Media headlines about Phillips 66 (NYSE:PSX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Phillips 66 earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.9804971376808 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Zacks: Brokerages Anticipate Phillips 66 (PSX) Will Announce Quarterly Sales of $29.57 Billion (americanbankingnews.com)
- Phillips 66 (PSX) Investment Down in Latest Report from Sumitomo Mitsui Trust Holdings, Inc. – Modern Readers (modernreaders.com)
- The Fundamental Case for and Against Phillips 66 (PSX) – StockNewsGazette (stocknewsgazette.com)
- Sumitomo Mitsui Trust Holdings, Inc. Marginally Lowers Its Holdings in Phillips 66 (PSX) – Modern Readers (modernreaders.com)
- Climate deal swing votes among top oil money recipients (marketbeat.com)
PSX has been the subject of several recent research reports. Royal Bank Of Canada reissued a “hold” rating and issued a $87.00 price objective on shares of Phillips 66 in a research note on Thursday, April 20th. Piper Jaffray Companies reissued an “overweight” rating and issued a $88.00 price objective on shares of Phillips 66 in a research note on Thursday, May 25th. Scotiabank set a $86.00 price objective on Phillips 66 and gave the company a “hold” rating in a research note on Monday, May 1st. Zacks Investment Research downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, TheStreet raised Phillips 66 from a “c” rating to a “b-” rating in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Phillips 66 presently has an average rating of “Hold” and an average target price of $83.53.
Shares of Phillips 66 (PSX) traded down 0.62% during mid-day trading on Wednesday, reaching $84.49. The company’s stock had a trading volume of 2,297,079 shares. The company’s 50-day moving average is $81.91 and its 200 day moving average is $79.67. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $88.87. The firm has a market capitalization of $43.22 billion, a P/E ratio of 25.27 and a beta of 1.22.
Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.07. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. The company had revenue of $24.58 billion during the quarter, compared to analysts’ expectations of $25.14 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. On average, analysts expect that Phillips 66 will post $4.03 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.31%. Phillips 66’s dividend payout ratio (DPR) is 83.58%.
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About Phillips 66
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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