Equities research analysts expect Phillips 66 (NYSE:PSX) to report sales of $31.31 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Phillips 66’s earnings, with estimates ranging from $28.45 billion to $34.72 billion. Phillips 66 reported sales of $30.12 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4%. The company is expected to report its next quarterly earnings report on Friday, February 1st.
On average, analysts expect that Phillips 66 will report full year sales of $110.30 billion for the current fiscal year, with estimates ranging from $96.20 billion to $117.04 billion. For the next year, analysts expect that the firm will report sales of $123.76 billion, with estimates ranging from $118.03 billion to $130.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Phillips 66.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, October 26th. The oil and gas company reported $3.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.60. The firm had revenue of $30.59 billion for the quarter, compared to analyst estimates of $28.50 billion. Phillips 66 had a net margin of 5.72% and a return on equity of 14.97%. During the same quarter in the previous year, the business posted $1.66 earnings per share.
PSX has been the topic of several recent research reports. Zacks Investment Research lowered shares of Phillips 66 from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. Barclays raised shares of Phillips 66 from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $133.00 to $128.00 in a research note on Wednesday, October 3rd. ValuEngine lowered shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Wells Fargo & Co lifted their price objective on shares of Phillips 66 from $137.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, October 29th. Finally, Citigroup lifted their price objective on shares of Phillips 66 from $126.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. Phillips 66 presently has a consensus rating of “Hold” and a consensus target price of $122.19.
Phillips 66 stock opened at $90.35 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $42.15 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.22 and a beta of 0.95. Phillips 66 has a 1 year low of $88.99 and a 1 year high of $123.97.
The company also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 19th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Friday, November 16th. Phillips 66’s dividend payout ratio is currently 73.06%.
In related news, Director J Brian Ferguson purchased 21,500 shares of Phillips 66 stock in a transaction dated Tuesday, November 20th. The shares were bought at an average cost of $92.31 per share, for a total transaction of $1,984,665.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.56% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of PSX. Capital Advisors Ltd. LLC boosted its holdings in Phillips 66 by 152.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 944 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 570 shares during the last quarter. Tuttle Tactical Management purchased a new stake in Phillips 66 during the second quarter valued at about $107,000. Baker Ellis Asset Management LLC purchased a new stake in Phillips 66 during the second quarter valued at about $111,000. Omnia Family Wealth LLC increased its position in shares of Phillips 66 by 3,040.6% during the second quarter. Omnia Family Wealth LLC now owns 1,005 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 973 shares during the period. Finally, Willingdon Wealth Management bought a new stake in shares of Phillips 66 during the third quarter valued at about $139,000. Institutional investors and hedge funds own 69.25% of the company’s stock.
Phillips 66 Company Profile
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, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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