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.
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