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Phillips 66 (PSX) Receives a Buy from Mizuho Securities

In a report issued on March 9, Silvio Micheloto from Mizuho Securities maintained a Buy rating on Phillips 66 (PSXResearch Report), with a price target of $100.00. The company’s shares closed last Monday at $78.72.

According to TipRanks.com, Micheloto is a 5-star analyst with an average return of 52.5% and a 96.7% success rate. Micheloto covers the Utilities sector, focusing on stocks such as Marathon Petroleum, Delek US Holdings, and Valero Energy.

Currently, the analyst consensus on Phillips 66 is a Moderate Buy with an average price target of $97.18.

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Phillips 66’s market cap is currently $38.79B and has a P/E ratio of 27.34.

Based on the recent corporate insider activity of 53 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. Last month, Paula Ann Johnson, the Executive VP and Gen Counsel of PSX sold 12,000 shares for a total of $1,080,240.

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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