Phillips 66 Gets a Hold from RBC Capital

By Jason Carr

In a report released today, Brad Heffern from RBC Capital reiterated a Hold rating on Phillips 66 (NYSE: PSX), with a price target of $87. The company’s shares opened today at $75.50.

According to, Heffern is a 4-star analyst with an average return of 6.9% and a 58.1% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Calumet Specialty Products, Gulfport Energy Corp, and Hollyfrontier Corp.

Currently, the analyst consensus on Phillips 66 is Hold and the average price target is $85.67, representing a 13.5% upside.

In a report released yesterday, Jefferies also reiterated a Hold rating on the stock with a $74 price target.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2016, Chukwuemeka Oyolu, the VP & Controller of PSX sold 3,574 shares for a total of $314,941.

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Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining, Marketing & Specialties and Corporate and Other. The Midstream segment gathers, processes, transports, and markets natural gas; and transports, fractionates, and markets natural gas liquids. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment buys, sells, and refines crude oil and other feedstock at refineries in the United States and Europe. The Marketing and Specialties segment purchases for resale and markets refined petroleum products. The Corporate and Other segment includes general corporate overhead, interest expense, investment in technologies, and other corporate activities. Phillips 66 was founded on April 30, 2012 and is headquartered in Houston, TX.