Phillips 66 (NYSE:PSX) Announces Earnings Results

Phillips 66 (NYSE:PSX) issued its quarterly earnings results on Friday. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38), Zacks reports. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. During the same period last year, the company earned $3.09 EPS.

Phillips 66 Stock Down 1.2 %

NYSE:PSX traded down $1.47 during trading hours on Friday, hitting $119.37. 2,072,319 shares of the company traded hands, compared to its average volume of 2,783,477. The firm’s 50-day simple moving average is $120.86 and its 200-day simple moving average is $128.72. The company has a market cap of $49.30 billion, a PE ratio of 15.34, a PEG ratio of 4.03 and a beta of 1.38. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a one year low of $108.90 and a one year high of $174.08.

Wall Street Analyst Weigh In

PSX has been the topic of a number of research analyst reports. Mizuho cut their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Scotiabank reduced their price target on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Bank of America initiated coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective on the stock. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, UBS Group cut their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Phillips 66 has an average rating of “Moderate Buy” and an average price target of $147.93.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. 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 petroleum products to market; provides terminaling and storage services for crude oil and refined 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.