Phillips 66 (NYSE:PSX) – US Capital Advisors lowered their Q3 2018 EPS estimates for shares of Phillips 66 in a note issued to investors on Friday, June 29th. US Capital Advisors analyst C. Weiland now forecasts that the oil and gas company will post earnings per share of $2.18 for the quarter, down from their previous forecast of $2.38. US Capital Advisors also issued estimates for Phillips 66’s FY2018 earnings at $6.63 EPS and FY2019 earnings at $9.42 EPS.
Other analysts also recently issued reports about the company. Argus increased their price target on Phillips 66 to $133.00 and gave the company a “buy” rating in a report on Thursday, May 17th. ValuEngine upgraded Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Deutsche Bank lowered their price target on Phillips 66 from $106.00 to $102.00 and set a “hold” rating for the company in a report on Monday, March 19th. Citigroup raised their target price on Phillips 66 from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, March 13th. Finally, Credit Suisse Group restated a “neutral” rating and set a $110.00 target price on shares of Phillips 66 in a research note on Wednesday, March 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $108.25.
Shares of Phillips 66 opened at $110.51 on Monday, according to Marketbeat.com. Phillips 66 has a 12-month low of $80.73 and a 12-month high of $122.38. The firm has a market capitalization of $52.32 billion, a P/E ratio of 25.49, a P/E/G ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.31 and a quick ratio of 0.80.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, April 27th. The oil and gas company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. Phillips 66 had a return on equity of 10.00% and a net margin of 4.85%. The firm had revenue of $24.05 billion during the quarter, compared to the consensus estimate of $29.23 billion. During the same period in the prior year, the firm earned $0.56 EPS.
Several hedge funds have recently modified their holdings of the company. Summit Financial Group Inc. bought a new position in shares of Phillips 66 during the second quarter worth about $203,000. Private Trust Co. NA lifted its position in shares of Phillips 66 by 35.0% during the second quarter. Private Trust Co. NA now owns 12,319 shares of the oil and gas company’s stock worth $1,383,000 after purchasing an additional 3,195 shares during the last quarter. Avalon Advisors LLC lifted its position in shares of Phillips 66 by 5.1% during the first quarter. Avalon Advisors LLC now owns 9,527 shares of the oil and gas company’s stock worth $914,000 after purchasing an additional 460 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in shares of Phillips 66 during the first quarter worth about $1,622,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Phillips 66 during the first quarter worth about $190,000. 69.26% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Chukwuemeka A. Oyolu sold 6,900 shares of the stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $120.00, for a total transaction of $828,000.00. Following the transaction, the vice president now owns 8,177 shares of the company’s stock, valued at $981,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.
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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