BMO Capital Remains a Buy on Phillips 66 (PSX)

BMO Capital analyst Phillip Jungwirth maintained a Buy rating on Phillips 66 (PSXResearch Report) today and set a price target of $120.00. The company’s shares opened today at $87.09.

Jungwirth covers the Utilities sector, focusing on stocks such as Phillips 66, Chevron, and EOG Resources. According to TipRanks, Jungwirth has an average return of 5.1% and a 47.10% success rate on recommended stocks.

Phillips 66 has an analyst consensus of Strong Buy, with a price target consensus of $115.11.

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The company has a one-year high of $110.07 and a one-year low of $60.50. Currently, Phillips 66 has an average volume of 3.75M.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PSX in relation to earlier this year. Most recently, in June 2022, Greg Garland, the EC of PSX sold 146,700.00 shares for a total of $16,092,990.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2012, Phillips 66 is a Texas-based multinational energy company, which is engaged in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties.

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