Phillips 66 (NYSE:PSX) Updates On Dividend Release Date


On 2016-07-13, Phillips 66 (NYSE:PSX) confirmed the dividend disbursement of $0.63 a share to shareholders as on record 2016-08-18. The firm will release dividend on 2016-09-01 while ex-dividend date is reported to be 2016-08-16.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Phillips 66 (NYSE:PSX) paid a total of $0.63 per share in dividends. This figure stood at $0.63 a share in the same period a year ago indicating a deviation of 15.3439%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $85.111 on the stock. This figure is the average of recommendations offered by 9 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $93 and $72, respectively.

Taking the mathematical rating formula, the price for Phillips 66 (NYSE:PSX) stands at 2.75. Earnings Review Phillips 66 (NYSE:PSX) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-04. For the period ending on 2016-09-30, experts are expecting EPS of $0.93.

Coming to the quarter ending on 2015-12-31, Phillips 66 (NYSE:PSX) recorded EPS of $0.94. The reported numbers came lower than the analysts’ estimates of $0.91, demonstrating a miss of $0.03 as against reported figures.

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