Movement Alert｜Phillips 66 Rises 3.16% in Regular Trading, Raymond James Raises Target Price to $218

Market Focus06-11

On June 10, Phillips 66 rose 3.16% in regular trading, trading at $184.63/share, with trading volume of $72.21 million.

On the news front, Raymond James raised its target price on Phillips 66 from $215 to $218, maintaining an outperform rating. According to FactSet, analysts polled give the stock an average overweight rating with a consensus target price of $192.67, suggesting further upside from current levels.

The broader Oil & Gas Refining & Marketing sector also saw strength. Among peers, PBF Energy rose 7.21%, Delek US gained 4.99%, Marathon Petroleum advanced 3.56%, HF Sinclair Corporation climbed 3.16%, and Valero added 2.74%, reflecting broad-based buying across the refining group.

Phillips 66 is headquartered in Houston, Texas, and operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties. The company refines crude oil into petroleum products, produces petrochemicals, and provides transportation and storage services across its integrated energy platform.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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