Equities analysts expect Phillips 66 (NYSE:PSX) to announce $32.38 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Phillips 66’s earnings, with the highest sales estimate coming in at $38.89 billion and the lowest estimate coming in at $28.33 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 36.8%. The firm is expected to issue its next quarterly earnings report on Friday, February 2nd.
On average, analysts expect that Phillips 66 will report full-year sales of $32.38 billion for the current fiscal year, with estimates ranging from $97.75 billion to $113.39 billion. For the next year, analysts anticipate that the firm will report sales of $115.40 billion per share, with estimates ranging from $96.65 billion to $141.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover 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 for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $26.21 billion for the quarter, compared to analyst estimates of $29.94 billion. Phillips 66 had a net margin of 2.11% and a return on equity of 7.58%. During the same period in the previous year, the business earned $1.05 EPS.
In other news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $100.25, for a total transaction of $270,675.00. Following the completion of the sale, the vice president now owns 2,700 shares of the company’s stock, valued at approximately $270,675. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Barnett & Company Inc. lifted its stake in Phillips 66 by 8.0% in the 2nd quarter. Barnett & Company Inc. now owns 2,025 shares of the oil and gas company’s stock valued at $167,000 after purchasing an additional 150 shares during the last quarter. Ingalls & Snyder LLC lifted its stake in Phillips 66 by 2.1% in the 2nd quarter. Ingalls & Snyder LLC now owns 55,965 shares of the oil and gas company’s stock valued at $4,628,000 after purchasing an additional 1,163 shares during the last quarter. Ronald Blue & Co. LLC increased its position in Phillips 66 by 1.6% in the 2nd quarter. Ronald Blue & Co. LLC now owns 2,580 shares of the oil and gas company’s stock valued at $213,000 after acquiring an additional 40 shares during the period. Bank of Stockton increased its position in Phillips 66 by 12.6% in the 2nd quarter. Bank of Stockton now owns 3,092 shares of the oil and gas company’s stock valued at $255,000 after acquiring an additional 345 shares during the period. Finally, Gamble Jones Investment Counsel increased its position in Phillips 66 by 0.6% in the 2nd quarter. Gamble Jones Investment Counsel now owns 10,556 shares of the oil and gas company’s stock valued at $873,000 after acquiring an additional 65 shares during the period. 70.12% of the stock is owned by institutional investors.
Phillips 66 (PSX) traded down $0.28 during trading on Thursday, hitting $102.15. 1,104,146 shares of the stock traded hands, compared to its average volume of 1,287,000. The firm has a market cap of $51,760.00, a price-to-earnings ratio of 25.73, a PEG ratio of 1.62 and a beta of 1.24. Phillips 66 has a one year low of $75.14 and a one year high of $102.80. The company has a quick ratio of 0.86, a current ratio of 1.31 and a debt-to-equity ratio of 0.40.
Phillips 66 announced that its Board of Directors has authorized a share buyback program on Monday, October 9th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
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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