|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||110.31 - 111.22|
|52 Week Range||80.73 - 122.38|
|PE Ratio (TTM)||11.21|
|Earnings Date||Jul 27, 2018|
|Forward Dividend & Yield||3.20 (2.88%)|
|1y Target Est||124.50|
Short interest in Phillips 66 (PSX), expressed as a percentage of shares outstanding, has fallen by 0.4 percentage points since May 15 to 1.2%. Normally, everything else being equal, a drop in short interest could indicate a decrease in bearish sentiment for a stock. In the same period, Phillips 66 stock price fell 6.1%.
In this pre-earnings series, we’ve looked at Phillips 66’s (PSX) second-quarter earnings and refining margin expectations. We also looked at its stock performance, stock price forecast range, and analyst ratings. Now, we’ll look at PSX’s recent dividend announcement ahead of Q2 earnings.
In this series, we’ve taken a look at Phillips 66’s (PSX) second-quarter estimates, refining margin expectations, stock returns, and stock price estimates ahead of its earnings release expected on July 27. Now we’ll review the changes in analyst ratings for Phillips 66 ahead of the earnings release.
In this part of our series, we’ll look at Phillips 66’s forecast stock price range, based on its implied volatility, for a 15-day period ahead of its earnings release. Phillips 66 is expected to post its Q2 2018 earnings on July 27.
Since April 2, the beginning of the second quarter, Phillips 66 (PSX) stock and the SPDR S&P 500 ETF (SPY) have risen. SPY tracks the S&P 500 Index. However, the US Gulf Coast WTI 3-2-1, the benchmark crack, has fallen. Let’s take a look at their monthly performance since April 2.
In the previous part of this series, we saw that Wall Street analysts expect robust performance from Phillips 66 (PSX) in Q2 2018. Are stronger refining margins the reason for PSX’s higher estimated earnings? Let’s take a look.
Phillips 66 (PSX) is expected to post its Q2 2018 results on July 27. Before we proceed with the Q2 2018 estimates, let’s recap PSX’s Q1 2018 performance versus expectations.
William Priest: The outlook for earnings and dividends is excellent this year. There will be a substantial increase in earnings, due in part to the corporate tax cuts enacted late last year. With regard to dividends—whether paid in cash or through stock buybacks—this will be one of the best years ever.
Steep decline in imports, partly due to an outage at Syncrude facility in Canada, led to the massive stockpile draw with the world's biggest oil consumer.
Stock Research Monitor: PSX, REGI, and UGP LONDON, UK / ACCESSWIRE / July 13, 2018 / If you want a free Stock Review on PBF sign up now at www.wallstequities.com/registration . On Thursday, July 12, 2018, ...
Analysts believe that the WTI Midland discount and the Waha natural gas discount to Henry Hub prices will become worse before they become better, but additional pipeline capacity is poised to make a difference in 2019
The Woodlands-based Chevron Phillips Chemical has been buying real estate adjacent to its Cedar Bayou plant, most recently picking up a nearby residential property. CP Chem, which produces a variety of chemical products, buys properties near its facilities on a regular basis, CEO Mark Lashier told the Houston Business Journal. The latest was a house and land appraised at $328,348 at 8019 Harvest Lane in Baytown, according to various Harris County public records. The deals primarily create a buffer zone between the facilities and occupied land, Lashier said.
The API (American Petroleum Institute) released its weekly US gasoline inventory data yesterday, reporting that US gasoline inventories fell ~1.6 MMbbls (million barrels) between June 29 and July 6. Meanwhile, Reuters estimates that US gasoline inventories fell ~0.75 MMbbls. In early morning trading today, US gasoline gas futures fell 0.5%.
The board of directors of Phillips 66 has declared a quarterly dividend of 80 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 4, 2018, to shareholders of record as of the close of business on Aug.
Short interest as a percentage of outstanding shares in Valero Energy (VLO) has fallen 0.3% since mid-May to its current level of 2.5%. Over the same period, Valero stock has fallen 7.2%. Positive sentiments for Valero have increased since the middle of the quarter following the better-than-expected first-quarter earnings announced by the company at the end of April.
Moody's Investors Service (Moody's) assigned a Ba2 rating to DCP Midstream Operating, LP 's (DCP Midstream Operating) proposed senior notes due 2025. DCP Midstream, LP's (DCP) existing ratings, including the Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating, B1 preferred units ratings and SGL-3 Speculative Grade Liquidity (SGL) rating are unchanged. Additionally, DCP Midstream Operating's Ba2 senior unsecured notes ratings and the B1 junior subordinated notes rating are unchanged.
Institutional ownership in Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) stands above 70.0%. Institutional ownership is the highest in ANDV, standing at ~84.0%. The lowest institutional ownership is in PSX, standing at ~71.0%. Institutional ownership in MPC and VLO stands at ~83.0% and ~81.0%, respectively.
Short interest (the percentage of outstanding shares) in Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) have demonstrated a mixed trend since March 29. While the short interest in ANDV fell, it rose in MPC, VLO, and PSX during this period.
In the previous part, we saw that Marathon Petroleum’s (MPC) valuations switched from premium to discount. However, Andeavor’s (ANDV) valuations have surged. MPC announced the acquisition of ANDV on April 30.
In the previous part, we discussed the dividend yield trends of the four refining stocks in our survey. Now, we’ll look at the forward valuations of refiners Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX).
Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) have paid dividends regularly in the past few years. Before we look at their dividend yield trends, let’s look at their dividend payments in the second quarter.
Implied volatilities in refining stocks showed a mixed trend in the second quarter. Although the implied volatilities in Marathon Petroleum (MPC), Phillips 66 (PSX), and Andeavor (ANDV) fell, this metric rose for Valero Energy (VLO).
In the second quarter, refining stocks Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX) rose. However, Marathon Petroleum (MPC) declined, which we discussed in the previous part of this series.