Shares of Phillips 66 surged 1.2% in morning trade Thursday, outperforming the energy sector, after Warren Buffett’s Berkshire Hathaway Inc. boosted its stake in the company to more than 15%.
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The latest listed firm making its way into the list of Zacks value stocks is Phillips 66 (NYSE:PSX). The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. On average, equities research analysts predict that Phillips 66 will post $3.36 earnings per share for the current fiscal year. The rating firm gave a Hold rating to this stock in a research note on Aug 23, 2016.Cowen analysts issued their verdict on Phillips 66 (NYSE:PSX) recently.
Insiders own 11% percent of the stock. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.01. The stock had a trading volume of 3,115,078 shares. 1 other analysts are mildly bullish on the stock and favor a Buy. The stock’s market capitalization is 40.89B, it has a 52-week low of 71.74 and a 52-week high of 94.12.
Shares of Phillips 66 (NYSE:PSX) opened at 79.10 on Friday.
7/28/2016 – Phillips 66 had its “equal weight” rating reaffirmed by analysts at Barclays PLC. After the day began at $35.65, the company was seen hitting $36.65 as its intraday high price and $35.54 as its bottom price. Now the company has earned “Buy” from 12 equity analysts. The analyst recommendations from a month ago are 7 Buy, 2 Overweight, 0 Sell, 14 Hold and 1 Underweight. The stock closed at $79.1 for the day, a gain of 2.77% for the day session. State Street Corp increased its stake in Phillips 66 by 1.5% in the first quarter. The insider owns 84,160 shares as of Jun 3, 2016, now worth $6501360.
During last 5 trades the stock sticks nearly -1.22%.
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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. The Midstream segment includes its equity investment in DCP Midstream, LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.
