Media coverage about Phillips 66 (NYSE:PSX) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Phillips 66 earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.0656270132202 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- Head to Head Comparison: World Fuel Services (INT) vs. Phillips 66 (PSX) (americanbankingnews.com)
- $29.31 Billion in Sales Expected for Phillips 66 (PSX) This Quarter (americanbankingnews.com)
- Phillips 66’s (PSX) “Equal Weight” Rating Reiterated at Morgan Stanley (americanbankingnews.com)
- Earnings per share (EPS) in Focus – Phillips 66 (NYSE: PSX) (stocksmarketcap.com)
- Phillips 66’s (PSX) Buy Rating Reiterated at Piper Jaffray (americanbankingnews.com)
Phillips 66 (NYSE:PSX) opened at $94.33 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.09. The stock has a market cap of $44,648.71, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $107.47.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th were given a dividend of $0.70 per share. The ex-dividend date was Friday, February 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.97%. Phillips 66’s payout ratio is currently 28.20%.
A number of equities analysts have recently commented on the stock. Citigroup lifted 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. Deutsche Bank cut their target price on shares of Phillips 66 from $106.00 to $102.00 and set a “hold” rating on the stock in a report on Monday, March 19th. Scotiabank reaffirmed a “buy” rating and issued a $112.00 target price on shares of Phillips 66 in a report on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $106.00 target price on shares of Phillips 66 in a report on Tuesday, January 30th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Phillips 66 in a report on Wednesday, March 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. Phillips 66 has a consensus rating of “Hold” and a consensus price target of $103.37.
About Phillips 66
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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