Phillips 66 (PSX) to Release Quarterly Earnings on Friday

Phillips 66 (NYSE:PSXGet Rating) will be announcing its earnings results before the market opens on Friday, April 29th. Analysts expect the company to announce earnings of $1.84 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Phillips 66 (NYSE:PSXGet Rating) last released its quarterly earnings data on Friday, January 28th. The oil and gas company reported $2.94 EPS for the quarter, beating the consensus estimate of $1.93 by $1.01. Phillips 66 had a return on equity of 12.11% and a net margin of 1.15%. The company had revenue of $33.57 billion for the quarter, compared to analyst estimates of $27.11 billion. During the same period last year, the company posted ($1.16) earnings per share. On average, analysts expect Phillips 66 to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

NYSE:PSX opened at $85.95 on Friday. Phillips 66 has a 12 month low of $63.19 and a 12 month high of $94.34. The firm has a market capitalization of $41.35 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 0.92 and a beta of 1.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.15 and a quick ratio of 0.88. The business’s 50-day moving average is $83.47 and its two-hundred day moving average is $80.42.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of record on Tuesday, February 22nd were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Friday, February 18th. Phillips 66’s payout ratio is 124.32%.

A number of analysts have recently issued reports on the company. StockNews.com assumed coverage on Phillips 66 in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Raymond James lifted their target price on Phillips 66 from $100.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, January 31st. Wells Fargo & Company lifted their target price on Phillips 66 from $97.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday. Piper Sandler lifted their price target on Phillips 66 from $107.00 to $119.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, TheStreet upgraded Phillips 66 from a “c+” rating to a “b” rating in a research note on Wednesday, February 23rd. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Phillips 66 has an average rating of “Buy” and an average price target of $95.40.

In related news, CEO Greg C. Garland sold 126,300 shares of the business’s stock in a transaction that occurred on Monday, February 7th. The stock was sold at an average price of $88.47, for a total transaction of $11,173,761.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert A. Herman sold 8,169 shares of the business’s stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $85.87, for a total value of $701,472.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,469 shares of company stock worth $12,955,593. Corporate insiders own 0.74% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Zullo Investment Group Inc. acquired a new position in shares of Phillips 66 in the 4th quarter worth $139,000. Albion Financial Group UT raised its position in shares of Phillips 66 by 3,636.4% during the fourth quarter. Albion Financial Group UT now owns 2,466 shares of the oil and gas company’s stock worth $179,000 after purchasing an additional 2,400 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Phillips 66 during the fourth quarter worth $210,000. Horizon Investments LLC raised its position in shares of Phillips 66 by 7.1% during the fourth quarter. Horizon Investments LLC now owns 3,224 shares of the oil and gas company’s stock worth $234,000 after purchasing an additional 214 shares during the period. Finally, Toroso Investments LLC acquired a new stake in shares of Phillips 66 during the fourth quarter worth $267,000. 67.65% of the stock is currently owned by hedge funds and other institutional investors.

About Phillips 66 (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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Earnings History for Phillips 66 (NYSE:PSX)

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