Vetr Upgrades Phillips 66 After Buffet Increases Stake

Phillips 66 PSX shares are trading up over three percent over the past month entering Wednesday’s open, and the Vetr community has upgraded the company from 4 to 4.5 stars. Warren Buffet’s Berkshire Hathaway increased announced an increased stake in Phillips 66 as a part of its 13F report.

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Vetr members have given Phillips 66 a Strong Buy rating and a $87.83 price target. This price target is higher than the $86.81 price target from Wall Street analysts. The company opened Wednesday around $77.90.

Of all Vetr raters, 92.9 percent believe traders and investors should purchase Phillips 66 stock.

For Vetr’s full analysis of Phillips 66, go here.