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Phillips 66 (PSX)
| Previous close | 157.24 |
| Open | 152.50 |
| Bid | 150.29 x 900 |
| Ask | 150.49 x 800 |
| Day's range | 149.55 - 155.84 |
| 52-week range | 89.74 - 174.08 |
| Volume | |
| Avg. volume | 2,975,554 |
| Market cap | 64.025B |
| Beta (5Y monthly) | 1.38 |
| PE ratio (TTM) | 9.74 |
| EPS (TTM) | 15.47 |
| Earnings date | 26 Apr 2024 |
| Forward dividend & yield | 4.60 (2.93%) |
| Ex-dividend date | 17 May 2024 |
| 1y target est | 169.01 |
ZacksPhillips 66 (PSX) Q1 Earnings Miss Estimates
Phillips 66 (PSX) delivered earnings and revenue surprises of -7.32% and 17.35%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
- Reuters
UPDATE 2-Phillips 66 misses first-quarter profit estimates on weaker margins
Refiner margins have scaled back from the peaks achieved after Russia's invasion of Ukraine in 2022, amid a rise in global refining capacity that has led to a drop in fuel prices. The company said its realized margins fell about 47% to $10.91 per barrel in the first quarter from a year earlier, led by nearly a 50% decline in Gulf Coast margins. The decline comes amid a push from activist investor Elliott, which revealed a $1 billion stake in the company last year, to address underperformance in refining and speed up cost cuts.
ReutersPhillips 66 misses first-quarter profit estimates on weaker margins
Refiner margins have scaled back from the peaks achieved after Russia's invasion of Ukraine in 2022, amid a rise in global refining capacity that has led to a drop in fuel prices. The company said its realized margins slumped about 47% to $10.91 per barrel in the first quarter from a year earlier, led by nearly a 50% decline in Gulf Coast margins. Shares of the refiner were down nearly 3% on Friday.
