Phillips 66 (PSX) Forecasted to Post FY2017 Earnings of $3.95 Per Share

Phillips 66 (NYSE:PSX) – Investment analysts at US Capital Advisors issued their FY2017 earnings estimates for Phillips 66 in a report issued on Thursday. US Capital Advisors analyst C. Weiland expects that the oil and gas company will earn $3.95 per share for the year. US Capital Advisors currently has a “Buy” rating on the stock. US Capital Advisors also issued estimates for Phillips 66’s Q1 2018 earnings at $1.26 EPS, Q2 2018 earnings at $1.39 EPS and Q4 2018 earnings at $1.03 EPS.

A number of other research firms have also recently weighed in on PSX. Barclays PLC reaffirmed an “equal weight” rating and set a $89.00 price target (up from $87.00) on shares of Phillips 66 in a research note on Wednesday, August 2nd. Scotiabank set a $86.00 price target on shares of Phillips 66 and gave the stock a “hold” rating in a research note on Tuesday, August 1st. TheStreet raised shares of Phillips 66 from a “c” rating to a “b-” rating in a research note on Friday, June 30th. Zacks Investment Research cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $84.00 price target on shares of Phillips 66 in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Phillips 66 currently has an average rating of “Hold” and an average target price of $83.53.

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Phillips 66 (NYSE PSX) opened at 81.90 on Monday. The stock has a market capitalization of $41.89 billion, a P/E ratio of 24.49 and a beta of 1.22. The firm’s 50-day moving average is $83.31 and its 200 day moving average is $79.80. Phillips 66 has a 12-month low of $75.14 and a 12-month high of $88.87.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The business had revenue of $24.58 billion for the quarter, compared to the consensus estimate of $25.14 billion. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. During the same period last year, the firm posted $0.94 earnings per share.

A number of large investors have recently modified their holdings of the stock. City Holding Co. boosted its stake in shares of Phillips 66 by 4.6% in the first quarter. City Holding Co. now owns 25,354 shares of the oil and gas company’s stock worth $2,009,000 after buying an additional 1,115 shares during the last quarter. Bollard Group LLC boosted its stake in shares of Phillips 66 by 8.5% in the first quarter. Bollard Group LLC now owns 55,473 shares of the oil and gas company’s stock worth $4,395,000 after buying an additional 4,334 shares during the last quarter. Ledyard National Bank boosted its stake in shares of Phillips 66 by 37.6% in the first quarter. Ledyard National Bank now owns 2,781 shares of the oil and gas company’s stock worth $221,000 after buying an additional 760 shares during the last quarter. Hartford Investment Management Co. boosted its stake in shares of Phillips 66 by 2.1% in the first quarter. Hartford Investment Management Co. now owns 111,315 shares of the oil and gas company’s stock worth $8,818,000 after buying an additional 2,244 shares during the last quarter. Finally, Alta Capital Management LLC boosted its stake in shares of Phillips 66 by 1.9% in the first quarter. Alta Capital Management LLC now owns 524,763 shares of the oil and gas company’s stock worth $41,571,000 after buying an additional 9,946 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 3.42%. Phillips 66’s payout ratio is 83.58%.

Phillips 66 Company Profile

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.

Earnings History and Estimates for Phillips 66 (NYSE:PSX)

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