Phillips 66 (NYSE:PSX) Earns Daily Media Impact Score of 0.23
News coverage about Phillips 66 (NYSE:PSX) has trended somewhat positive recently, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Phillips 66 earned a news impact score of 0.23 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.4911120572266 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Financial Comparison: Phillips 66 (PSX) and Suburban Propane Partners, L.P. (SPH) (americanbankingnews.com)
- Investors Buy Shares of Phillips 66 (NYSE:PSX) on Weakness – Newburgh Gazette (newburghgazette.com)
- Phillips 66 (PSX) Stake Down in Latest Report from Ruffer Llp – Modern Readers (modernreaders.com)
- Credit Agricole SA Cuts Stake in Phillips 66 (PSX) (naijaoversabi.com)
- Van ECK Associates Corp Increases Position in Phillips 66 (PSX) (fishinghd.com)
Phillips 66 (NYSE:PSX) traded up 0.53% during midday trading on Monday, reaching $83.88. 1,758,701 shares of the company traded hands. Phillips 66 has a one year low of $75.14 and a one year high of $88.87. The company has a market capitalization of $42.91 billion, a price-to-earnings ratio of 25.08 and a beta of 1.22. The stock’s 50 day moving average is $83.20 and its 200 day moving average is $79.78.
Phillips 66 (NYSE:PSX) last issued its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The business had revenue of $24.58 billion during the quarter, compared to analyst estimates of $25.14 billion. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. During the same quarter in the prior year, the firm earned $0.94 earnings per share. On average, equities analysts anticipate that Phillips 66 will post $4.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, August 16th. Phillips 66’s dividend payout ratio is currently 83.58%.
A number of equities research analysts have recently weighed in on PSX shares. TheStreet upgraded shares of Phillips 66 from a “c” rating to a “b-” rating in a research note on Friday, April 28th. US Capital Advisors restated a “buy” rating on shares of Phillips 66 in a research note on Monday, May 22nd. Piper Jaffray Companies restated a “buy” rating and issued a $84.00 price target on shares of Phillips 66 in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC set a $74.00 price target on shares of Phillips 66 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $83.53.
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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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