Phillips 66 (NYSE:PSX – Free Report) – Research analysts at Zacks Research upped their Q3 2024 EPS estimates for shares of Phillips 66 in a report issued on Friday, May 17th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of $3.69 per share for the quarter, up from their previous estimate of $3.46. The consensus estimate for Phillips 66’s current full-year earnings is $12.38 per share. Zacks Research also issued estimates for Phillips 66’s Q3 2025 earnings at $3.68 EPS, Q1 2026 earnings at $3.24 EPS and FY2026 earnings at $13.04 EPS.
Several other analysts have also recently commented on PSX. Citigroup began coverage on Phillips 66 in a research report on Wednesday, January 24th. They set a “buy” rating for the company. Bank of America upped their target price on shares of Phillips 66 from $150.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Wells Fargo & Company raised their price target on shares of Phillips 66 from $179.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. The Goldman Sachs Group upped their price objective on shares of Phillips 66 from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Finally, Piper Sandler decreased their target price on shares of Phillips 66 from $187.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 14th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.21.
Get Our Latest Analysis on Phillips 66
Phillips 66 Price Performance
NYSE:PSX opened at $147.08 on Monday. The stock has a 50 day moving average of $155.59 and a two-hundred day moving average of $140.68. Phillips 66 has a 12 month low of $89.74 and a 12 month high of $174.08. The firm has a market cap of $62.35 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.98 and a beta of 1.41. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58.
Phillips 66 (NYSE:PSX – Get Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). The company had revenue of $36.44 billion for the quarter, compared to analysts’ expectations of $35.87 billion. Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. During the same period in the prior year, the firm earned $4.21 EPS.
Institutional Investors Weigh In On Phillips 66
Institutional investors and hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its position in shares of Phillips 66 by 12.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 201,592 shares of the oil and gas company’s stock worth $26,501,000 after acquiring an additional 22,278 shares during the period. Eldred Rock Partners LLC acquired a new stake in Phillips 66 in the 4th quarter valued at about $10,402,000. First Dallas Securities Inc. purchased a new position in shares of Phillips 66 in the 3rd quarter valued at about $753,000. TIAA Trust National Association boosted its stake in shares of Phillips 66 by 32.9% in the 4th quarter. TIAA Trust National Association now owns 14,816 shares of the oil and gas company’s stock valued at $1,973,000 after buying an additional 3,670 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of Phillips 66 by 27.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 48,601 shares of the oil and gas company’s stock worth $6,470,000 after buying an additional 10,536 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.
Insider Buying and Selling
In other news, VP Joseph Scott Pruitt sold 5,922 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $157.40, for a total value of $932,122.80. Following the sale, the vice president now directly owns 6,583 shares of the company’s stock, valued at approximately $1,036,164.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.22% of the company’s stock.
Phillips 66 Increases Dividend
The firm also recently declared a quarterly dividend,…
Read More: Q3 2024 EPS Estimates for Phillips 66 Lifted by Analyst (NYSE:PSX)