Q3 2019 Earnings Estimate for Phillips 66 Issued By US Capital Advisors (PSX)

Phillips 66 (NYSE:PSX) – Equities research analysts at US Capital Advisors reduced their Q3 2019 earnings per share (EPS) estimates for Phillips 66 in a report issued on Monday, April 15th. US Capital Advisors analyst C. Weiland now forecasts that the oil and gas company will post earnings per share of $2.45 for the quarter, down from their previous forecast of $2.51. US Capital Advisors also issued estimates for Phillips 66’s Q1 2020 earnings at $1.93 EPS, Q3 2020 earnings at $3.17 EPS, Q4 2020 earnings at $2.45 EPS and FY2020 earnings at $11.16 EPS.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, February 8th. The oil and gas company reported $4.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $2.11. The firm had revenue of $29.84 billion for the quarter, compared to the consensus estimate of $35.51 billion. Phillips 66 had a net margin of 4.90% and a return on equity of 21.71%. During the same period in the prior year, the company posted $1.07 earnings per share.

Other equities research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Monday. Jefferies Financial Group downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating and raised their price target for the company from $105.00 to $107.00 in a research note on Monday. Tudor Pickering upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Piper Jaffray Companies restated an “overweight” rating on shares of Phillips 66 in a research note on Thursday, January 10th. Finally, Argus reduced their price target on shares of Phillips 66 to $116.00 and set a “buy” rating on the stock in a research note on Thursday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Phillips 66 presently has an average rating of “Hold” and an average target price of $120.18.

PSX opened at $96.24 on Tuesday. Phillips 66 has a 1-year low of $78.44 and a 1-year high of $123.97. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.48. The company has a market capitalization of $44.15 billion, a PE ratio of 8.22, a P/E/G ratio of 1.44 and a beta of 0.94.

In related news, Chairman Greg C. Garland sold 42,728 shares of Phillips 66 stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $97.61, for a total transaction of $4,170,680.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Moody National Bank Trust Division raised its holdings in Phillips 66 by 425.4% during the 4th quarter. Moody National Bank Trust Division now owns 352 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 285 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in Phillips 66 by 46.1% during the 4th quarter. Proficio Capital Partners LLC now owns 434 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 137 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Phillips 66 during the 4th quarter worth approximately $37,000. Truehand Inc bought a new position in Phillips 66 during the 4th quarter worth approximately $40,000. Finally, Massey Quick Simon & CO. LLC bought a new position in Phillips 66 during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 71.30% of the company’s stock.

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

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