Phillips 66 (PSX) Hits New 12-Month Low at $89.05

Phillips 66 (NYSE:PSX) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $89.05 and last traded at $89.17, with a volume of 72328 shares trading hands. The stock had previously closed at $93.65.

Several research firms have recently weighed in on PSX. Zacks Investment Research cut Phillips 66 from a “buy” rating to a “hold” rating in a report on Thursday. Barclays upgraded Phillips 66 from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $133.00 to $128.00 in a report on Wednesday, October 3rd. ValuEngine cut Phillips 66 from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Wells Fargo & Co boosted their price target on Phillips 66 from $137.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, October 29th. Finally, Citigroup boosted their price target on Phillips 66 from $126.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, September 7th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $121.48.

The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $43.18 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.25 and a beta of 0.99.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, October 26th. The oil and gas company reported $3.10 EPS for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.60. Phillips 66 had a return on equity of 14.97% and a net margin of 5.72%. The company had revenue of $30.59 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same period in the previous year, the firm earned $1.66 earnings per share. On average, equities research analysts predict that Phillips 66 will post 8.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 19th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Friday, November 16th. Phillips 66’s dividend payout ratio (DPR) is presently 73.06%.

In other Phillips 66 news, Director J Brian Ferguson purchased 21,500 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were purchased at an average cost of $92.31 per share, with a total value of $1,984,665.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. SevenBridge Financial Group LLC grew its stake in Phillips 66 by 2.2% in the 2nd quarter. SevenBridge Financial Group LLC now owns 20,083 shares of the oil and gas company’s stock valued at $2,256,000 after purchasing an additional 435 shares during the period. M Holdings Securities Inc. grew its stake in shares of Phillips 66 by 19.7% during the 2nd quarter. M Holdings Securities Inc. now owns 2,670 shares of the oil and gas company’s stock worth $300,000 after acquiring an additional 439 shares during the period. CX Institutional grew its stake in shares of Phillips 66 by 3.4% during the 3rd quarter. CX Institutional now owns 13,250 shares of the oil and gas company’s stock worth $1,494,000 after acquiring an additional 440 shares during the period. Captrust Financial Advisors grew its stake in shares of Phillips 66 by 33.6% during the 2nd quarter. Captrust Financial Advisors now owns 1,820 shares of the oil and gas company’s stock worth $204,000 after acquiring an additional 458 shares during the period. Finally, Montag A & Associates Inc. grew its stake in shares of Phillips 66 by 10.5% during the 2nd quarter. Montag A & Associates Inc. now owns 5,002 shares of the oil and gas company’s stock worth $562,000 after acquiring an additional 477 shares during the period. 72.57% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This story was originally posted by WKRB News and is the sole property of of WKRB News. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.wkrb13.com/2018/11/23/phillips-66-psx-hits-new-12-month-low-at-89-05.html.

About Phillips 66 (NYSE:PSX)

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.

Featured Story: Insider Trading

Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply