RSS
Phillips 66 Has Price Target and Earnings Estimates Raised at Oppenheimer (PSX)
On Friday analysts at Oppenheimer boosted the price target and earnings estimates for oil and gas company Phillips 66 (PSX
) after a positive investors meeting.
Oppenheimer now sees shares of PSX reaching $60, a +15% upside from Thursday’s closing price of $52.21. The firm also gives Phillips 66 an “Outperform” rating.
Phillips 66 shares were flat in premarket trading on Friday. The stock is up +59.37% year-to-date.
The Bottom Line
Shares of Phillips 66 (PSX) have a 1.92% dividend yield, based on last night’s closing stock price of $52.21. The stock has technical support in the $45-$47 price area. The shares are trading near their 52-week highs.
Phillips 66 (PSX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
FREE Dividend Stock Newsletter
Get the Dividend.com email newsletter to receive:
- A free copy of our acclaimed report, 5 Rules of Winning Dividend Stock Investing
- Free daily investing tips and picks from Dividend.com CEO Paul Rubillo
- Tons of great market analysis and recommendations
MOST POPULAR ARTICLES ON DIVIDEND.COM
ABOUT THIS ARTICLE
THE BEST DIVIDEND STOCKS
Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the 
ADVERTISING PARTNERS
