Headlines about Phillips 66 (NYSE:PSX) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Phillips 66 earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 46.4150322669507 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Is MPC Trading at a Premium Compared to Its Peers? (finance.yahoo.com)
- Chevron Phillips Brings New Ethane Cracker in Texas Online (finance.yahoo.com)
- Phillips 66 (PSX) PT Raised to $94.00 at Citigroup (americanbankingnews.com)
- Chevron Phillips Chemical launches 1.5M tons/year ethane cracker (msn.com)
- Will Marathon Petroleum Increase Its Next Dividend Payment? (finance.yahoo.com)
Several equities research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Phillips 66 from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday. Credit Suisse Group reissued a “neutral” rating and set a $110.00 price target on shares of Phillips 66 in a report on Wednesday, March 7th. Vetr cut shares of Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 price target for the company. in a report on Tuesday, November 21st. ValuEngine raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Scotiabank reissued a “buy” rating and set a $112.00 price target on shares of Phillips 66 in a report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $103.46.
Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.21. Phillips 66 had a net margin of 4.88% and a return on equity of 9.18%. The company had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $30.71 billion. During the same period last year, the company posted $0.16 earnings per share. research analysts predict that Phillips 66 will post 7.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.97%. Phillips 66’s dividend payout ratio (DPR) is presently 61.00%.
In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $100.25, for a total value of $270,675.00. Following the completion of the transaction, the vice president now directly owns 2,700 shares of the company’s stock, valued at $270,675. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.
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Phillips 66 Company Profile
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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