Equities research analysts predict that Phillips 66 (NYSE:PSX – Get Rating) will post $31.47 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Phillips 66’s earnings, with estimates ranging from $23.18 billion to $40.44 billion. Phillips 66 posted sales of $21.93 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 43.5%. The business is expected to issue its next earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Phillips 66 will report full-year sales of $127.54 billion for the current financial year, with estimates ranging from $105.75 billion to $151.78 billion. For the next fiscal year, analysts expect that the business will post sales of $122.71 billion, with estimates ranging from $112.62 billion to $141.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Phillips 66.
Phillips 66 (NYSE:PSX – Get Rating) last released its quarterly earnings results on Friday, January 28th. The oil and gas company reported $2.94 earnings per share for the quarter, topping the consensus estimate of $1.93 by $1.01. Phillips 66 had a net margin of 1.15% and a return on equity of 12.11%. The firm had revenue of $33.57 billion during the quarter, compared to the consensus estimate of $27.11 billion. During the same quarter in the prior year, the firm earned ($1.16) EPS.
In other Phillips 66 news, EVP Robert A. Herman sold 8,169 shares of the company’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $85.87, for a total value of $701,472.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Greg C. Garland sold 126,300 shares of the company’s stock in a transaction dated Monday, February 7th. The shares were sold at an average price of $88.47, for a total transaction of $11,173,761.00. The disclosure for this sale can be found here. Insiders have sold 146,469 shares of company stock worth $12,955,593 over the last 90 days. 0.74% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Regentatlantic Capital LLC raised its stake in Phillips 66 by 0.6% during the fourth quarter. Regentatlantic Capital LLC now owns 37,479 shares of the oil and gas company’s stock worth $2,716,000 after purchasing an additional 230 shares during the period. Commerce Bank raised its stake in Phillips 66 by 7.0% during the third quarter. Commerce Bank now owns 55,009 shares of the oil and gas company’s stock worth $3,852,000 after purchasing an additional 3,583 shares during the period. Bank of Nova Scotia increased its position in shares of Phillips 66 by 36.4% in the third quarter. Bank of Nova Scotia now owns 94,063 shares of the oil and gas company’s stock worth $6,587,000 after acquiring an additional 25,119 shares in the last quarter. Mountain Capital Investment Advisors Inc increased its position in shares of Phillips 66 by 128.7% in the fourth quarter. Mountain Capital Investment Advisors Inc now owns 14,213 shares of the oil and gas company’s stock worth $1,224,000 after acquiring an additional 7,997 shares in the last quarter. Finally, Marco Investment Management LLC increased its position in shares of Phillips 66 by 11.8% in the third quarter. Marco Investment Management LLC now owns 39,584 shares of the oil and gas company’s stock worth $2,772,000 after acquiring an additional 4,167 shares in the last quarter. 67.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE PSX opened at $82.85 on Friday. Phillips 66 has a 12-month low of $63.19 and a 12-month high of $94.34. The stock has a market cap of $39.86 billion, a PE ratio of 27.99, a P/E/G ratio of 0.92 and a beta of 1.51. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $83.66 and a 200 day moving average of $80.05.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Shareholders of record on Tuesday, February 22nd were given a dividend of $0.92 per share. The ex-dividend date was Friday, February 18th. This represents a $3.68 annualized dividend and a yield of 4.44%. Phillips 66’s payout ratio is currently 124.32%.
Phillips 66 Company Profile (Get Rating)
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 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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