Wall Street analysts expect Phillips 66 (NYSE:PSX) to post sales of $28.13 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Phillips 66’s earnings. The highest sales estimate is $29.02 billion and the lowest is $26.71 billion. Phillips 66 reported sales of $30.59 billion in the same quarter last year, which would suggest a negative year over year growth rate of 8%. The company is scheduled to report its next earnings results on Friday, October 25th.
On average, analysts expect that Phillips 66 will report full-year sales of $109.36 billion for the current year, with estimates ranging from $109.03 billion to $109.56 billion. For the next financial year, analysts anticipate that the firm will report sales of $126.43 billion, with estimates ranging from $114.66 billion to $139.79 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Phillips 66.
Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, July 26th. The oil and gas company reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.32. The company had revenue of $28.52 billion during the quarter, compared to the consensus estimate of $29.89 billion. Phillips 66 had a net margin of 4.76% and a return on equity of 19.88%. During the same period in the previous year, the firm posted $2.80 earnings per share.
In related news, Director John E. Lowe bought 2,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average price of $82.91 per share, with a total value of $165,820.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Phillips 66 during the 4th quarter valued at about $386,757,000. LSV Asset Management grew its stake in Phillips 66 by 43.3% during the 1st quarter. LSV Asset Management now owns 4,589,195 shares of the oil and gas company’s stock valued at $436,753,000 after acquiring an additional 1,387,767 shares in the last quarter. AQR Capital Management LLC grew its stake in Phillips 66 by 54.9% during the 1st quarter. AQR Capital Management LLC now owns 3,332,763 shares of the oil and gas company’s stock valued at $315,479,000 after acquiring an additional 1,181,277 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Phillips 66 by 7.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,645,296 shares of the oil and gas company’s stock valued at $1,175,542,000 after acquiring an additional 958,545 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Phillips 66 by 126.5% during the 2nd quarter. First Trust Advisors LP now owns 1,421,214 shares of the oil and gas company’s stock valued at $132,940,000 after acquiring an additional 793,875 shares in the last quarter. 70.14% of the stock is owned by institutional investors and hedge funds.
Shares of Phillips 66 stock traded down $1.05 during trading hours on Friday, reaching $102.56. The stock had a trading volume of 2,307,456 shares, compared to its average volume of 2,704,646. The company’s 50 day simple moving average is $95.56. The stock has a market cap of $46.41 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 2.12 and a beta of 1.08. Phillips 66 has a twelve month low of $78.44 and a twelve month high of $123.97. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.51%. Phillips 66’s dividend payout ratio is currently 30.74%.
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; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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