Phillips 66 (PSX) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS
Phillips 66 (NYSE:PSX) issued its earnings results on Friday. The oil and gas company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13, Bloomberg Earnings reports. Phillips 66 had a net margin of 4.88% and a return on equity of 9.18%. The business had revenue of $24.05 billion during the quarter, compared to analysts’ expectations of $29.23 billion. During the same quarter in the prior year, the business posted $0.56 EPS.
Shares of NYSE:PSX opened at $111.34 on Friday. The firm has a market cap of $52,490.58, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. Phillips 66 has a 1-year low of $75.85 and a 1-year high of $113.27.
A number of large investors have recently modified their holdings of the stock. Rowland & Co. Investment Counsel ADV purchased a new position in Phillips 66 during the 4th quarter worth $102,000. Pin Oak Investment Advisors Inc. purchased a new position in Phillips 66 during the 4th quarter worth $119,000. First Dallas Securities Inc. purchased a new position in Phillips 66 during the 4th quarter worth $143,000. Truewealth LLC purchased a new position in Phillips 66 during the 4th quarter worth $151,000. Finally, University of Texas Investment Managment Co. purchased a new position in Phillips 66 during the 4th quarter worth $156,000. Hedge funds and other institutional investors own 77.72% of the company’s stock.
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, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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