Analysts forecast that Phillips 66 (NYSE:PSX) will post earnings of $1.25 per share for the current quarter, Zacks reports. Three analysts have made estimates for Phillips 66’s earnings. The highest EPS estimate is $1.69 and the lowest is $0.74. Phillips 66 reported earnings per share of $0.56 during the same quarter last year, which suggests a positive year over year growth rate of 123.2%. The business is scheduled to report its next earnings report on Friday, April 27th.

On average, analysts expect that Phillips 66 will report full year earnings of $7.22 per share for the current year, with EPS estimates ranging from $5.60 to $8.89. For the next fiscal year, analysts anticipate that the business will report earnings of $7.28 per share, with EPS estimates ranging from $5.35 to $8.29. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Phillips 66.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.21. Phillips 66 had a return on equity of 9.52% and a net margin of 4.88%. The company had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $30.71 billion. During the same period in the previous year, the company posted $0.16 earnings per share.

Several research analysts have recently weighed in on PSX shares. UBS Group upped their target price on Phillips 66 from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 15th. Vetr downgraded Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 target price for the company. in a research note on Thursday, November 2nd. Goldman Sachs Group raised Phillips 66 to a “buy” rating in a research note on Monday, December 18th. Royal Bank of Canada reaffirmed a “hold” rating and set a $102.00 target price on shares of Phillips 66 in a research note on Wednesday, December 20th. Finally, Cowen reaffirmed an “outperform” rating and set a $137.00 target price (up from $125.00) on shares of Phillips 66 in a research note on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $103.89.

Shares of Phillips 66 (NYSE PSX) traded up $1.70 during trading hours on Wednesday, reaching $91.83. The company’s stock had a trading volume of 2,916,011 shares, compared to its average volume of 2,667,752. Phillips 66 has a one year low of $75.14 and a one year high of $107.47. The firm has a market capitalization of $42,045.64, a P/E ratio of 9.25, a PEG ratio of 1.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.31 and a quick ratio of 0.86.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.05%. The ex-dividend date is Friday, February 16th. Phillips 66’s dividend payout ratio is currently 28.20%.

In related news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the 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 transaction, the vice president now directly owns 2,700 shares of the company’s stock, valued at approximately $270,675. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Colonial Trust Advisors grew its holdings in Phillips 66 by 11.7% in the 4th quarter. Colonial Trust Advisors now owns 6,571 shares of the oil and gas company’s stock valued at $665,000 after buying an additional 687 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in Phillips 66 in the 4th quarter valued at $7,224,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Phillips 66 by 26.5% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 313,966 shares of the oil and gas company’s stock valued at $31,758,000 after buying an additional 65,727 shares in the last quarter. Intercontinental Wealth Advisors LLC purchased a new stake in Phillips 66 in the 4th quarter valued at $223,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Phillips 66 in the 4th quarter valued at $119,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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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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