Phillips 66 (NYSE:PSX) released its quarterly earnings data on Friday. The oil and gas company reported $4.87 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $2.11, MarketWatch Earnings reports. Phillips 66 had a net margin of 5.72% and a return on equity of 14.97%. During the same quarter in the prior year, the company earned $1.07 EPS.
PSX traded up $1.46 on Friday, hitting $93.20. The company had a trading volume of 2,853,678 shares, compared to its average volume of 2,668,557. The firm has a market cap of $43.54 billion, a P/E ratio of 21.28, a P/E/G ratio of 1.29 and a beta of 0.94. Phillips 66 has a 12-month low of $78.44 and a 12-month high of $123.97. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Tuesday, February 19th will be given a $0.80 dividend. The ex-dividend date is Friday, February 15th. This represents a $3.20 annualized dividend and a yield of 3.43%. Phillips 66’s dividend payout ratio is currently 73.06%.
In related news, Director J Brian Ferguson purchased 21,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average price of $92.31 per share, for a total transaction of $1,984,665.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.56% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSX. Investec Asset Management LTD raised its position in Phillips 66 by 6.3% during the 4th quarter. Investec Asset Management LTD now owns 303,939 shares of the oil and gas company’s stock valued at $26,184,000 after purchasing an additional 17,953 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Phillips 66 by 36.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 959,273 shares of the oil and gas company’s stock worth $82,641,000 after acquiring an additional 258,467 shares in the last quarter. Sandy Spring Bank raised its position in shares of Phillips 66 by 1.9% in the 4th quarter. Sandy Spring Bank now owns 11,306 shares of the oil and gas company’s stock worth $974,000 after acquiring an additional 206 shares in the last quarter. Lakeview Capital Partners LLC raised its position in shares of Phillips 66 by 16.2% in the 4th quarter. Lakeview Capital Partners LLC now owns 3,416 shares of the oil and gas company’s stock worth $294,000 after acquiring an additional 476 shares in the last quarter. Finally, Norinchukin Bank The raised its position in shares of Phillips 66 by 41.0% in the 4th quarter. Norinchukin Bank The now owns 78,617 shares of the oil and gas company’s stock worth $6,773,000 after acquiring an additional 22,880 shares in the last quarter. Institutional investors own 69.45% 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, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
Further Reading: Mutual Funds
Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.