Phillips 66 (NYSE:PSX) Issues Quarterly Earnings Results, Beats Estimates By $0.32 EPS

Phillips 66 (NYSE:PSX) released its earnings results on Wednesday. The oil and gas company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.32, Briefing.com reports. Phillips 66 had a net margin of 1.12% and a return on equity of 5.53%. The business had revenue of $32.16 billion during the quarter, compared to the consensus estimate of $33.81 billion. During the same quarter last year, the firm earned ($0.15) earnings per share.

Phillips 66 Stock Performance

Shares of Phillips 66 stock traded up $6.77 on Wednesday, hitting $154.86. The stock had a trading volume of 1,598,413 shares, compared to its average volume of 2,514,182. The stock has a market cap of $62.39 billion, a price-to-earnings ratio of 42.31, a price-to-earnings-growth ratio of 0.51 and a beta of 0.90. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.68. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $154.79. The business’s 50 day moving average is $137.28 and its two-hundred day moving average is $133.17.

Key Phillips 66 News

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Q4 earnings beat — Phillips 66 reported adjusted EPS of $2.47 vs. consensus ~$2.15, surprising to the upside and driving investor optimism. Why Is Phillips 66 Stock Trading Higher Today?
• Positive Sentiment: Refining margins rebound and higher midstream volumes meaningfully lifted results — outlets note realized refining margins improved globally and midstream throughput supported earnings. Phillips 66 Q4 Earnings Top Estimates on Higher Realized Refining Margins
• Positive Sentiment: Operational optionality — CEO comments that Phillips 66 can process ~250,000 bpd of Venezuelan crude highlight feedstock flexibility that could support margins if favorable crude flows persist. Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude, CEO says
• Neutral Sentiment: Company released full press materials (press release and slide deck) for the quarter — useful for investors digging into segment-level results and guidance. View Press Release / Slide Deck
• Neutral Sentiment: Analyst previews and notes heading into the print highlighted potential upside in key metrics, so some of today’s move reflects positions being adjusted around expectations. Unlocking Q4 Potential of Phillips 66 (PSX)
• Negative Sentiment: Revenue context mixed — some reports show total revenue below Street consensus (company reported ~$32.2B vs. a consensus ~33.8B in one summary), and margins/returns remain modest on a percentage basis, which could limit multiple expansion. Refiner Phillips 66 beats quarterly profit estimates as margins rebound

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PSX shares. BMO Capital Markets raised their price objective on Phillips 66 from $152.00 to $160.00 in a report on Tuesday, November 11th. Scotiabank reiterated a “sector perform” rating and set a $140.00 price objective on shares of Phillips 66 in a research note on Friday, January 16th. Piper Sandler set a $153.00 price objective on Phillips 66 in a report on Monday, January 12th. JPMorgan Chase & Co. lowered their target price on shares of Phillips 66 from $154.00 to $151.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Finally, Wolfe Research increased their price target on shares of Phillips 66 from $159.00 to $164.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.47.

Insider Activity at Phillips 66

In other news, EVP Vanessa Allen Sutherland sold 4,394 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $145.00, for a total value of $637,130.00. Following the completion of the sale, the executive vice president owned 30,193 shares of the company’s stock, valued at approximately $4,377,985. The trade was a 12.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevin J. Mitchell sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $138.00, for a total transaction of $4,140,000.00. Following the transaction, the chief financial officer directly owned 89,771 shares in the company, valued at approximately $12,388,398. This represents a 25.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 86,094 shares of company stock worth $11,955,366 in the last ninety days. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Watch Advisors INC acquired a new stake in Phillips 66 during the third quarter worth about $36,000. WFA of San Diego LLC acquired a new stake in shares of Phillips 66 during the 2nd quarter worth approximately $52,000. Harvest Fund Management Co. Ltd increased its stake in Phillips 66 by 3,814.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 548 shares of the oil and gas company’s stock valued at $75,000 after acquiring an additional 534 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Phillips 66 by 31.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 630 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 150 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Phillips 66 during the second quarter valued at approximately $144,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.