Analysts expect Phillips 66 (NYSE:PSX) to announce earnings of $2.23 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Phillips 66’s earnings, with the highest EPS estimate coming in at $2.60 and the lowest estimate coming in at $1.41. Phillips 66 posted earnings per share of $4.87 in the same quarter last year, which indicates a negative year over year growth rate of 54.2%. The company is expected to announce its next earnings results on Friday, February 14th.

On average, analysts expect that Phillips 66 will report full year earnings of $8.72 per share for the current year, with EPS estimates ranging from $7.93 to $9.12. For the next financial year, analysts forecast that the business will post earnings of $10.71 per share, with EPS estimates ranging from $10.13 to $11.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Phillips 66.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, October 25th. The oil and gas company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.51. Phillips 66 had a net margin of 4.17% and a return on equity of 19.31%. The firm had revenue of $27.77 billion for the quarter, compared to analyst estimates of $28.31 billion. During the same period in the previous year, the business earned $3.10 EPS.

Several brokerages have issued reports on PSX. Evercore ISI began coverage on shares of Phillips 66 in a research note on Wednesday, October 2nd. They issued an “outperform” rating on the stock. Macquarie began coverage on shares of Phillips 66 in a research note on Thursday, September 5th. They issued an “outperform” rating on the stock. Wells Fargo & Co boosted their price objective on shares of Phillips 66 from $130.00 to $132.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Scotiabank began coverage on shares of Phillips 66 in a research note on Tuesday, September 3rd. They set an “outperform” rating on the stock. Finally, Cowen boosted their price objective on shares of Phillips 66 from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Phillips 66 currently has a consensus rating of “Buy” and an average target price of $119.80.

PSX stock traded up $0.29 during midday trading on Friday, hitting $118.65. The company’s stock had a trading volume of 1,231,376 shares, compared to its average volume of 2,604,609. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 0.84. Phillips 66 has a twelve month low of $78.44 and a twelve month high of $119.92. The company’s fifty day moving average price is $111.13 and its 200 day moving average price is $98.73. The stock has a market capitalization of $53.07 billion, a P/E ratio of 10.13, a PEG ratio of 2.11 and a beta of 1.10.

The company 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 dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.60 annualized dividend and a dividend yield of 3.03%. Phillips 66’s dividend payout ratio is presently 30.74%.

In related news, EVP Robert A. Herman sold 47,433 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $103.17, for a total value of $4,893,662.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Chukwuemeka A. Oyolu sold 464 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $119.53, for a total transaction of $55,461.92. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can grew its stake in Phillips 66 by 9.4% in the 2nd quarter. Bank of Montreal Can now owns 852,142 shares of the oil and gas company’s stock valued at $79,710,000 after buying an additional 73,004 shares during the last quarter. First Merchants Corp boosted its holdings in Phillips 66 by 13.5% in the 2nd quarter. First Merchants Corp now owns 17,797 shares of the oil and gas company’s stock valued at $1,665,000 after purchasing an additional 2,117 shares during the period. Mitchell Capital Management Co. boosted its holdings in Phillips 66 by 23.4% in the 2nd quarter. Mitchell Capital Management Co. now owns 17,944 shares of the oil and gas company’s stock valued at $1,678,000 after purchasing an additional 3,405 shares during the period. Copeland Capital Management LLC boosted its holdings in Phillips 66 by 44.1% in the 2nd quarter. Copeland Capital Management LLC now owns 45,198 shares of the oil and gas company’s stock valued at $4,227,000 after purchasing an additional 13,840 shares during the period. Finally, Baxter Bros Inc. boosted its holdings in Phillips 66 by 8.7% in the 2nd quarter. Baxter Bros Inc. now owns 13,334 shares of the oil and gas company’s stock valued at $1,247,000 after purchasing an additional 1,070 shares during the period. Institutional investors and hedge funds own 69.17% of the company’s stock.

Phillips 66 Company Profile

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

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