5 Best Energy Stocks To Invest In According to Analysts

4. Phillips 66 (NYSE:PSX)

Average Analyst Price Target as of April 11: $128.80

Average Upside Potential as of April 11: 20.69%

Number of Hedge Fund Holders: 36

36 hedge funds disclosed having stakes in Phillips 66 (NYSE:PSX) at the close of the fourth quarter of 2022. The total value of these stakes amounted to $819 million. As of December 31, Citadel Investment Group is the largest shareholder in the company and has a stake worth $181.6 million.

On March 28, JPMorgan raised its price target on Phillips 66 (NYSE:PSX) to $120 from $112 and maintained an Overweight rating on the shares. As of April 11, the stock has returned 29.88% to shareholders over the past 12 months.

Phillips 66 (NYSE:PSX) has received 6 Buy ratings and 4 Hold ratings from Wall Street analysts over the past 3 months. The stock has an average price target of $128.80, as of April 11, and an average upside potential of 20.69%. Phillips 66 (NYSE:PSX) is placed fourth among the best energy stocks to buy now according to analysts.