Phillips 66 (PSX) Receives Media Sentiment Rating of 0.15

Media headlines about Phillips 66 (NYSE:PSX) have trended somewhat positive on Monday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Phillips 66 earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 45.9769455723862 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several equities research analysts have recently commented on PSX shares. Credit Suisse Group started coverage on Phillips 66 in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $108.00 price target for the company. Howard Weil upgraded Phillips 66 from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $86.00 to $98.00 in a research note on Thursday, September 28th. Piper Jaffray Companies restated a “buy” rating and set a $98.00 price target on shares of Phillips 66 in a research note on Tuesday, September 26th. Vetr upgraded Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price target for the company in a research note on Monday, October 16th. Finally, Cowen restated a “buy” rating and set a $101.00 price target on shares of Phillips 66 in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $95.19.

Phillips 66 (PSX) traded down $0.10 during trading hours on Monday, reaching $102.06. The company’s stock had a trading volume of 1,236,474 shares, compared to its average volume of 1,334,680. The stock has a market capitalization of $51,720.00, a PE ratio of 25.71, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.31 and a quick ratio of 0.86. Phillips 66 has a 1 year low of $75.14 and a 1 year high of $102.80.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.04. The firm had revenue of $26.21 billion during the quarter, compared to analysts’ expectations of $29.94 billion. Phillips 66 had a return on equity of 7.58% and a net margin of 2.11%. During the same quarter in the prior year, the business posted $1.05 earnings per share. sell-side analysts anticipate that Phillips 66 will post 4.5 EPS for the current fiscal year.

Phillips 66 declared that its board has initiated a stock buyback program on Monday, October 9th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $100.25, for a total value of $270,675.00. Following the completion of the transaction, the vice president now owns 2,700 shares in the company, valued at $270,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.

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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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