News coverage about Phillips 66 (NYSE:PSX) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public 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 0.15 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 45.9929808881168 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
Phillips 66 (NYSE PSX) traded up $0.29 on Thursday, reaching $102.37. The company had a trading volume of 1,358,615 shares, compared to its average volume of 1,317,988. Phillips 66 has a 1 year low of $75.14 and a 1 year high of $102.80. The company has a current ratio of 1.31, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The firm has a market cap of $51,880.00, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $26.21 billion for 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 quarter last year, the company earned $1.05 EPS. research analysts anticipate that Phillips 66 will post 4.5 earnings per share for the current year.
Phillips 66 announced that its board has initiated a share repurchase plan on Monday, October 9th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several equities analysts have recently commented on PSX shares. Barclays lowered Phillips 66 from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $95.00 to $100.00 in a research note on Tuesday, November 14th. Goldman Sachs Group raised Phillips 66 to a “buy” rating in a research note on Monday, December 18th. Zacks Investment Research raised Phillips 66 from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, October 10th. US Capital Advisors lowered Phillips 66 from an “overweight” rating to a “hold” rating in a research note on Monday, December 4th. Finally, Jefferies Group lowered Phillips 66 from a “hold” rating to an “underperform” rating and decreased their price target for the company from $95.00 to $75.14 in a research note on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Phillips 66 currently has a consensus rating of “Hold” and an average target price of $96.66.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $100.25, for a total value of $270,675.00. Following the sale, the vice president now owns 2,700 shares of the company’s stock, valued at approximately $270,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.
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Phillips 66 Company Profile
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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