Phillips 66 (NYSE:PSX - Free Report) - Equities researchers at Zacks Research reduced their FY2024 EPS estimates for Phillips 66 in a research note issued on Monday, January 27th. Zacks Research analyst R. Department now anticipates that the oil and gas company will earn $6.46 per share for the year, down from their previous forecast of $6.52. The consensus estimate for Phillips 66's current full-year earnings is $6.27 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.
Several other equities research analysts also recently commented on PSX. Mizuho dropped their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Piper Sandler cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Barclays reduced their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. UBS Group cut their price target on Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a report on Monday, November 4th. Finally, Scotiabank reduced their price target on Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Phillips 66 currently has an average rating of "Moderate Buy" and an average price target of $147.93.
Read Our Latest Analysis on PSX
Phillips 66 Stock Performance
Shares of PSX traded down $3.60 during mid-day trading on Wednesday, hitting $117.24. The stock had a trading volume of 7,253,655 shares, compared to its average volume of 3,044,853. 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 current ratio of 1.21 and a quick ratio of 0.83. The business has a fifty day moving average price of $120.86 and a 200-day moving average price of $128.72. The firm has a market cap of $48.42 billion, a P/E ratio of 15.05, a PEG ratio of 4.03 and a beta of 1.38.
Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. During the same quarter in the prior year, the business posted $3.09 earnings per share.
Institutional Trading of Phillips 66
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bogart Wealth LLC raised its position in shares of Phillips 66 by 120.0% in the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 120 shares in the last quarter. nVerses Capital LLC bought a new position in Phillips 66 in the third quarter worth $26,000. Stephens Consulting LLC lifted its position in Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after buying an additional 111 shares during the period. Values First Advisors Inc. bought a new stake in shares of Phillips 66 during the 3rd quarter valued at $30,000. Finally, Human Investing LLC purchased a new stake in shares of Phillips 66 in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 76.93% of the company's stock.
About Phillips 66
(
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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.
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