Phillips 66 (PSX) Receives a Buy from Wells Fargo

Wells Fargo analyst Roger Read maintained a Buy rating on Phillips 66 (PSXResearch Report) today and set a price target of $123.00. The company’s shares closed yesterday at $83.22.

Read covers the Utilities sector, focusing on stocks such as HF Sinclair Corporation, Marathon Petroleum, and Valero Energy. According to TipRanks, Read has an average return of 12.5% and a 61.51% success rate on recommended stocks.

In addition to Wells Fargo, Phillips 66 also received a Buy from Piper Sandler’s Ryan Todd in a report issued on September 12. However, on September 14, Wolfe Research downgraded Phillips 66 (NYSE: PSX) to a Hold.

See the top stocks recommended by analysts >>

PSX market cap is currently $40.03B and has a P/E ratio of 7.17.

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.

Read More on PSX:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed