Media coverage about Phillips 66 (NYSE:PSX) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Phillips 66 earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.3543553375232 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Phillips 66 to Announce First-Quarter Financial Results (markets.financialcontent.com)
- Phillips 66 Partners to Announce First-Quarter Financial Results (markets.financialcontent.com)
- Why Wall Street Analysts Expect Phillips 66’s Dividend to Grow (finance.yahoo.com)
- Phillips 66 Ranks 5th with Analysts for Its Premium Valuations – Market Realist (marketrealist.com)
A number of equities research analysts recently weighed in on the stock. Deutsche Bank lowered their target price on shares of Phillips 66 from $106.00 to $102.00 and set a “hold” rating on the stock in a report on Monday. Citigroup upped their target price on shares of Phillips 66 from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, March 13th. Credit Suisse Group restated a “neutral” rating and issued a $110.00 target price on shares of Phillips 66 in a report on Wednesday, March 7th. ValuEngine upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Cowen restated an “outperform” rating and issued a $137.00 target price (up previously from $125.00) on shares of Phillips 66 in a report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. Phillips 66 presently has a consensus rating of “Hold” and an average target price of $103.37.
Phillips 66 stock traded down $1.45 during trading hours on Thursday, reaching $94.70. 1,396,063 shares of the company’s stock traded hands, compared to its average volume of 2,259,756. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.42. The stock has a market cap of $44,364.15, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18. Phillips 66 has a 52-week low of $75.14 and a 52-week high of $107.47.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.21. Phillips 66 had a net margin of 4.88% and a return on equity of 9.18%. The firm had revenue of $30.12 billion during the quarter, compared to analyst estimates of $30.71 billion. During the same quarter last year, the business posted $0.16 EPS. analysts expect that Phillips 66 will post 6.7 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Friday, February 16th. Phillips 66’s dividend payout ratio is currently 28.20%.
About Phillips 66
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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