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.
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