Q3 2019 EPS Estimates for Phillips 66 Lifted by Analyst (NYSE:PSX)

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.

Shares of Phillips 66 stock opened at $108.20 on Monday. The company’s fifty day simple moving average is $103.15 and its 200-day simple moving average is $95.95. The company has a market cap of $48.09 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 2.13 and a beta of 1.07. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. Phillips 66 has a 1 year low of $78.44 and a 1 year high of $108.57.

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.

Further Reading: Why does a company issue an IPO?

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

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit