Somewhat Positive Press Coverage Somewhat Unlikely to Impact Phillips 66 (PSX) Share Price
Press coverage about Phillips 66 (NYSE:PSX) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Phillips 66 earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 44.9018952813819 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Gas Prices Spike As Harvey Shuts Down Gulf Coast Refineries (finance.yahoo.com)
- Phillips 66 Contributes to Hurricane Harvey Disaster Relief Efforts (finance.yahoo.com)
- Phillips 66 Shutting Sweeny Refinery Near Houston (foxbusiness.com)
- Phillips 66 (NYSE:PSX) Quarterly Analysis (wisdomsave.com)
- Phillips 66 (PSX) Expected to Post Quarterly Sales of $29.57 Billion (americanbankingnews.com)
Several equities analysts have recently commented on PSX shares. TheStreet lowered Phillips 66 from a “b-” rating to a “c” rating in a research report on Monday, June 5th. BidaskClub lowered Phillips 66 from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Scotiabank set a $86.00 price objective on Phillips 66 and gave the company a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Phillips 66 from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, US Capital Advisors reiterated a “buy” rating on shares of Phillips 66 in a research report on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Phillips 66 has an average rating of “Hold” and an average price target of $83.53.
Phillips 66 (PSX) opened at 83.50 on Wednesday. The company’s 50-day moving average price is $83.34 and its 200 day moving average price is $79.89. The company has a market capitalization of $42.71 billion, a price-to-earnings ratio of 24.97 and a beta of 1.22. Phillips 66 has a 52-week low of $75.14 and a 52-week high of $88.87.
Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The firm had revenue of $24.58 billion for the quarter, compared to analyst estimates of $25.14 billion. Phillips 66 had a net margin of 1.87% and a return on equity of 6.29%. During the same quarter in the previous year, the company earned $0.94 EPS. On average, equities analysts expect that Phillips 66 will post $4.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, August 16th. Phillips 66’s payout ratio is presently 83.58%.
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About Phillips 66
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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