Phillips 66 (PSX) Scheduled to Post Earnings on Friday

Phillips 66 (NYSE:PSX) is set to release its earnings data before the market opens on Friday, April 26th. Analysts expect Phillips 66 to post earnings of $2.60 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, January 31st. The oil and gas company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.72. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. The company had revenue of $38.74 billion for the quarter, compared to analyst estimates of $34.30 billion. On average, analysts expect Phillips 66 to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $153.31 on Friday. Phillips 66 has a 52 week low of $89.74 and a 52 week high of $174.08. The business’s fifty day simple moving average is $154.22 and its 200-day simple moving average is $135.06. The firm has a market cap of $65.59 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.99 and a beta of 1.37. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 0.56.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $1.15 per share. This is an increase from Phillips 66’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, May 17th. This represents a $4.60 annualized dividend and a yield of 3.00%. Phillips 66’s dividend payout ratio is 27.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Bank of America increased their price objective on Phillips 66 from $150.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Barclays increased their target price on Phillips 66 from $139.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group raised their price objective on Phillips 66 from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Citigroup started coverage on Phillips 66 in a research note on Wednesday, January 24th. They issued a “buy” rating for the company. Finally, StockNews.com downgraded Phillips 66 from a “buy” rating to a “hold” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and an average target price of $158.00.

Insider Buying and Selling

In other news, Director Robert W. Pease purchased 682 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was bought at an average cost of $146.58 per share, for a total transaction of $99,967.56. Following the completion of the acquisition, the director now directly owns 1,900 shares of the company’s stock, valued at $278,502. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Robert W. Pease acquired 682 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were bought at an average cost of $146.58 per share, with a total value of $99,967.56. Following the completion of the acquisition, the director now owns 1,900 shares of the company’s stock, valued at $278,502. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Joseph Scott Pruitt sold 7,200 shares of Phillips 66 stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $157.26, for a total transaction of $1,132,272.00. Following the completion of the transaction, the vice president now owns 6,583 shares of the company’s stock, valued at approximately $1,035,242.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,056 shares of company stock worth $5,272,681. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Phillips 66

Institutional investors have recently bought and sold shares of the business. 1832 Asset Management L.P. acquired a new position in shares of Phillips 66 in the 1st quarter valued at $127,000. Fortis Capital Advisors LLC bought a new stake in shares of Phillips 66 in the 4th quarter valued at about $125,000. Parkside Financial Bank & Trust raised its holdings in Phillips 66 by 68.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 739 shares of the oil and gas company’s stock valued at $65,000 after acquiring an additional 299 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Phillips 66 in the 1st quarter valued at about $58,000. Finally, Covestor Ltd raised its holdings in Phillips 66 by 129.7% in the 1st quarter. Covestor Ltd now owns 641 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 362 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. 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 petroleum products to market; provides terminaling and storage services for crude oil and refined 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.