Phillips 66 (NYSE:PSX – Get Score) – Equities analysis analysts at Jefferies Monetary Group minimize their This autumn 2022 earnings per share estimates for shares of Phillips 66 in a analysis report issued to shoppers and traders on Tuesday, January seventeenth. Jefferies Monetary Group analyst L. Byrne now anticipates that the oil and gasoline firm will publish earnings of $4.17 per share for the quarter, down from their earlier forecast of $4.30. Jefferies Monetary Group has a “Maintain” score and a $105.00 value goal on the inventory. The consensus estimate for Phillips 66’s present full-year earnings is $19.38 per share. Jefferies Monetary Group additionally issued estimates for Phillips 66’s FY2023 earnings at $13.40 EPS.
Phillips 66 (NYSE:PSX – Get Score) final launched its earnings outcomes on Tuesday, November 1st. The oil and gasoline firm reported $6.46 earnings per share for the quarter, beating the consensus estimate of $4.98 by $1.48. The corporate had income of $48.76 billion through the quarter, in comparison with the consensus estimate of $40.68 billion. Phillips 66 had a return on fairness of 32.66% and a internet margin of 6.18%. Throughout the identical interval within the earlier 12 months, the corporate posted $3.18 EPS.
Different equities analysts have additionally lately issued analysis reviews concerning the firm. Raymond James lifted their value goal on Phillips 66 from $130.00 to $135.00 and gave the corporate an “outperform” score in a analysis word on Friday, January thirteenth. Morgan Stanley lifted their value goal on Phillips 66 from $105.00 to $115.00 and gave the corporate an “equal weight” score in a analysis word on Monday, November seventh. Piper Sandler decreased their value goal on Phillips 66 from $155.00 to $137.00 and set an “obese” score for the corporate in a analysis word on Monday, December nineteenth. Wells Fargo & Firm decreased their value goal on Phillips 66 from $134.00 to $127.00 and set an “obese” score for the corporate in a analysis word on Thursday, January fifth. Lastly, The Goldman Sachs Group lifted their value goal on Phillips 66 to $123.00 in a analysis word on Wednesday, November sixteenth. 5 equities analysis analysts have rated the inventory with a maintain score and 9 have given a purchase score to the corporate’s inventory. In response to information from MarketBeat.com, Phillips 66 presently has a consensus score of “Average Purchase” and a median goal value of $118.27.
Phillips 66 Inventory Efficiency
Shares of PSX opened at $104.38 on Thursday. The inventory has a 50-day easy shifting common of $104.74 and a 200-day easy shifting common of $94.72. The corporate has a debt-to-equity ratio of 0.50, a fast ratio of 1.06 and a present ratio of 1.30. The inventory has a market capitalization of $49.33 billion, a PE ratio of 4.77, a PEG ratio of 0.40 and a beta of 1.41. Phillips 66 has a 1 12 months low of $73.85 and a 1 12 months excessive of $113.53.
Institutional Inflows and Outflows
Numerous institutional traders have lately modified their holdings of PSX. Wellington Administration Group LLP elevated its holdings in shares of Phillips 66 by 62.1% within the first quarter. Wellington Administration Group LLP now owns 7,188,087 shares of the oil and gasoline firm’s inventory valued at $620,979,000 after buying an extra 2,753,700 shares through the interval. FMR LLC grew its holdings in Phillips 66 by 18.9% through the second quarter. FMR LLC now owns 10,264,690 shares of the oil and gasoline firm’s inventory value $841,602,000 after buying an extra 1,634,573 shares through the interval. Vanguard Group Inc. grew its holdings in Phillips 66 by 1.9% through the third quarter. Vanguard Group Inc. now owns 50,644,106 shares of the oil and gasoline firm’s inventory value $4,087,993,000 after buying an extra 966,125 shares through the interval. State Road Corp grew its holdings in Phillips 66 by 2.7% through the second quarter. State Road Corp now owns 32,668,525 shares of the oil and gasoline firm’s inventory value $2,678,492,000 after buying an extra 854,076 shares through the interval. Lastly, Renaissance Applied sciences LLC grew its holdings in Phillips 66 by 50.3% through the first quarter. Renaissance Applied sciences LLC now owns 2,053,650 shares of the oil and gasoline firm’s inventory value $177,415,000 after buying an extra 687,650 shares through the interval. Institutional traders and hedge funds personal 70.76% of the corporate’s inventory.
Insider Shopping for and Promoting at Phillips 66
In different Phillips 66 information, VP Joseph Scott Pruitt offered 600 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, November fifteenth. The inventory was offered at a median value of $110.68, for a complete worth of $66,408.00. Following the completion of the sale, the vice chairman now owns 15,302 shares within the firm, valued at $1,693,625.36. The sale was disclosed in a doc filed with the SEC, which is out there by means of this hyperlink. 0.74% of the inventory is owned by firm insiders.
About Phillips 66
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Phillips 66 operates as an power manufacturing and logistics firm. It operates by means of 4 segments: Midstream, Chemical compounds, Refining, and Advertising and Specialties (M&S). The Midstream section transports crude oil and different feedstocks; delivers refined petroleum merchandise to market; gives terminaling and storage companies for crude oil and refined petroleum merchandise; transports, shops, fractionates, exports, and markets pure gasoline liquids; gives different fee-based processing companies; and gathers, processes, transports, and markets pure gasoline.
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