US Capital Advisors Equities Analysts Reduce Earnings Estimates for Phillips 66 (PSX)

Phillips 66 (NYSE:PSX) – Equities researchers at US Capital Advisors cut their Q3 2017 EPS estimates for Phillips 66 in a research note issued to investors on Thursday. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will post earnings of $1.50 per share for the quarter, down from their prior forecast of $1.58. US Capital Advisors has a “Buy” rating on the stock. US Capital Advisors also issued estimates for Phillips 66’s Q4 2017 earnings at $0.81 EPS, Q1 2018 earnings at $1.25 EPS, Q2 2018 earnings at $1.54 EPS, Q3 2018 earnings at $1.72 EPS, Q4 2018 earnings at $0.84 EPS and FY2018 earnings at $5.35 EPS.

A number of other equities research analysts also recently weighed in on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $84.00 target price on shares of Phillips 66 in a report on Friday. Zacks Investment Research downgraded Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet upgraded Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, June 30th. Scotiabank restated a “hold” rating and set a $86.00 price objective on shares of Phillips 66 in a report on Tuesday, June 27th. Finally, BidaskClub upgraded Phillips 66 from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $84.12.

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Phillips 66 (NYSE PSX) opened at 82.20 on Monday. Phillips 66 has a 52-week low of $73.82 and a 52-week high of $88.87. The firm has a market cap of $42.42 billion, a P/E ratio of 25.50 and a beta of 1.23. The firm’s 50-day moving average price is $78.80 and its 200-day moving average price is $80.27.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.53. Phillips 66 had a return on equity of 5.98% and a net margin of 1.86%. The business had revenue of $23.71 billion during the quarter, compared to analyst estimates of $22.30 billion. During the same period in the previous year, the firm earned $0.67 EPS.

Several hedge funds and other institutional investors have recently made changes to their positions in PSX. Jacobi Capital Management LLC boosted its position in shares of 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. Winch Advisory Services LLC boosted its position in shares of 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. Westside Investment Management Inc. boosted its position in shares of Phillips 66 by 239.2% in the first quarter. Westside Investment Management Inc. now owns 1,418 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 1,000 shares during the last quarter. FTB Advisors Inc. boosted its position in shares of Phillips 66 by 17.3% in the first quarter. FTB Advisors Inc. now owns 1,444 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 213 shares during the last quarter. Finally, Farmers National Bank bought a new position in shares of Phillips 66 during the first quarter valued at about $113,000. 69.98% of the stock is currently owned by institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be given 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 dividend yield of 3.41%. Phillips 66’s payout ratio is 86.96%.

Phillips 66 Company Profile

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.

Earnings History and Estimates for Phillips 66 (NYSE:PSX)




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