Phillips 66 (NYSE:PSX) – Stock analysts at US Capital Advisors boosted their Q3 2019 earnings per share (EPS) estimates for Phillips 66 in a research note issued to investors on Wednesday, October 16th. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will post earnings per share of $2.61 for the quarter, up from their prior estimate of $2.20. US Capital Advisors also issued estimates for Phillips 66’s Q4 2019 earnings at $1.41 EPS, FY2019 earnings at $7.43 EPS, Q1 2020 earnings at $1.55 EPS, Q2 2020 earnings at $3.35 EPS, Q3 2020 earnings at $3.31 EPS, Q4 2020 earnings at $2.57 EPS and FY2020 earnings at $10.77 EPS.
Other equities research analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Phillips 66 from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Macquarie assumed coverage on shares of Phillips 66 in a research note on Thursday, September 5th. They issued an “outperform” rating on the stock. Scotiabank assumed coverage on shares of Phillips 66 in a research note on Tuesday, September 3rd. They issued an “outperform” rating on the stock. Raymond James raised their price objective on shares of Phillips 66 from $117.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Phillips 66 from $126.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Phillips 66 currently has a consensus rating of “Buy” and an average price target of $113.80.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, July 26th. The oil and gas company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.70 by $0.32. The company had revenue of $28.52 billion for the quarter, compared to the consensus estimate of $29.89 billion. Phillips 66 had a return on equity of 19.75% and a net margin of 4.76%. During the same quarter last year, the company posted $2.80 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.60 annualized dividend and a dividend yield of 3.33%. Phillips 66’s payout ratio is 30.74%.
In other Phillips 66 news, EVP Robert A. Herman sold 47,433 shares of Phillips 66 stock in a transaction on Monday, September 16th. The shares were sold at an average price of $103.17, for a total transaction of $4,893,662.61. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of PSX. Advisors Preferred LLC acquired a new stake in Phillips 66 during the second quarter worth $25,000. TRUE Private Wealth Advisors bought a new position in shares of Phillips 66 during the second quarter valued at $26,000. Atwater Malick LLC bought a new position in shares of Phillips 66 during the third quarter valued at $27,000. Manchester Financial Inc. bought a new position in shares of Phillips 66 during the second quarter valued at $32,000. Finally, Coastal Capital Group Inc. bought a new position in shares of Phillips 66 during the second quarter valued at $37,000. Hedge funds and other institutional investors own 68.74% of the company’s stock.
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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