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.

Several brokerages have recently issued reports on PSX. ValuEngine upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. JPMorgan Chase upped their target price on shares of Phillips 66 from $108.00 to $109.00 and gave the company a “neutral” rating in a report on Monday, April 9th. Deutsche Bank lowered their target price on shares of Phillips 66 from $106.00 to $102.00 and set a “hold” rating for the company in a report on Monday, March 19th. Citigroup upped their target price on shares of Phillips 66 from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, March 13th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $110.00 target price on shares of Phillips 66 in a report on Wednesday, March 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $104.19.

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.

Earnings History for Phillips 66 (NYSE:PSX)

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