Phillips 66 (NYSE:PSX) – Analysts at US Capital Advisors raised their Q1 2018 earnings estimates for Phillips 66 in a report released on Monday, April 16th. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will earn $0.89 per share for the quarter, up from their prior forecast of $0.64. US Capital Advisors also issued estimates for Phillips 66’s Q2 2018 earnings at $2.20 EPS and Q3 2018 earnings at $2.38 EPS.
Several other brokerages have also recently commented on PSX. ValuEngine cut Phillips 66 from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Citigroup increased their price target on Phillips 66 from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, March 13th. Credit Suisse Group reissued a “neutral” rating and set a $110.00 price target on shares of Phillips 66 in a research report on Wednesday, March 7th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $102.00 price objective on shares of Phillips 66 in a research report on Wednesday, December 20th. Finally, Deutsche Bank cut their price objective on Phillips 66 from $106.00 to $102.00 and set a “hold” rating for the company in a research report on Monday, March 19th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $104.19.
Shares of NYSE PSX opened at $108.89 on Wednesday. Phillips 66 has a 52 week low of $75.14 and a 52 week high of $110.09. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. The company has a market cap of $49,831.53, a P/E ratio of 24.86, a P/E/G ratio of 1.84 and a beta of 1.07.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.86 by $0.21. Phillips 66 had a return on equity of 9.18% and a net margin of 4.88%. The firm had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $30.71 billion. During the same period in the prior year, the firm posted $0.16 earnings per share.
A number of large investors have recently added to or reduced their stakes in the stock. Colonial Trust Advisors lifted its holdings in Phillips 66 by 11.7% during the 4th quarter. Colonial Trust Advisors now owns 6,571 shares of the oil and gas company’s stock worth $665,000 after purchasing an additional 687 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA acquired a new stake in Phillips 66 during the 4th quarter worth approximately $7,224,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Phillips 66 by 26.5% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 313,966 shares of the oil and gas company’s stock worth $31,758,000 after purchasing an additional 65,727 shares during the last quarter. Intercontinental Wealth Advisors LLC acquired a new stake in Phillips 66 during the 4th quarter worth approximately $223,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Phillips 66 during the 4th quarter worth approximately $119,000. 77.74% of the stock is owned by institutional investors and hedge funds.
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About Phillips 66
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, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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