Phillips 66 (NYSE:PSX) – Analysts at US Capital Advisors dropped their Q4 2020 earnings per share estimates for shares of Phillips 66 in a research note issued to investors on Thursday, January 16th. US Capital Advisors analyst C. Weiland now forecasts that the oil and gas company will post earnings per share of $2.07 for the quarter, down from their prior estimate of $2.20.
Several other research analysts also recently commented on the stock. Morgan Stanley reduced their price target on shares of Phillips 66 from $125.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Bank of America downgraded shares of Phillips 66 from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $120.00 price target on shares of Phillips 66 in a research note on Sunday, December 22nd. Evercore ISI started coverage on shares of Phillips 66 in a research note on Wednesday, October 2nd. They issued an “outperform” rating on the stock. Finally, Raymond James reduced their price target on shares of Phillips 66 from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Phillips 66 has an average rating of “Buy” and an average price target of $122.17.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, October 25th. The oil and gas company reported $3.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.60 by $0.51. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $28.31 billion. Phillips 66 had a net margin of 4.17% and a return on equity of 19.31%. During the same quarter last year, the firm posted $3.10 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Atwater Malick LLC acquired a new position in shares of Phillips 66 in the 3rd quarter valued at $27,000. Allred Capital Management LLC purchased a new stake in shares of Phillips 66 during the fourth quarter worth $27,000. WealthStone Inc. purchased a new stake in shares of Phillips 66 during the second quarter worth $38,000. Rational Advisors LLC boosted its position in shares of Phillips 66 by 41.1% during the 3rd quarter. Rational Advisors LLC now owns 374 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 109 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of Phillips 66 by 74.8% during the 3rd quarter. Sound Income Strategies LLC now owns 395 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 169 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 464 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $119.53, for a total transaction of $55,461.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.13% 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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