Phillips 66 (PSX) Earns Daily Media Impact Rating of 0.30

Media coverage about Phillips 66 (NYSE:PSX) has trended positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Phillips 66 earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 86 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

Insider Buying and Selling by Quarter for Phillips 66 (NYSE:PSX)

PSX has been the subject of several recent research reports. Royal Bank Of Canada reiterated a “hold” rating and set a $87.00 target price on shares of Phillips 66 in a research report on Thursday, April 20th. Piper Jaffray Companies reiterated an “overweight” rating and set a $88.00 target price on shares of Phillips 66 in a research report on Thursday, May 25th. Scotiabank set a $86.00 target price on shares of Phillips 66 and gave the company a “hold” rating in a research report on Monday, May 1st. Jefferies Group LLC set a $74.00 target price on shares of Phillips 66 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Finally, US Capital Advisors reiterated a “buy” rating on shares of Phillips 66 in a research report on Monday, May 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $84.86.

Phillips 66 (NYSE PSX) opened at 80.27 on Friday. The company has a 50-day moving average of $78.60 and a 200-day moving average of $80.50. Phillips 66 has a 52 week low of $73.67 and a 52 week high of $88.87. The firm has a market capitalization of $41.43 billion, a price-to-earnings ratio of 24.91 and a beta of 1.27.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, April 28th. The oil and gas company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.53. Phillips 66 had a net margin of 1.86% and a return on equity of 5.98%. The firm had revenue of $23.71 billion during the quarter, compared to the consensus estimate of $22.30 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, equities analysts forecast that Phillips 66 will post $4.32 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Thursday, May 18th were paid a $0.70 dividend. This is an increase from Phillips 66’s previous quarterly dividend of $0.63. This represents a $2.80 annualized dividend and a yield of 3.49%. The ex-dividend date was Tuesday, May 16th. Phillips 66’s payout ratio is 86.96%.

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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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PSX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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