Phillips 66 (NYSE:PSX) Given Price Target Of $85.111


As per Phillips 66 (NYSE:PSX)’s news release on 2016-07-13, its shareholders will get cash dividend of $0.63 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-18 and 2016-09-01, respectively.

The stock will commence trading ex-dividend from 2016-08-16, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Phillips 66 (NYSE:PSX) disbursed $0.63 in dividend compared to distribution of $0.63, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 15.3439%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Phillips 66 (NYSE:PSX) to attain a price target of $85.111. It is an average estimate figure given by 9 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $93. The low price range is set at $72 for next year while the arithmetic mean is seen at 2.75.

Eyeing Earnings Phillips 66 (NYSE:PSX) is likely to post quarterly numbers around 2016-11-04 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.97 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Phillips 66 (NYSE:PSX) earnings came at $0.94 suggesting a deviation of $0.03. The brokerages targeted EPS of $0.91 for the quarter.

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