Phillips 66 (NYSE:PSX) announced its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07, Bloomberg Earnings reports. The business had revenue of $24.58 billion for the quarter, compared to analyst estimates of $25.14 billion. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. During the same quarter in the previous year, the firm posted $0.94 earnings per share.
Phillips 66 (PSX) opened at 81.56 on Friday. The company’s 50-day moving average is $83.33 and its 200 day moving average is $79.81. The stock has a market cap of $41.72 billion, a PE ratio of 24.39 and a beta of 1.22. Phillips 66 has a 52 week low of $75.14 and a 52 week high of $88.87.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 3.43%. Phillips 66’s dividend payout ratio is currently 83.58%.
PSX has been the topic of several research reports. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $88.00 price objective on shares of Phillips 66 in a research report on Thursday, May 25th. Scotiabank set a $86.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a research report on Monday, May 1st. Zacks Investment Research lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. TheStreet raised shares of Phillips 66 from a “c” rating to a “b-” rating in a research report on Friday, June 30th. Finally, US Capital Advisors reissued a “buy” rating on shares of Phillips 66 in a research report on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $83.53.
Large investors have recently added to or reduced their stakes in the company. Jacobi Capital Management LLC boosted its stake in Phillips 66 by 27.4% in the first quarter. Jacobi Capital Management LLC now owns 1,288 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 277 shares during the last quarter. Motco boosted its stake in Phillips 66 by 4.0% in the second quarter. Motco now owns 1,309 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 50 shares during the last quarter. Winch Advisory Services LLC boosted its stake in Phillips 66 by 5,872.7% in the first quarter. Winch Advisory Services LLC now owns 1,314 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 1,292 shares during the last quarter. Ffcm LLC bought a new stake in Phillips 66 during the second quarter valued at about $113,000. Finally, Bruderman Asset Management LLC bought a new stake in Phillips 66 during the second quarter valued at about $112,000. Institutional investors own 69.57% of the company’s stock.
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.
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.