Brokerages expect that Phillips 66 (NYSE:PSX) will report sales of $32.08 billion for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Phillips 66’s earnings, with the lowest sales estimate coming in at $28.36 billion and the highest estimate coming in at $37.95 billion. Phillips 66 posted sales of $23.67 billion during the same quarter last year, which would indicate a positive year over year growth rate of 35.5%. The company is expected to issue its next quarterly earnings results before the market opens on Friday, February 2nd.

On average, analysts expect that Phillips 66 will report full-year sales of $32.08 billion for the current fiscal year, with estimates ranging from $97.01 billion to $112.44 billion. For the next year, analysts forecast that the firm will post sales of $115.79 billion per share, with estimates ranging from $98.00 billion to $141.58 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Phillips 66.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $26.21 billion for the quarter, compared to analysts’ expectations of $29.94 billion. Phillips 66 had a return on equity of 7.58% and a net margin of 2.11%. During the same period in the prior year, the firm posted $1.05 EPS.

A number of brokerages have weighed in on PSX. Morgan Stanley reiterated an “equal weight” rating on shares of Phillips 66 in a research note on Thursday, January 11th. Howard Weil upgraded shares of Phillips 66 from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $86.00 to $98.00 in a research note on Thursday, September 28th. Piper Jaffray Companies reiterated a “buy” rating and set a $98.00 target price on shares of Phillips 66 in a research note on Tuesday, September 26th. Vetr upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 target price for the company in a research note on Monday, October 16th. Finally, Scotiabank reiterated a “buy” rating and set a $112.00 target price on shares of Phillips 66 in a research note on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Phillips 66 currently has a consensus rating of “Hold” and an average target price of $96.66.

Phillips 66 (NYSE PSX) opened at $105.63 on Friday. The stock has a market capitalization of $53,530.00, a P/E ratio of 26.61, a P/E/G ratio of 1.60 and a beta of 1.24. Phillips 66 has a 12-month low of $75.14 and a 12-month high of $106.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.31 and a quick ratio of 0.86.

Phillips 66 announced that its board has approved a stock repurchase program on Monday, October 9th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $100.25, for a total value of $270,675.00. Following the completion of the sale, the vice president now directly owns 2,700 shares in the company, valued at approximately $270,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.

Several large investors have recently bought and sold shares of PSX. Rowland & Co. Investment Counsel ADV bought a new position in Phillips 66 in the 4th quarter worth $102,000. Motco boosted its holdings in Phillips 66 by 4.0% in the 2nd quarter. Motco now owns 1,309 shares of the oil and gas company’s stock worth $108,000 after buying an additional 50 shares during the period. Bruderman Asset Management LLC bought a new position in Phillips 66 in the 2nd quarter worth $112,000. Ffcm LLC bought a new position in Phillips 66 in the 2nd quarter worth $113,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Phillips 66 in the 2nd quarter worth $127,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.

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

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