Phillips 66 (NYSE:PSX) issued its earnings results on Friday. The oil and gas company reported $4.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $2.11, MarketWatch Earnings reports. The company had revenue of $29.84 billion during the quarter, compared to analysts’ expectations of $35.51 billion. Phillips 66 had a return on equity of 14.97% and a net margin of 5.72%. During the same period in the prior year, the business earned $1.07 EPS.
Shares of Phillips 66 stock opened at $93.52 on Friday. Phillips 66 has a 52 week low of $78.44 and a 52 week high of $123.97. The firm has a market capitalization of $43.12 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 1.28 and a beta of 0.94. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Tuesday, February 19th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Friday, February 15th. Phillips 66’s dividend payout ratio (DPR) is presently 27.33%.
In other Phillips 66 news, Director J Brian Ferguson purchased 21,500 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The shares were acquired at an average price of $92.31 per share, with a total value of $1,984,665.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.56% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Phillips 66 by 13.6% in the 3rd quarter. BlackRock Inc. now owns 33,103,803 shares of the oil and gas company’s stock valued at $3,731,461,000 after purchasing an additional 3,956,900 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Phillips 66 by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 32,998,567 shares of the oil and gas company’s stock valued at $3,719,598,000 after purchasing an additional 885,979 shares during the last quarter. FMR LLC lifted its stake in shares of Phillips 66 by 9.0% in the 2nd quarter. FMR LLC now owns 14,400,087 shares of the oil and gas company’s stock valued at $1,617,273,000 after purchasing an additional 1,188,567 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Phillips 66 by 0.5% in the 3rd quarter. Wells Fargo & Company MN now owns 8,468,401 shares of the oil and gas company’s stock valued at $954,557,000 after purchasing an additional 39,493 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Phillips 66 by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,429,513 shares of the oil and gas company’s stock valued at $724,735,000 after purchasing an additional 36,370 shares during the last quarter. 69.45% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: This story was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.tickerreport.com/banking-finance/4140854/phillips-66-psx-issues-quarterly-earnings-results.html.
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.
Featured Article: Are 12b-1 Fees Affecting Your Mutual Fund Performance?
Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.