Phillips 66 (NYSE:PSX) Earning Somewhat Positive Media Coverage, Study Shows

Headlines about Phillips 66 (NYSE:PSX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Phillips 66 earned a news impact score of 0.23 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.4911120572266 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

• Financial Comparison: Phillips 66 (PSX) and Suburban Propane Partners, L.P. (SPH) (americanbankingnews.com)
• Investors Buy Shares of Phillips 66 (NYSE:PSX) on Weakness – Newburgh Gazette (newburghgazette.com)
• Phillips 66 (PSX) Stake Down in Latest Report from Ruffer Llp – Modern Readers (modernreaders.com)
• Credit Agricole SA Cuts Stake in Phillips 66 (PSX) (naijaoversabi.com)
• Van ECK Associates Corp Increases Position in Phillips 66 (PSX) (fishinghd.com)

Phillips 66 (PSX) traded up 0.53% during mid-day trading on Monday, reaching $83.88. 1,758,701 shares of the company’s stock traded hands. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $88.87. The firm has a market cap of $42.91 billion, a PE ratio of 25.08 and a beta of 1.22. The firm has a 50 day moving average of $83.20 and a 200 day moving average of $79.78.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The company had revenue of $24.58 billion for the quarter, compared to analyst estimates of $25.14 billion. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. During the same period in the prior year, the firm earned $0.94 earnings per share. Analysts forecast that Phillips 66 will post $4.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Wednesday, August 16th. Phillips 66’s payout ratio is presently 83.58%.

Several research analysts recently commented on PSX shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $87.00 target price on shares of Phillips 66 in a report on Thursday, April 20th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $88.00 target price on shares of Phillips 66 in a report on Thursday, May 25th. Scotiabank set a $86.00 target price on shares of Phillips 66 and gave the stock a “hold” rating in a report on Monday, May 1st. Zacks Investment Research downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, TheStreet upgraded shares of Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Phillips 66 presently has a consensus rating of “Hold” and an average target price of $83.53.

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.