Phillips 66 (NYSE:PSX) is set 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, July 26th. The oil and gas company reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.32. The firm had revenue of $28.52 billion for the quarter, compared to the consensus estimate of $29.89 billion. Phillips 66 had a return on equity of 19.75% and a net margin of 4.76%. During the same quarter in the previous year, the business earned $2.80 earnings per share. On average, analysts expect Phillips 66 to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Shares of NYSE PSX opened at $109.00 on Thursday. The business’s 50 day moving average price is $103.57 and its two-hundred day moving average price is $96.08. The company has a market cap of $48.53 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.39. Phillips 66 has a twelve month low of $78.44 and a twelve month high of $109.83.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, November 15th. Phillips 66’s dividend payout ratio (DPR) is presently 30.74%.
In other news, EVP Robert A. Herman sold 47,433 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $103.17, for a total value of $4,893,662.61. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on the company. ValuEngine raised Phillips 66 from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Evercore ISI assumed coverage on Phillips 66 in a research report on Wednesday, October 2nd. They set an “outperform” rating on the stock. Raymond James boosted their price target on Phillips 66 from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price target on Phillips 66 from $126.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. Finally, Morgan Stanley boosted their price target on Phillips 66 from $102.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $114.80.
Phillips 66 Company Profile
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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