Wall Street analysts forecast that Phillips 66 (NYSE:PSX) will report earnings per share (EPS) of ($0.03) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Phillips 66’s earnings, with the lowest EPS estimate coming in at ($1.30) and the highest estimate coming in at $0.63. Phillips 66 reported earnings per share of $3.02 in the same quarter last year, which suggests a negative year over year growth rate of 101%. The business is expected to issue its next earnings results on Friday, July 24th.

On average, analysts expect that Phillips 66 will report full year earnings of $2.50 per share for the current fiscal year, with EPS estimates ranging from ($1.34) to $6.80. For the next financial year, analysts anticipate that the business will post earnings of $5.97 per share, with EPS estimates ranging from $3.03 to $9.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Phillips 66.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.39. Phillips 66 had a return on equity of 14.90% and a net margin of 0.35%. The business had revenue of $21.24 billion during the quarter, compared to analyst estimates of $22.04 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share.

Several brokerages have recently commented on PSX. Cfra lowered their price objective on Phillips 66 from $110.00 to $49.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. JPMorgan Chase & Co. boosted their price objective on Phillips 66 from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Bank of America upgraded Phillips 66 from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Monday, April 20th. Royal Bank of Canada upgraded Phillips 66 from a “sector perform” rating to an “outperform” rating and set a $67.00 price objective on the stock in a research report on Sunday, March 29th. Finally, Wells Fargo & Co lowered their price objective on Phillips 66 from $130.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Two investment analysts have rated the stock with a sell rating and seventeen have given a buy rating to the company. Phillips 66 currently has an average rating of “Buy” and a consensus target price of $89.00.

In related news, Director Gary Kramer Adams acquired 1,250 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were acquired at an average cost of $76.40 per share, for a total transaction of $95,500.00. Following the completion of the transaction, the director now directly owns 10,213 shares in the company, valued at approximately $780,273.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John E. Lowe acquired 1,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $74.93 per share, for a total transaction of $74,930.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 4,250 shares of company stock worth $323,850. Company insiders own 0.63% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. grew its stake in shares of Phillips 66 by 1.4% during the fourth quarter. Baird Financial Group Inc. now owns 113,434 shares of the oil and gas company’s stock valued at $12,637,000 after buying an additional 1,531 shares during the last quarter. Raymond James & Associates grew its stake in shares of Phillips 66 by 5.9% during the fourth quarter. Raymond James & Associates now owns 614,876 shares of the oil and gas company’s stock valued at $68,504,000 after buying an additional 34,478 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Phillips 66 by 2.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 105,844 shares of the oil and gas company’s stock valued at $11,792,000 after buying an additional 2,157 shares during the last quarter. CWS Financial Advisors LLC bought a new position in shares of Phillips 66 during the fourth quarter valued at approximately $265,000. Finally, NuWave Investment Management LLC grew its stake in Phillips 66 by 815.7% in the fourth quarter. NuWave Investment Management LLC now owns 11,639 shares of the oil and gas company’s stock worth $1,296,000 after purchasing an additional 10,368 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Shares of Phillips 66 stock traded up $0.08 during trading hours on Friday, hitting $70.93. The company’s stock had a trading volume of 2,811,067 shares, compared to its average volume of 4,301,904. The business has a 50 day moving average price of $61.80 and a two-hundred day moving average price of $89.47. Phillips 66 has a 12-month low of $40.04 and a 12-month high of $119.92. The company has a market cap of $33.65 billion, a PE ratio of 104.31, a PEG ratio of 6.30 and a beta of 1.59. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.61 and a current ratio of 1.11.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.60 dividend on an annualized basis and a yield of 5.08%. Phillips 66’s dividend payout ratio (DPR) is presently 44.72%.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market; provides terminaling and storage services for crude oil and 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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