Phillips 66 (NYSE:PSX) – Investment analysts at Jefferies Financial Group issued their Q3 2018 earnings per share (EPS) estimates for shares of Phillips 66 in a note issued to investors on Tuesday, October 16th. Jefferies Financial Group analyst C. Sighinolfi expects that the oil and gas company will earn $2.54 per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $108.00 target price on the stock. Jefferies Financial Group also issued estimates for Phillips 66’s Q4 2018 earnings at $1.71 EPS, FY2018 earnings at $8.05 EPS, Q1 2019 earnings at $1.63 EPS, Q2 2019 earnings at $2.71 EPS, Q3 2019 earnings at $2.53 EPS, Q4 2019 earnings at $2.15 EPS, FY2019 earnings at $9.01 EPS, FY2020 earnings at $10.37 EPS, FY2021 earnings at $8.67 EPS and FY2022 earnings at $8.06 EPS.
Phillips 66 (NYSE:PSX) last released its earnings results on Friday, July 27th. The oil and gas company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.64. The company had revenue of $29.74 billion during the quarter, compared to the consensus estimate of $29.40 billion. Phillips 66 had a return on equity of 12.87% and a net margin of 5.34%. During the same quarter in the previous year, the company posted $1.09 earnings per share.
PSX stock opened at $109.12 on Thursday. The firm has a market cap of $52.33 billion, a PE ratio of 24.91, a PEG ratio of 1.69 and a beta of 1.01. Phillips 66 has a twelve month low of $89.14 and a twelve month high of $123.97. The company has a quick ratio of 0.82, a current ratio of 1.24 and a debt-to-equity ratio of 0.44.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 19th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, November 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.93%. Phillips 66’s dividend payout ratio (DPR) is presently 73.06%.
Institutional investors have recently made changes to their positions in the stock. Acropolis Investment Management LLC acquired a new stake in shares of Phillips 66 during the second quarter worth $106,000. Tuttle Tactical Management acquired a new position in Phillips 66 in the second quarter valued at about $107,000. Baker Ellis Asset Management LLC acquired a new position in Phillips 66 in the second quarter valued at about $111,000. Kaizen Advisory LLC grew its stake in Phillips 66 by 144.3% in the second quarter. Kaizen Advisory LLC now owns 1,004 shares of the oil and gas company’s stock valued at $113,000 after acquiring an additional 593 shares during the period. Finally, Omnia Family Wealth LLC grew its stake in Phillips 66 by 3,040.6% in the second quarter. Omnia Family Wealth LLC now owns 1,005 shares of the oil and gas company’s stock valued at $113,000 after acquiring an additional 973 shares during the period. 69.47% of the stock is owned by institutional investors and hedge funds.
Phillips 66 Company Profile
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.
Read More: Earnings Per Share (EPS) Explained
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