Zacks Research Has Negative View of Phillips 66 Q3 Earnings

Phillips 66 (NYSE:PSX - Free Report) - Equities researchers at Zacks Research lowered their Q3 2025 earnings per share estimates for Phillips 66 in a research report issued on Wednesday, April 16th. Zacks Research analyst R. Department now anticipates that the oil and gas company will earn $1.70 per share for the quarter, down from their previous forecast of $1.71. The consensus estimate for Phillips 66's current full-year earnings is $6.80 per share.

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Raymond James decreased their price objective on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Piper Sandler lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Mizuho decreased their target price on Phillips 66 from $140.00 to $132.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Finally, Wolfe Research raised shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $142.00.

Phillips 66 Price Performance

NYSE PSX traded up $2.40 during trading hours on Friday, reaching $103.30. 1,287,503 shares of the company's stock were exchanged, compared to its average volume of 2,890,435. Phillips 66 has a one year low of $91.01 and a one year high of $159.25. The stock has a market cap of $42.09 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 4.84 and a beta of 1.17. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $117.31 and a 200-day moving average of $121.80.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter last year, the business earned $3.09 earnings per share.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 4.65%. Phillips 66's payout ratio is currently 93.12%.

Hedge Funds Weigh In On Phillips 66

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Phillips 66 by 283.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company's stock worth $686,618,000 after acquiring an additional 4,455,220 shares during the period. Norges Bank acquired a new stake in Phillips 66 during the 4th quarter valued at $497,648,000. Raymond James Financial Inc. bought a new position in Phillips 66 during the fourth quarter worth $168,790,000. Capitolis Liquid Global Markets LLC acquired a new position in shares of Phillips 66 in the fourth quarter valued at $142,185,000. Finally, GAMMA Investing LLC raised its position in shares of Phillips 66 by 14,119.5% in the first quarter. GAMMA Investing LLC now owns 1,189,606 shares of the oil and gas company's stock valued at $146,893,000 after purchasing an additional 1,181,240 shares during the period. Institutional investors own 76.93% of the company's stock.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. 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 petroleum products to market; provides terminaling and storage services for crude oil and refined 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.