Phillips 66 (NYSE:PSX) Posts Earnings Results

Phillips 66 (NYSE:PSX) issued its quarterly earnings data on Friday. The oil and gas company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.55), MarketWatch Earnings reports. Phillips 66 had a return on equity of 14.90% and a net margin of 0.35%. The business had revenue of $11.18 billion during the quarter, compared to analysts’ expectations of $14.92 billion. During the same period in the previous year, the business earned $3.02 earnings per share.

NYSE:PSX opened at $62.02 on Friday. Phillips 66 has a one year low of $40.04 and a one year high of $119.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.61 and a current ratio of 1.11. The firm has a market cap of $27.08 billion, a P/E ratio of 12.58, a P/E/G ratio of 6.42 and a beta of 1.60. The firm has a 50-day simple moving average of $67.98 and a 200-day simple moving average of $73.22.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.60 annualized dividend and a dividend yield of 5.80%. Phillips 66’s dividend payout ratio is currently 44.72%.

In other news, Director Gary Kramer Adams acquired 1,250 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average price of $76.40 per share, with a total value of $95,500.00. Following the transaction, the director now directly owns 10,213 shares in the company, valued at $780,273.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John E. Lowe acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was purchased at an average cost of $70.16 per share, for a total transaction of $70,160.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 3,750 shares of company stock valued at $268,305. Company insiders own 0.63% of the company’s stock.

Several equities research analysts have recently issued reports on PSX shares. Citigroup lowered their target price on shares of Phillips 66 from $103.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Zacks Investment Research upgraded shares of Phillips 66 from a “strong sell” rating to a “hold” rating and set a $67.00 target price for the company in a report on Wednesday, May 27th. Raymond James lowered their target price on shares of Phillips 66 from $85.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, July 13th. ValuEngine upgraded shares of Phillips 66 from a “sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Jefferies Financial Group upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a report on Monday, July 20th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Phillips 66 presently has a consensus rating of “Buy” and a consensus price target of $83.47.

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 for Phillips 66 (NYSE:PSX)

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