Phillips 66 (NYSE:PSX – Get Free Report) posted its quarterly earnings data on Friday. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.15), Briefing.com reports. The business had revenue of $36.44 billion for the quarter, compared to analysts’ expectations of $35.87 billion. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. During the same quarter in the prior year, the firm earned $4.21 earnings per share.
Phillips 66 Stock Down 3.7 %
Shares of Phillips 66 stock opened at $151.41 on Friday. Phillips 66 has a 1-year low of $89.74 and a 1-year high of $174.08. The company has a market capitalization of $64.78 billion, a P/E ratio of 11.65, a PEG ratio of 1.83 and a beta of 1.37. The business’s fifty day moving average price is $155.55 and its two-hundred day moving average price is $137.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 1.02.
Phillips 66 Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a $1.15 dividend. This is a boost from Phillips 66’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, May 17th. Phillips 66’s dividend payout ratio (DPR) is currently 32.31%.
Insider Activity
Wall Street Analyst Weigh In
PSX has been the topic of several research reports. The Goldman Sachs Group upped 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. Scotiabank upped their price target on Phillips 66 from $148.00 to $156.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Barclays lifted their price objective on shares of Phillips 66 from $139.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, April 18th. Mizuho dropped their target price on shares of Phillips 66 from $167.00 to $162.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Finally, Wells Fargo & Company raised their price target on shares of Phillips 66 from $179.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.00.
Check Out Our Latest Research Report on PSX
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.
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