Phillips 66 (PSX) to Release Earnings on Friday

Phillips 66 (NYSE:PSX) is expected to be announcing its earnings results before the market opens on Friday, April 25th. Analysts expect the company to post earnings of $0.07 per share and revenue of $31.93 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter last year, the firm earned $3.09 EPS. On average, analysts expect Phillips 66 to post $7 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Phillips 66 Price Performance

Phillips 66 stock opened at $98.88 on Friday. The firm has a fifty day moving average of $118.98 and a 200-day moving average of $122.67. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $159.25. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $40.29 billion, a P/E ratio of 20.02, a PEG ratio of 4.84 and a beta of 1.17.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a yield of 4.65%. Phillips 66’s dividend payout ratio (DPR) is 93.12%.

Institutional Investors Weigh In On Phillips 66

An institutional investor recently raised its position in Phillips 66 stock. Brighton Jones LLC lifted its position in Phillips 66 (NYSE:PSX) by 238.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,239 shares of the oil and gas company’s stock after acquiring an additional 7,214 shares during the quarter. Brighton Jones LLC’s holdings in Phillips 66 were worth $1,166,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on PSX. Wells Fargo & Company boosted their price objective on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Raymond James decreased their price target on Phillips 66 from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Mizuho lowered their price objective on shares of Phillips 66 from $140.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group cut shares of Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 target price on the stock. in a research report on Thursday, March 27th. Finally, Barclays lowered their price target on shares of Phillips 66 from $135.00 to $106.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $142.00.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. 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 petroleum products to market; provides terminaling and storage services for crude oil and refined 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.