Press coverage about Phillips 66 (NYSE:PSX) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Phillips 66 earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.7581563831363 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several research firms have recently commented on PSX. Credit Suisse Group assumed coverage on Phillips 66 in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $108.00 price objective on the stock. Barclays restated a “sell” rating and set a $111.00 price target on shares of Phillips 66 in a report on Wednesday. Piper Jaffray Companies set a $93.00 price objective on Phillips 66 and gave the company a “buy” rating in a research report on Monday, November 13th. Vetr raised Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price target on the stock in a research report on Monday, November 27th. Finally, Zacks Investment Research cut Phillips 66 from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $96.66.
Shares of Phillips 66 (NYSE PSX) opened at $102.08 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.31 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $51,730.00, a price-to-earnings ratio of 25.71, a PEG ratio of 1.62 and a beta of 1.24. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $102.80.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The firm had revenue of $26.21 billion during the quarter, compared to analyst estimates of $29.94 billion. Phillips 66 had a return on equity of 7.58% and a net margin of 2.11%. During the same period in the prior year, the business posted $1.05 EPS. research analysts anticipate that Phillips 66 will post 4.5 earnings per share for the current fiscal year.
Phillips 66 declared that its Board of Directors has authorized a stock repurchase program on Monday, October 9th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the oil and gas company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
In related news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $100.25, for a total value of $270,675.00. Following the completion of the transaction, the vice president now owns 2,700 shares of the company’s stock, valued at approximately $270,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company’s stock.
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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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