Phillips 66 (NYSE:PSX) is scheduled to post its quarterly earnings results before the market opens on Friday, October 25th. Analysts expect Phillips 66 to post earnings of $2.28 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Phillips 66 (NYSE:PSX) last released its earnings results on Friday, July 26th. The oil and gas company reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.32. Phillips 66 had a net margin of 4.76% and a return on equity of 19.75%. The firm had revenue of $28.52 billion during the quarter, compared to analyst estimates of $29.89 billion. During the same quarter in the previous year, the business earned $2.80 EPS. On average, analysts expect Phillips 66 to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.
PSX opened at $108.77 on Wednesday. The company has a fifty day moving average price of $103.37 and a two-hundred day moving average price of $96.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 1.28. Phillips 66 has a 52 week low of $78.44 and a 52 week high of $109.83. The firm has a market capitalization of $48.96 billion, a PE ratio of 9.29, a P/E/G ratio of 2.13 and a beta of 1.07.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, November 15th. Phillips 66’s dividend payout ratio is presently 30.74%.
PSX has been the subject of a number of analyst reports. ValuEngine raised shares of Phillips 66 from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Macquarie initiated coverage on shares of Phillips 66 in a report on Thursday, September 5th. They set an “outperform” rating for the company. Morgan Stanley lifted their target price on shares of Phillips 66 from $102.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday. Evercore ISI initiated coverage on shares of Phillips 66 in a report on Wednesday, October 2nd. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Phillips 66 from $126.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Phillips 66 currently has a consensus rating of “Buy” and an average target price of $114.80.
In other news, EVP Robert A. Herman sold 47,433 shares of Phillips 66 stock in a transaction on Monday, September 16th. The shares were sold at an average price of $103.17, for a total transaction of $4,893,662.61. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.
About Phillips 66
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined products to market; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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