Phillips 66 (NYSE:PSX) – Stock analysts at US Capital Advisors cut their FY2018 EPS estimates for shares of Phillips 66 in a research note issued to investors on Monday, April 16th. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will earn $7.03 per share for the year, down from their prior estimate of $7.23. US Capital Advisors also issued estimates for Phillips 66’s Q4 2018 earnings at $1.59 EPS and FY2019 earnings at $9.27 EPS.
A number of other research firms also recently issued reports on PSX. ValuEngine downgraded Phillips 66 from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Citigroup increased their price target on Phillips 66 from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 13th. Goldman Sachs raised Phillips 66 to a “buy” rating in a research report on Monday, December 18th. Credit Suisse Group reissued a “neutral” rating and set a $110.00 price target on shares of Phillips 66 in a research report on Wednesday, March 7th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $102.00 price target on shares of Phillips 66 in a research report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. Phillips 66 currently has an average rating of “Hold” and an average price target of $104.19.
Phillips 66 (NYSE:PSX) last posted 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 return on equity of 9.18% and a net margin of 4.88%. The business had revenue of $30.12 billion for the quarter, compared to the consensus estimate of $30.71 billion. During the same quarter in the prior year, the company earned $0.16 EPS.
Hedge funds have recently modified their holdings of the stock. Farmers Trust Co. boosted its holdings in Phillips 66 by 7.6% in the fourth quarter. Farmers Trust Co. now owns 6,837 shares of the oil and gas company’s stock worth $691,000 after acquiring an additional 484 shares in the last quarter. Asset Advisors Corp boosted its holdings in Phillips 66 by 1.5% in the fourth quarter. Asset Advisors Corp now owns 34,375 shares of the oil and gas company’s stock worth $3,477,000 after acquiring an additional 500 shares in the last quarter. Duncker Streett & Co. Inc. boosted its holdings in Phillips 66 by 20.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 2,963 shares of the oil and gas company’s stock worth $300,000 after acquiring an additional 500 shares in the last quarter. Bollard Group LLC boosted its holdings in Phillips 66 by 1.5% in the fourth quarter. Bollard Group LLC now owns 38,988 shares of the oil and gas company’s stock worth $3,944,000 after acquiring an additional 558 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Phillips 66 by 1.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 53,248 shares of the oil and gas company’s stock worth $5,386,000 after acquiring an additional 563 shares in the last quarter. 77.74% of the stock is currently owned by institutional investors.
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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, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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