Phillips 66 - PSX Stock Forecast, Price & News

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 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. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.

Phillips 66 Stock Up 0.6 %

Shares of NYSE:PSX opened at $89.87 on Thursday. Phillips 66 has a 1 year low of $63.19 and a 1 year high of $111.28. The firm's 50-day moving average is $87.70 and its 200-day moving average is $88.08. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $43.23 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 0.46 and a beta of 1.41.

Phillips 66 (NYSE:PSX - Get Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $6.77 earnings per share for the quarter, beating the consensus estimate of $5.92 by $0.85. Phillips 66 had a net margin of 3.59% and a return on equity of 29.60%. The business had revenue of $49.31 billion for the quarter, compared to analyst estimates of $40.93 billion. During the same period in the prior year, the business posted $0.74 earnings per share. Phillips 66's revenue was up 76.8% compared to the same quarter last year. Equities analysts expect that Phillips 66 will post 15.79 EPS for the current year.

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Wednesday, August 17th. Phillips 66's dividend payout ratio is currently 33.42%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Credit Suisse Group lifted their price target on shares of Phillips 66 to $122.00 in a research report on Thursday, June 9th. Wells Fargo & Company upped their target price on shares of Phillips 66 from $114.00 to $127.00 and gave the company an "overweight" rating in a research note on Tuesday, June 14th. BMO Capital Markets initiated coverage on shares of Phillips 66 in a research report on Monday, June 13th. They issued an "outperform" rating and a $132.00 price target on the stock. Citigroup began coverage on shares of Phillips 66 in a research note on Tuesday, April 26th. They issued a "neutral" rating and a $89.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Phillips 66 from $102.00 to $112.00 in a report on Tuesday, May 17th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $108.29.

Insider Buying and Selling at Phillips 66

In related news, EVP Robert A. Herman sold 47,200 shares of the firm's stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $102.82, for a total transaction of $4,853,104.00. Following the sale, the executive vice president now owns 64,106 shares of the company's stock, valued at approximately $6,591,378.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Robert A. Herman sold 47,200 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $102.82, for a total transaction of $4,853,104.00. Following the completion of the sale, the executive vice president now directly owns 64,106 shares of the company's stock, valued at approximately $6,591,378.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Paula Ann Johnson sold 44,700 shares of Phillips 66 stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $108.91, for a total transaction of $4,868,277.00. Following the completion of the transaction, the vice president now directly owns 102,489 shares in the company, valued at approximately $11,162,076.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,700 shares of company stock valued at $32,327,782. Corporate insiders own 0.74% of the company's stock.