Phillips 66 (NYSE:PSX) – Analysts at US Capital Advisors lowered their FY2020 earnings estimates for shares of Phillips 66 in a report released on Thursday, May 23rd. US Capital Advisors analyst C. Weiland now forecasts that the oil and gas company will post earnings per share of $11.04 for the year, down from their prior forecast of $11.16.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. Phillips 66 had a net margin of 4.63% and a return on equity of 19.96%. The company had revenue of $23.66 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the prior year, the company posted $1.04 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Phillips 66 from $115.00 to $105.00 and set an “equal weight” rating for the company in a research report on Friday, May 17th. ValuEngine upgraded shares of Phillips 66 from a “strong sell” rating to a “sell” rating in a research report on Friday, May 17th. Bank of America upgraded shares of Phillips 66 from a “neutral” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Monday, April 29th. They noted that the move was a valuation call. Jefferies Financial Group cut shares of Phillips 66 from a “buy” rating to a “hold” rating and increased their target price for the stock from $105.00 to $107.00 in a research report on Monday, April 15th. Finally, Citigroup increased their target price on shares of Phillips 66 from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Phillips 66 presently has an average rating of “Hold” and an average target price of $119.42.

Shares of PSX stock opened at $82.27 on Friday. Phillips 66 has a 52-week low of $78.44 and a 52-week high of $123.97. The firm has a market capitalization of $39.08 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 1.40 and a beta of 0.91. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.60 dividend on an annualized basis and a yield of 4.38%. This is a positive change from Phillips 66’s previous quarterly dividend of $0.80. Phillips 66’s dividend payout ratio is currently 30.74%.

In related news, Director John E. Lowe acquired 2,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average price of $84.41 per share, with a total value of $168,820.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Harvest Group Wealth Management LLC bought a new position in shares of Phillips 66 in the 1st quarter valued at about $31,000. TCG Advisors LP bought a new position in shares of Phillips 66 in the 1st quarter valued at about $38,000. Burt Wealth Advisors boosted its stake in shares of Phillips 66 by 285.7% in the 1st quarter. Burt Wealth Advisors now owns 405 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 300 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Phillips 66 by 46.1% in the 4th quarter. Proficio Capital Partners LLC now owns 434 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 137 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Phillips 66 during the 4th quarter worth approximately $37,000. 70.58% of the stock is currently owned by hedge funds and other institutional investors.

About Phillips 66

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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