Phillips 66 (NYSE:PSX – Get Free Report) announced 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. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. During the same period in the prior year, the firm earned $4.21 EPS.
Phillips 66 Stock Down 3.6 %
Shares of PSX stock opened at $151.52 on Friday. Phillips 66 has a 12 month low of $89.74 and a 12 month high of $174.08. The firm has a market cap of $64.82 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The stock has a 50 day moving average of $155.55 and a 200-day moving average of $136.88. 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 announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a $1.15 dividend. This is a positive change 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 payout ratio is 27.15%.
Insider Transactions at Phillips 66
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Phillips 66 from $149.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Piper Sandler boosted their price target on shares of Phillips 66 from $169.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Mizuho dropped their price target on shares of Phillips 66 from $167.00 to $162.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. StockNews.com cut shares of Phillips 66 from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Bank of America boosted their price target on shares of Phillips 66 from $150.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.00.
View Our Latest Report on Phillips 66
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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