Phillips 66 (NYSE:PSX - Get Free Report) posted its quarterly earnings data on Friday. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the business posted $3.09 EPS.
Shares of NYSE PSX traded down $0.48 during mid-day trading on Friday, hitting $120.36. The stock had a trading volume of 2,009,239 shares, compared to its average volume of 2,778,072. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The firm has a market cap of $49.71 billion, a PE ratio of 15.45, a PEG ratio of 4.03 and a beta of 1.38. The company has a 50 day moving average of $120.86 and a two-hundred day moving average of $128.72.
A number of analysts have recently commented on PSX shares. UBS Group reduced their price target on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Piper Sandler cut Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Wolfe Research raised Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Wells Fargo & Company lowered their target price on Phillips 66 from $167.00 to $161.00 and set an "overweight" rating on the stock in a report on Monday, December 9th. Finally, 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 research report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.93.
View Our Latest Analysis on PSX
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.
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