Equities analysts forecast that Phillips 66 (NYSE:PSX) will post earnings per share of $1.25 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Phillips 66’s earnings. The highest EPS estimate is $1.69 and the lowest is $0.74. Phillips 66 posted earnings of $0.56 per share in the same quarter last year, which would suggest a positive year over year growth rate of 123.2%. The business is expected to issue its next earnings results on Friday, April 27th.

According to Zacks, analysts expect that Phillips 66 will report full-year earnings of $7.21 per share for the current financial year, with EPS estimates ranging from $5.60 to $8.89. For the next fiscal year, analysts forecast that the firm will post earnings of $7.28 per share, with EPS estimates ranging from $5.35 to $8.29. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Phillips 66.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.21. Phillips 66 had a net margin of 4.88% and a return on equity of 9.52%. The firm had revenue of $30.12 billion for the quarter, compared to the consensus estimate of $30.71 billion. During the same period in the prior year, the firm posted $0.16 earnings per share.

A number of equities research analysts have recently issued reports on the stock. Cowen reissued an “outperform” rating and issued a $137.00 price target (up from $125.00) on shares of Phillips 66 in a report on Wednesday, February 14th. Citigroup lowered their price target on shares of Phillips 66 from $110.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Royal Bank of Canada reissued a “hold” rating and issued a $106.00 price target on shares of Phillips 66 in a report on Tuesday, January 30th. Piper Jaffray Companies reissued a “buy” rating and issued a $115.00 price target on shares of Phillips 66 in a report on Monday, January 22nd. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Phillips 66 in a report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $103.89.

In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $100.25, for a total transaction of $270,675.00. Following the transaction, the vice president now directly owns 2,700 shares in the company, valued at $270,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PSX. Prudential PLC grew its position in Phillips 66 by 2.7% during the second quarter. Prudential PLC now owns 463,852 shares of the oil and gas company’s stock valued at $38,356,000 after acquiring an additional 12,407 shares during the last quarter. Flinton Capital Management LLC grew its position in Phillips 66 by 3.4% during the second quarter. Flinton Capital Management LLC now owns 10,164 shares of the oil and gas company’s stock valued at $840,000 after acquiring an additional 336 shares during the last quarter. San Francisco Sentry Investment Group CA grew its position in Phillips 66 by 13.6% during the second quarter. San Francisco Sentry Investment Group CA now owns 21,590 shares of the oil and gas company’s stock valued at $1,786,000 after acquiring an additional 2,578 shares during the last quarter. Janus Henderson Group PLC grew its position in Phillips 66 by 311.9% during the second quarter. Janus Henderson Group PLC now owns 265,741 shares of the oil and gas company’s stock valued at $21,975,000 after acquiring an additional 201,231 shares during the last quarter. Finally, Colonial Trust Advisors grew its position in Phillips 66 by 12.6% during the second quarter. Colonial Trust Advisors now owns 5,884 shares of the oil and gas company’s stock valued at $487,000 after acquiring an additional 657 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Shares of Phillips 66 (NYSE PSX) traded down $1.41 during trading on Wednesday, hitting $89.58. 2,220,913 shares of the stock were exchanged, compared to its average volume of 2,215,190. Phillips 66 has a 52-week low of $75.14 and a 52-week high of $107.47. The stock has a market capitalization of $46,110.00, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 1.31.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Friday, February 16th. Phillips 66’s dividend payout ratio (DPR) is 70.53%.

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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.

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