Key Takeaways:
- Phillips 66 (PSX, Financial) sustains its quarterly dividend at $1.20 per share, offering a 3.57% forward yield.
- Analysts predict a potential slight downside for Phillips 66, with a current average price target of $133.02.
- Despite the downside, the stock maintains an "Outperform" recommendation from brokerage firms.
Phillips 66 Dividend Details
Phillips 66 (PSX) continues to reward its shareholders by maintaining its quarterly dividend of $1.20 per share. This stable dividend translates to an attractive forward yield of 3.57%, a compelling feature for income-focused investors. Mark your calendars for September 2, the scheduled payment date. Remember, shareholders of record must own the stock by the ex-dividend date of August 19 to qualify for this payout.
Analysts' Price Target Insights
Delving into the forecasts by 17 top analysts, Phillips 66 (PSX, Financial) holds an average price target of $133.02. This range extends from a high of $156.00 to a low of $110.00, indicating varied insights on the stock's trajectory. At the current price of $134.39, this suggests a potential downside of 1.02%. For more exhaustive details, visit the Phillips 66 (PSX) Forecast page.
Brokerage Firms' Perspective
Across 21 brokerage firms, Phillips 66 (PSX, Financial) garners an average recommendation rating of 2.3, classified as "Outperform." This rating system spans from 1 (Strong Buy) to 5 (Sell), positioning Phillips 66 favorably in terms of potential performance versus peers.
Understanding the GF Value Estimate
According to GuruFocus, Phillips 66 (PSX, Financial) carries a GF Value estimate of $108.73 over the next year. This suggests a potential downside of 19.09% from its current price of $134.39. The GF Value is derived from historical trading multiples, past business growth, and future performance projections, offering a comprehensive gauge of the stock's fair trading value. For further insights, explore the Phillips 66 (PSX) Summary page.
In conclusion, while Phillips 66 offers a stable dividend and holds an "Outperform" brokerage rating, investors should weigh the modest downside potential suggested by the analyst price targets and GF Value estimates. These insights are crucial in strategizing your next investment move in Phillips 66.
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