Phillips 66 (NYSE:PSX – Free Report) – Analysts at Zacks Research cut their FY2024 EPS estimates for Phillips 66 in a research report issued on Monday, January 27th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings of $6.46 per share for the year, down from their prior estimate of $6.52. The consensus estimate for Phillips 66’s current full-year earnings is $6.41 per share. Zacks Research also issued estimates for Phillips 66’s Q4 2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $2.47 EPS, Q3 2025 earnings at $2.26 EPS, Q4 2025 earnings at $1.50 EPS, FY2025 earnings at $6.93 EPS, Q1 2026 earnings at $2.84 EPS, Q2 2026 earnings at $3.10 EPS, Q3 2026 earnings at $2.59 EPS, Q4 2026 earnings at $2.79 EPS and FY2026 earnings at $11.33 EPS.
PSX has been the topic of a number of other reports. Bank of America assumed coverage on shares of Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price objective on the stock. Barclays lowered their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. UBS Group lowered their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Mizuho reduced their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $147.93.
Phillips 66 Trading Down 1.2 %
NYSE PSX opened at $120.71 on Wednesday. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The stock’s 50 day moving average price is $121.08 and its two-hundred day moving average price is $128.77. The stock has a market capitalization of $49.85 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 3.78 and a beta of 1.38.
Phillips 66 (NYSE:PSX – Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company had revenue of $36.16 billion during the quarter, compared to analysts’ expectations of $36.31 billion. During the same period in the prior year, the firm earned $4.63 earnings per share. Phillips 66’s revenue for the quarter was down 10.3% compared to the same quarter last year.
Hedge Funds Weigh In On Phillips 66
Large investors have recently modified their holdings of the stock. nVerses Capital LLC bought a new position in Phillips 66 in the 3rd quarter valued at about $26,000. Bogart Wealth LLC lifted its holdings in shares of Phillips 66 by 120.0% during the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock worth $25,000 after buying an additional 120 shares in the last quarter. Values First Advisors Inc. bought a new stake in shares of Phillips 66 in the third quarter valued at about $30,000. Stephens Consulting LLC grew its stake in shares of Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 111 shares in the last quarter. Finally, Webster Bank N. A. increased its position in Phillips 66 by 48.4% during the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 88 shares during the period. 76.93% of the stock is owned by institutional investors.
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.
See Also
- Five stocks we like better than Phillips 66
- 3 Warren Buffett Stocks to Buy Now
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- How to Calculate Stock Profit
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- Election Stocks: How Elections Affect the Stock Market
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.