Wall Street analysts predict that Phillips 66 (NYSE:PSX) will announce $2.34 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Phillips 66’s earnings, with estimates ranging from $2.06 to $2.60. Phillips 66 posted earnings of $4.87 per share during the same quarter last year, which would suggest a negative year over year growth rate of 52%. The company is expected to announce its next earnings report on Friday, February 14th.
According to Zacks, analysts expect that Phillips 66 will report full year earnings of $8.80 per share for the current fiscal year, with EPS estimates ranging from $8.48 to $9.12. For the next financial year, analysts anticipate that the business will post earnings of $10.64 per share, with EPS estimates ranging from $9.43 to $11.25. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Phillips 66.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, October 25th. The oil and gas company reported $3.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.51. Phillips 66 had a return on equity of 19.31% and a net margin of 4.17%. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $28.31 billion. During the same quarter last year, the business posted $3.10 earnings per share.
Shares of PSX stock traded down $0.74 on Friday, reaching $112.99. The company’s stock had a trading volume of 1,492,300 shares, compared to its average volume of 2,591,388. The company has a quick ratio of 0.84, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Phillips 66 has a 12-month low of $78.44 and a 12-month high of $119.92. The company has a market capitalization of $49.86 billion, a P/E ratio of 9.65, a PEG ratio of 1.96 and a beta of 1.11. The stock’s 50 day simple moving average is $116.07 and its 200-day simple moving average is $102.21.
The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a dividend of $0.90 per share. The ex-dividend date was Friday, November 15th. This represents a $3.60 dividend on an annualized basis and a yield of 3.19%. Phillips 66’s payout ratio is 30.74%.
In other news, EVP Robert A. Herman sold 47,433 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $103.17, for a total transaction of $4,893,662.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Chukwuemeka A. Oyolu sold 464 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $119.53, for a total value of $55,461.92. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.
Several large investors have recently made changes to their positions in PSX. Advisors Preferred LLC bought a new position in shares of Phillips 66 during the second quarter valued at about $25,000. TRUE Private Wealth Advisors bought a new stake in shares of Phillips 66 in the second quarter worth about $26,000. Atwater Malick LLC bought a new stake in shares of Phillips 66 in the third quarter worth about $27,000. Coastal Capital Group Inc. bought a new stake in shares of Phillips 66 in the second quarter worth about $37,000. Finally, Heritage Wealth Advisors grew its stake in shares of Phillips 66 by 68.5% in the second quarter. Heritage Wealth Advisors now owns 401 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 163 shares during the last quarter. 68.42% of the stock is currently owned by hedge funds and other institutional investors.
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; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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