
Debt Management: Phillips 66's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.68.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.