Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Phillips 66 (PSX) Share Price

News stories about Phillips 66 (NYSE:PSX) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Phillips 66 earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.2724821056793 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

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Shares of Phillips 66 (NYSE:PSX) traded up $2.61 during trading hours on Monday, reaching $96.00. 1,618,849 shares of the company were exchanged, compared to its average volume of 2,239,774. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.42. The firm has a market capitalization of $43,566.43, a P/E ratio of 9.67, a P/E/G ratio of 1.64 and a beta of 1.18. Phillips 66 has a 1 year low of $75.14 and a 1 year high of $107.47.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.21. The firm had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $30.71 billion. Phillips 66 had a net margin of 4.88% and a return on equity of 9.18%. During the same quarter last year, the firm earned $0.16 earnings per share. analysts predict that Phillips 66 will post 6.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Tuesday, February 20th were given a $0.70 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.92%. Phillips 66’s payout ratio is currently 28.20%.

Several equities research analysts have recently weighed in on PSX shares. Credit Suisse Group reiterated a “neutral” rating and set a $110.00 target price on shares of Phillips 66 in a research note on Wednesday, March 7th. ValuEngine upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Cowen reiterated an “outperform” rating and set a $137.00 target price (up previously from $125.00) on shares of Phillips 66 in a research note on Wednesday, February 14th. Morgan Stanley reiterated an “equal weight” rating on shares of Phillips 66 in a research note on Thursday, January 11th. Finally, Goldman Sachs upgraded shares of Phillips 66 to a “buy” rating in a research note on Monday, December 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $103.37.

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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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