Phillips 66 (NYSE:PSX) – Research analysts at Jefferies Financial Group raised their FY2018 earnings per share (EPS) estimates for shares of Phillips 66 in a report released on Monday, January 28th. Jefferies Financial Group analyst C. Sighinolfi now forecasts that the oil and gas company will post earnings per share of $10.11 for the year, up from their prior estimate of $7.68. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Phillips 66’s Q4 2018 earnings at $2.98 EPS, Q1 2019 earnings at $0.60 EPS, Q3 2019 earnings at $2.86 EPS, Q2 2020 earnings at $3.00 EPS, Q3 2020 earnings at $2.94 EPS, FY2020 earnings at $10.93 EPS, FY2021 earnings at $8.77 EPS and FY2022 earnings at $7.63 EPS.
PSX has been the topic of several other reports. ValuEngine downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research note on Friday, November 23rd. Morgan Stanley dropped their price target on Phillips 66 from $140.00 to $120.00 and set a “hold” rating on the stock in a research note on Tuesday, November 20th. Zacks Investment Research downgraded Phillips 66 from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. JPMorgan Chase & Co. upgraded Phillips 66 from a “neutral” rating to an “overweight” rating and set a $138.00 price target on the stock in a research note on Tuesday, October 30th. They noted that the move was a valuation call. Finally, Raymond James dropped their price target on Phillips 66 from $139.00 to $135.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Phillips 66 currently has a consensus rating of “Hold” and a consensus target price of $123.62.
In other news, Director J Brian Ferguson purchased 21,500 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were acquired at an average price of $92.31 per share, for a total transaction of $1,984,665.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Pflug Koory LLC raised its holdings in Phillips 66 by 3.2% in the 4th quarter. Pflug Koory LLC now owns 3,584 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 110 shares during the period. Coastline Trust Co raised its holdings in Phillips 66 by 0.7% in the 4th quarter. Coastline Trust Co now owns 16,200 shares of the oil and gas company’s stock worth $1,395,000 after purchasing an additional 111 shares during the period. Stock Yards Bank & Trust Co. raised its holdings in Phillips 66 by 0.9% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 13,164 shares of the oil and gas company’s stock worth $1,134,000 after purchasing an additional 115 shares during the period. Alpha Windward LLC raised its holdings in Phillips 66 by 1.6% in the 4th quarter. Alpha Windward LLC now owns 7,586 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 119 shares during the period. Finally, Oakbrook Investments LLC raised its holdings in Phillips 66 by 0.4% in the 4th quarter. Oakbrook Investments LLC now owns 29,824 shares of the oil and gas company’s stock worth $2,569,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 69.43% of the company’s stock.
About Phillips 66
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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